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Inhaber-Optionsschein
Zum Bezug von 553 Namens-Stammaktien der Pirelli S.p.A., Mailand (PSPA), im Nennbetrag von je Lit. 1000 (die "Aktien der PSPA") oder von sieben Inhaber-Aktien oder sieben Inhaber- Partizipationsscheinen der Société Internationale Pirelli S.A. (SIP) im Nennbetrag von je sfr. 100,- (die "Aktien" oder die "Partizipationsscheine der SIP").
Bearer Option Certificate
For the subscription of 553 registered common shares of Pirelli S.p.A., Milan (PSPA), with a nominal value of Lit. 1000 each (the "PSPA shares") or of seven bearer shares or seven bearer participation certificates of Société Internationale Pirelli S.A. (SIP) with a nominal value of Sfr. 100 each (the "shares" or the "SIP participation certificates").
Options and Terms
The option certificate entitles the holder to subscribe to 553 PSPA shares or seven SIP shares or participation certificates based on the terms specified. The options could be exercised by January 15, 1993, or an earlier date as per the option terms, issued in conjunction with the 3% DM 100,000,000 bond options between 1986/1993 by Pirelli Deutschland International Finance B.V., Rotterdam, guaranteed by Pirelli Société Internationale Générale S.A., Basel.
Company Background
Pirelli S.p.A.
Founded in 1872, Pirelli is one of the largest global tire manufacturers, headquartered in Milan, Italy. The company is renowned for its innovative technology and high-quality products. Over the years, Pirelli has expanded its operations internationally, establishing a strong presence in various markets and industries. Pirelli has also been actively involved in motorsports, further enhancing its brand reputation.
Société Internationale Pirelli S.A.
Based in Basel, Switzerland, Société Internationale Pirelli S.A. is a part of the Pirelli Group. The company plays a crucial role in the financial and strategic operations of the group, supporting Pirelli's global business activities.
Historical Context
The 1986 bearer option certificate issued by Pirelli S.p.A. and Société Internationale Pirelli S.A. is a significant piece of financial history. It reflects the strategic financial maneuvers undertaken by Pirelli during a period of expansion and consolidation in the international market. This document is not only a testament to Pirelli's financial prowess but also a valuable collectible for enthusiasts of historical financial instruments.
Design and Security Features
The certificate features a detailed and intricate design, characteristic of financial documents from the era. It includes multiple security elements, such as unique serial numbers and official stamps, ensuring its authenticity and preventing counterfeiting.
Legacy and Impact
The issuance of such financial instruments played a pivotal role in Pirelli's growth and expansion during the late 20th century. By offering these options, Pirelli was able to attract investors and secure the necessary capital to fuel its ambitious projects and innovations.
This document serves as a valuable artifact, highlighting the rich history and enduring legacy of Pirelli S.p.A. and Société Internationale Pirelli S.A. in the global financial landscape.
