Braga Moro tender offer clears Italy “golden power” condition

• Power Conversion Holding’s cash bid for Braga Moro targets up to 1,030,206 shares, priced at EUR 6.91 per share.
• Second-week tenders totaled 310,000 shares; cumulative tenders reached 654,245 shares, equal to 63.51% of the offer shares.
• A separate share purchase agreement covers 1,054,364 shares for EUR 7.29 million, implying EUR 6.91 per share.
• Tenders plus the agreed purchase total 1,708,609 shares, representing 81.96% of fully diluted share capital.
• The offer’s “Golden Power” condition was met; the tender period runs through July 10.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Braga Moro Sistemi di Energia S.p.A. published the original content used to generate this news brief via SDIR, the Italian regulatory disclosure system (Ref. ID: 20340-20-2026_TELEBORSA.pdf), on July 03, 2026, and is solely responsible for the information contained therein.