Pendant Power crosses 90% threshold in PLC takeover bid

• Pendant Power reached 90.91% of PLC’s share capital, including shares tendered during the reopened offer, paving the way for delisting.
• On November 5, 2026, it purchased 313,810 shares outside the offer at EUR 3.08 each, representing 1.21% of share capital.
• Direct holdings rose to 23,216,828 shares, or 89.43%; tendered shares brought the combined total to 23,601,015.
• The bidder will acquire the remaining shares following the reopened offer, having ruled out restoring sufficient free float to maintain trading.
• Final offer results will set out the remaining acquisition process and delisting timetable.

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. PLC S.p.A. published the original content used to generate this news brief via SDIR, the Italian regulatory disclosure system (Ref. ID: 0836-32-2026_TELEBORSA.pdf), on November 05, 2026, and is solely responsible for the information contained therein.