(Finance) – Amplifon communicated thelaunch of the buy-back programin execution of the resolution of the Shareholders’ Meeting on 22 April 2022.
The program is aimed at increasing the portfolio of treasury shares to be allocated to the service of stock incentive plans, both existing and future, reserved for directors and / or employees and / or collaborators of the Company or of other companies controlled by it, and of any programs for the free assignment of shares to shareholders, as well as offering the Company a valid tool that allows it to have its own shares in its portfolio to be used, if necessary, as a means of payment in extraordinary transactions, including the acquisition of companies or the exchange of equity investments.
In accordance with the resolution of the Shareholders’ Meeting, the purchase, which can be carried out in one or more times, on a revolving basis, may involve a maximum number of treasury shares equal to 10% of the share capital, in compliance with all legal limits. and taking into account the treasury shares already held today.
The shares may be purchased at a unitary price that is neither higher nor lower than 10% with respect to the reference price recorded by the share in the trading session preceding each single purchase transaction.
Authorization to make purchases has duration until the end of 21 October 2023.
As of May 12, 2022, Amplifon owns a total of 2,160,367 treasury shares, equivalent to 0.954% of the share capital and 0.670% of the share capital in voting rights.
In Milan, today a decidedly positive session for the leading company in hearing solutionswhich finished up 5.97%.