(Finance) – Aristona group active in renewable and highly efficient solutions for water and space heating, announced the launch of a share buyback program (approved at the same time as the results of the first half of 2022) intended to fulfill the obligations deriving from long-term incentive programs.
The authorization relates to the purchase, through one or more transactions, of shares from August 3, 2022 to February 3, 2024. The purchases are expected to take place for a minimum price, excluding expenses, equal to the par value of Ariston shares, it’s a maximum price of 11 euros per share Ariston. The maximum amount allocated to the program is 16.5 million euros, for a maximum number of Ariston shares to be purchased equal to 1,500,000.