(Tiper Stock Exchange) – Brembo communicated thelaunch of the treasury share buyback programmealready authorized by the Shareholders’ Meeting of 20 April 2023, for the purchase of a maximum of 8,000,000 ordinary shares and for an amount not exceeding 144,000,000 euros. The program will have starting on August 1, 2023 and will end by 20 October 2024.
The program is aimed at carrying out any investment transactions also to contain anomalous movements in quotations, to regularize the trend of trading and prices and to support the liquidity of the share on the market, as well as carrying out, in line with the Company’s strategic guidelines, share capital operations or other operations in relation to which it is necessary or appropriate to proceed with the exchange or sale of share packages to be carried out through exchange, contribution or other disposition, as well as to purchase treasury shares with a view to medium and long-term investment term.
As at 31 July, Brembo held 10,035,000 ordinary shares equal to 3.005% of the share capital, which, added to the maximum number of shares that can be purchased under this programme, is equal to 5.401% of the Company’s share capital. The subsidiaries do not hold Brembo ordinary shares.
In Piazza Affari, today, a new bullish cue for Brembowhich earns well and takes home a +2.72%.