(Finance) – EQUITA Group announced that today, 9 November 2023, the Company’s Board of Directors has resolved thestart of the first tranche of the share buyback programme for a maximum number of 300,000 shares and for a maximum equivalent value total equal to 1,260,000 euros.
The First Tranche of the Buyback has the purpose of providing the Company with own shares to implement incentive plans or programs based on financial instruments (stock options, stock grants, performance shares, instruments convertible into Company shares, etc.), for consideration or free, in favor of employees and/or collaborators and assign shares to incentivize, retain and/or attract employees, collaborators, company representatives and new professionals.
The duration will be from 9 November 2023 to 20 October 2024, the date on which the 18 months from the approval of the Shareholders’ Meeting will expire. The purchase of shares may however be partially implemented, interrupted and/or revoked at any time.
As of November 9, EQUITA holds 3,202,427 own shares, equal to approximately 6.2% of the share capital.
In Piazza Affari, today, a small step forward for the Italian investment bank which brings home a shy +1.4%.