(Finance) – Sabafin execution of the shareholders’ meeting resolution of 6 May 2021, communicated thelaunch of a share buyback program.
The Buyback Plan will be implemented to service extraordinary transactions as envisaged by the aforementioned shareholders’ resolution.
The deeds of purchase will be made, even in part and / or fractionally, for a total outlay up to maximum Of 5,400,000 euros and, in any case, not superior to 200,000 ordinary shares (equal to 1.734% of the share capital). Furthermore, the number of shares to be purchased daily cannot exceed 25% of the average daily volume traded, calculated on the basis of the average daily volume of trades in the 20 trading days preceding each purchase date.
The purchases will start in the week of April 4, 2022 and are expected to end by November 5, 2022. The purchase price cannot be more than 10% higher than the average of the official prices that the Sabaf share will have recorded in the five sessions of Exchange prior to the completion of each individual purchase transaction.
Sabaf has given Equita SIM a mandate to coordinate and execute the Buyback Plan and take the negotiation decisions relating to the program, with discretion and in full independence.
The program can be executed even only partially and its execution can be modified or revoked at any time and at the same time communicated to the market.
As of April 1, 2022, Sabaf holds 311,802 treasury shares in its portfolio, equal to 2.703% of the share capital and the subsidiaries do not hold any shares of the Group.
In Piazza Affari, today, marked rise for the manufacturer of components for household gas cooking appliances which stores the session in profit of 1.79% on previous values.