SICIT Group launches a purchase of its own shares programme in execution of the resolution approved by the ordinary Shareholders’ Meeting held on 1 March 2019, as a useful strategic investment opportunity for any purpose permitted by current legislation and, in particular, with the aim of providing the Company with a stock of own shares in view of the possible future incentive plans in favour of employees and/or directors of the Company and/or as payment, also for the exchange of shareholdings with other parties, as part of transactions in the interest of the Company, it being understood that the Company reserves the right to assign the shares in its portfolio for other purposes permitted by current legislation, according to its own interest.

The purchase of shares operations to implement the programme will take place in compliance with the equal treatment of shareholders, according to and within the operating limits provided by the above-mentioned resolution, by art. 5 of the European regulation no. 596/2014 (the so-called MAR) and, in general, by the applicable general and sectoral legislation, specifically:

  • the purchases will concern a maximum total of 300,000 ordinary shares of the Company, with no indication of their nominal value, for a maximum equivalent of € 3,000,000;
  • the purchases will be made at a price that is not higher than the highest between the price of the last independent transaction and the price of the highest current independent offer on the trading venues where the purchase is made, it being understood that the unit price may not be lower by a minimum of 20% and higher by a maximum of 10% compared to the arithmetic average of the official prices recorded by the SICIT Group S.p.A. share in the 10 trading days prior to each individual purchase transaction;
  • purchases will be made for volumes not exceeding 25% of the average daily volume of SICIT Group S.p.A. shares on the trading venue where the purchase is made, calculated on the basis of the average daily volume of trading in the 20 trading days prior to the date of purchase;
  • the purchase programme will start on 1 July 2019 and last until 1 September 2020.