Italmobiliare S p A : Launch of the buy-back program

About this update from Italmobiliare S.p.a.

PRESS RELEASE LAUNCH OF THE BUY-BACK PROGRAM Milan, March 11, 2026 - Italmobiliare S.p.A. (Italmobiliare or the Company) announces, pursuant to art. 144-bis of the CONSOB Issuers' Regulation adopted with the Resolution n. 11971/1999 (the Issuers' Regulation), the launch, on March 16th, 2026, of a treasury share buyback program (the Program). The Program will be implemented in execution of and according to the resolution of the Shareholders' Meeting of April 17, 2025, in compliance with the current regulation, also in consideration of the recent context related to the capital markets and, by extension, to the relative performance of Italmobiliare shares. Purpose The purpose of the Program is to create a stock of treasury shares that, inter alia and if the conditions occur, can be used to replace or supplement financial resources for the execution of any extraordinary financial transactions such as, for example, the exchange of equity investments or possible acquisitions. In the event of completion of the Program up to the maximum limit of shares mentioned below, Italmobiliare would hold a total of 727,975 shares or 1.713% of the share capital. Should there not be adequate opportunities for their utilization in the medium term, Italmobiliare reserves the right to allocate (in whole or in part) the treasury shares held for possible cancellation, within the terms and according to the procedures provided for by the law, subject to the resolution of the competent corporate bodies. Minimum and maximum consideration The purchases shall take place - in compliance with the conditions set forth in Article 3 of Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 and further applicable rules -at a unit price not exceeding the highest price between the price of the last independent transaction and the price of the highest current independent bid on the electronic share market organized and managed by Borsa Italiana (Euronext STAR Milan) and it being understood that the aforesaid consideration may not in any case be lower in the minimum and higher in the maximum by 15% (fifteen per cent) than the reference price that the Italmobiliare share recorded in the stock exchange session on the day preceding each single transaction. The number of shares to be purchased daily may not exceed 25% of the average daily trading volume, calculated based on the average daily ...

View stock analysis, news, and events for Italmobiliare S.p.a.