The authorisation gives the Company the power, which it can exercise at a suitable time, to acquire a portfolio of treasury shares which may also be used to service any share incentive plans. This authorisation also ensures that the Company has the power to take advantage of any strategic investment opportunities, as permitted by current legislation, and always with the objective of yielding value to shareholders.
Purchases will be made on one or more occasions according to provisions of articles 132 of Legislative Decree 58/1998 and 144 bis of CONSOB regulation no. 11971 of 14 May 1999 and, in any case, in any other way permitted by law and regulations, including those of the E.U., on the subject.
The Company does not currently hold any treasury shares.
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