The resolution adopted by the Shareholders’ Meeting held on 27 May 2021 has granted the Board of Directors the authority to acquire common shares in the capital of the Company up to €500 million for a period of 18 months starting from the date of the AGM.
No buyback program is currently in place.
2018-2020 Buyback program
On 14 November 2018 the Company announced a share buyback program involving the repurchase from time to time of up to €300 million of ordinary shares, intended to optimize the Company’s capital structure.
Since the start of the program, Exor acquired 5,483,361 ordinary shares (2.28% of the issued share capital) for a total consideration of approximately €297 million. The share buyback program was completed on 6 November 2020.