On 8 March 2022 Exor announced a share buyback program involving the repurchase from time to time of up to €500 million of ordinary shares by 2024.
On the same date, Exor commenced the repurchase of up to €100mn of ordinary shares, as the first tranche of the Program, to be executed on the Mercato Telematico Azionario managed by Borsa Italiana through a non-discretionary buyback agreement with a primary financial institution. The primary financial institution will make its trading decisions independently of and uninfluenced by Exor. The shares that are being repurchased will be cancelled.
The Program will be conducted in the framework of the resolution adopted by the Annual General Meeting of Shareholders held on 27 May 2021 or the resolution adopted by the AGM in place at the time of the announcement of the execution of each tranche.
Press Releases: periodic report
On 14 November 2018 Exor 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.