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Poste Italiane starts a share buyback programme

Rome, 1 Feb 2019 21:43

Poste Italiane S.p.A. (“Poste Italiane”), announces the launch today of a share buy-back programme which will take place, starting from 4 February 2019, in accordance and within the authorization granted by Poste Italiane’s shareholders’ meeting resolution dated 29 May 2018 and publicly available.
 
Purchase of the shares will take place directly, in compliance with the applicable laws and the above mentioned Shareholders’ resolution.
 
The buy-back programme’s purpose is constituting a share warehouse (“magazzino titoli“) for an amount up to €50m, equal to approximately 7 million shares or less than 1% of Poste Italiane’s share capital, also for the purposes of meeting potential obligations arising from employees’ incentive schemes.
 
Possible share purchases will be made on the Automated Trading Market pursuant to art. 144-bis, paragraph 1, of Consob regulation no. 11971/1999 made so as to ensure parity in the treatment of all Shareholders, as provided by art. 132 of Legislative Decree 58/98, and on regulated trading venues with the methods and operational procedures as governed by Borsa Italiana S.p.A. regulations.
 
Poste Italiane will inform the market of transactions carried out as part of the programme within the timeframes required by the relevant regulations.
 
At present, Poste Italiane does not hold own shares, either directly or through subsidiaries.
 
 
 
 
For more information:
 
Poste Italiane S.p.A Investor Relations
Tel. +39 0659584716
Mail:  investor.relations@posteitaliane.it
 
Poste Italiane S.p.A.  Media Relations
Tel. +39 0659582097
Mail:  ufficiostampa@posteitaliane.it
 

© Poste Italiane 2019 - VAT registration number: 01114601006

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