CIR S.P.A. - COMPAGNIE INDUSTRIALI RIUNITE CIR S.p.A. - Compagnie Industriali Riunite (BIT:CIR) announces a share repurchase program. Under the program, the company will repurchase up to 10,206,807 common shares, representing 5% of its issued share capital for €17 million. The purchase price must not be more than 15% higher or lower than the benchmark price recorded by the CIR share in the Euronext Milan session, organized and managed by Borsa Italiana S.p.A., on the day preceding the completion of each single purchase and, in any case, the price must not be higher than the higher of the last independent transaction and the highest current independent bid price in the same market.
The program will expire on October 30, 2022. As of March 10, 2022, the company had 179,424,975 of its own shares in treasury.
