Italian Design Brands S.p.A. (BIT:IDB) commences share repurchases on December 18, 2023, under the program mandated by shareholders in the Annual General Meeting held on November 16, 2023. As per the mandate, the company is authorized to repurchase up to 2,000,000 shares, representing 7.43% of its share capital. The shares should be repurchased such that the holding of its own shares do not increase more than 20% of its share capital. The price to be paid for repurchase should not be less than the official trading price of the day preceding the day on which the purchase transaction is to be carried out, decreased by 20%, and not more than the official trading price of the day preceding the day on which the purchase transaction is to be carried out, increased by 10%. The purpose of the program is to have a portfolio of treasury shares to be used for transactions consistent with the company's strategic development lines with a view to or as part of agreements with strategic partners, including, but not limited to, transactions involving the alienation and/or exchange, swap, exchange, contribution, disposal or other act that includes the use of treasury shares for the acquisition or disposal of equity interests or share packages or other extraordinary finance transactions and to use treasury shares to support market liquidity, so as to facilitate trading in the securities themselves at times of low liquidity in the market and facilitate smooth trading. The program will be valid for 18 months. As of October 11, 2023, the company had 26,926,298 issued and 0 treasury shares.

On December 6, 2023, the company announced a share repurchase program. Under the program, the company will repurchase up to ?2 million worth of its shares. The program will commence from December 18, 2023, and will be valid till March 31, 2024. As of December 6, 2023, the company had no shares in treasury.