EXOR N.V. (“the Company”) communicates its intention to restart and complete the share buyback program announced on 14 November 2018 (“the Program”).
The Program involved the repurchase of up to €300 million of ordinary shares, of which to date EXOR has acquired 4,878,332 ordinary shares for a total consideration of approximately €269 million, with the last purchase having been made on 9 August 2019.
The completion of this Program will be conducted in the framework of the resolution adopted by the Annual General Meeting of Shareholders (“AGM”) held on 20 May 2020. The repurchases, intended to optimize the Company’s capital structure, will be made from time to time at the sole discretion of the Company until the AGM authorization expires, in accordance with applicable laws and regulations.
As of today, the Company holds 9,388,215 ordinary shares in treasury.