UPDATE ON THE SHARE BUYBUCK PROGRAM IN SERVICE OF FINCANTIERI’S “PERFORMANCE SHARE PLAN 2016 – 2018”
07 November 2017
Trieste, 7 November 2017 – FINCANTIERI S.p.A. (hereafter also “Fincantieri” or “the Company”) announces that it purchased on the Borsa Italiana, Bats, Chi-X and Turquoise trading venues through Exane BNP Paribas, in the period between 30 October 2017 and 3 November 2017, a total of 1,201,615 ordinary shares, equal to approximately 0.07% of the total number of shares representing the share capital. Shares were purchased at an average price of Euro 1.0643 per share, for a total consideration of Euro 1,278,924.47.
The purchases were carried out as part of the share buyback program authorized by the Shareholders’ Meeting resolution of 19 May 2017, whose launch was made public on 25 October 2017.
Details of all the purchase operations effected between 30 October 2017 and 3 November 2017 may be found in the attachment to this press release.
For additional clarity, aggregate information on daily purchases may be found here below:
Date |
Number of ordinary shares purchased |
Average Price (Euro) |
Total consideration (Euro) |
30-oct-17 |
292,950 |
1.0144 |
297,168.48 |
31-oct-17 |
339,720 |
1.0675 |
362,651.10 |
01-nov-17 |
188,270 |
1.0962 |
206,381.57 |
02-nov-17 |
189,710 |
1.0878 |
206,366.54 |
03-nov-17 |
190,965 |
1.0806 |
206,356.78 |
Total |
1,201,615 |
1.0643 |
1,278,924.47 |
Following the above mentioned purchases, as of 3 November 2017, the Company holds 1,201,615 ordinary shares, equal to approximately 0.07% of the total number of shares representing the share capital.