UPDATE ON THE CONCLUSION OF THE SHARE BUYBUCK PROGRAM IN CONNECTION WITH FINCANTIERI’S “PERFORMANCE SHARE PLAN 2016 – 2018”
04 December 2017
Trieste, 4 December 2017 – FINCANTIERI S.p.A. (hereafter also “Fincantieri” or “the Company”) announces that in the period between 27 November and 30 November 2017 purchased on the Borsa Italiana, Bats, Chi-X and Turquoise trading venues through Exane BNP Paribas a total of 535,930 ordinary shares, equal to approximately 0.03% of the total number of shares issued. The shares were purchased at an average price of Euro 1.1972 per share, for a total consideration of Euro 641,615.30.
The Company also announces the conclusion of the share buyback program for 4,706,890 ordinary shares, equal to 0.28% of the issued share capital, announced on 25 October 2017 in accordance with the resolution approved at the Company’s General Meeting of Stockholders on 19 May 2017,
Details of all the purchase transactions carried out between 27 November and 30 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) |
27-nov-17 |
134,080 |
1.1964 |
160,406.86 |
28-nov-17 |
134,630 |
1.1914 |
160,403.26 |
29-nov-17 |
133,790 |
1.1989 |
160,403.22 |
30-nov-17 |
133,430 |
1.2021 |
160,401.97 |
Total |
535,930 |
1.1972 |
641,615.30 |
Following the above mentioned purchases, considering the shares already held, as of 27 November 2017, the Company holds a total of 4,706,890 ordinary shares, equal to approximately 0.28% of the total number of shares issued.