eVISO: mode of execution of the Buyback plan.

Home    /    Investor Relations    /    Press relases    /    eVISO: mode of execution of the Buyback plan.

20 March 2023

Saluzzo (CN), March 20, 2023 – eVISO S.p.A. (symbol: EVS.MI) – digital company, listed on the EGM, with a proprietary artificial intelligence infrastructure operating in the commodities sector (light, gas, apples) – announces that on March 16, 2023, a contract was signed with Mit Sim S.p.A. for the execution of the buyback plan in accordance with current regulations, in particular with the provisions of Article 132 of Legislative Decree No. 58 of February 24, 1998, and Article 144-bis of the Regulations approved by Consob Resolution No. 11971 of May 14, 1999, as amended and supplemented, with the operating procedures established by the Regulations of the markets organized and managed by Borsa Italiana S.p.A.

The limits on trading in treasury shares are established by the resolution of the Company’s Shareholders’ Meeting of October 27, 2022 as well as the resolution of the Board of Directors of February 15, 2023.

Mit Sim will operate on the basis of the following constraints:

  • maximum amount of ordinary shares: 10% of the Company’s share capital;
  • duration of the buyback: the buyback starts on March 21, 2023 (inclusive) and its duration is parameterized to the maximum duration of the program (18 months from the Shareholders’ Meeting).

In addition, as already communicated to the market on February 15, 2023, the purchases shall be carried out in compliance with the price limits indicated by the pro-tempore legislation, including regulations, in force:

  • at a price that does not deviate downward or upward by more than 20 percent from the reference price recorded by the stock on the stock exchange session on the day preceding each individual transaction, and in any case
  • at a price that is no higher than the higher of the price of the last independent transaction and the price of the highest current independent bid on the trading venue where the purchase is made.

In accordance with the provisions of EU Delegated Regulation No. 1052/2016, the number of shares purchased on a daily basis may not exceed 25% of the average daily volume traded, calculated on the basis of the average daily trading volume in the 20 trading days preceding each purchase date subject to exceptional cases provided for by statutory or regulatory provisions or otherwise by CONSOB accepted practices.


Share on