El.En.

Transaction in Own Shares • Mar 21, 2022

Informazione Regolamentata n. 0481-14-2022		Data/Ora Ricezione 21 Marzo 2022 14:36:03	Euronext Star Milan
Societa'	:	El.En.
Identificativo Informazione Regolamentata	:	158850
Nome utilizzatore	:	ELENN01 - Romagnoli
Tipologia	:	REGEM; 3.1
Data/Ora Ricezione	:	21 Marzo 2022 14:36:03
Data/Ora Inizio Diffusione presunta	:	21 Marzo 2022 14:36:05
Oggetto	:	EL.EN. BUY BACK PROGRAM
Testo del comunicato

Vedi allegato.

3.1 REGEM

Press release

EL.EN. BUY BACK PROGRAM

Florence March 22, 2022 - El.En. SpA, leader on the laser market, listed on the STAR segment of the Italian Stock Exchange, announces it is launching today the share purchase program authorized by the Shareholders' Meeting held on April 27th, 2021, according to the terms already disclosed to the market with a press release issued on the same date.

In execution of the aforementioned shareholders' resolution, starting from the 21st of March 2022 and until the 26th October 2022, a first part of the buy-back plan will be launched, for the purchase of up to 100.000 ordinary shares (equal to approximately 0.12% of the subscribed and paid-up share capital) for a maximum value of 2.000.000,00 euro.

The purchase of treasury stock pursues the following purposes:

a) allow the assignment of shares to employees and / or collaborators and / or members of the governance bodies of the company or its subsidiaries through incentive plans compliant with the remuneration policy approved by the company's shareholders' meeting; and

b) provide an operational tool for the pursuit of the Company's strategic guidelines (e.g. using treasury stock as consideration, including the case of the exchange of securities, for the purchase of interest or the acquisition of other companies), upon market conditions that make such transactions economically and financially appropriate.

The plan will be implemented in the form and within the terms approved by the Shareholders' Meeting of the 27th of April 2022. For any information, please refer to the minutes of the Shareholders' Meeting and the related explanatory report of the Board of Directors available on the website www.elengroup.com section "Investor Relations / governance / shareholders 'meeting documents / 2021 / ORDINARY SHAREHOLDERS' MEETING APRIL 27, 2021 - MAY 4, 2021".

For the implementation of the first part of the plan for the purchase of own shares, El.En. appointed Intermonte SIM S.p.A. as a specialized intermediary who will adopt decisions regarding purchases in full independence, also in relation to the timing of the transactions, in compliance with the parameters and criteria defined in the contract, as well as the applicable legislation and the aforementioned shareholders' resolution.

Furthermore, the purchases will be made in accordance with art. 144-bis, paragraph 1, of the CONSOB Issuers' Regulation no. 11971/1999. In particular, purchases on the market will be made according to the procedures established by Borsa Italiana S.p.A. that do not allow direct matching of purchase negotiation proposals with predetermined sale negotiation proposals and, in any case, in compliance with the additional legal and regulatory provisions applicable to this kind of transaction.

El.En., an Italian company, is the parent of a high-.tech industrial group operating in the optoelectronics sector. Based on proprietary technology and multidisciplinary know-how, the El.En Group manufactures laser sources (gas, semiconductor, solid-state and liquid) and innovative laser systems for medical and industrial applications. The El.En. Group is the laser market leader in Italy and among the top operators in Europe. It designs, manufactures and sells worldwide:

- Medical laser equipment used in dermatology, cosmetics, physiotherapy, dentistry and gynecology;

- Industrial laser systems for applications ranging from cutting, marking and welding metals, wood, plastic and glass to decorating leather and textiles and restoring/conserving artwork;

- Laser systems for scientific research

EL.EN. has been listed on the EURONEXT STAR MILAN (STAR) of Borsa Italiana. Its market capitalization amounts to Euro 1.1 billion of euro.

Cod. ISIN: IT0005453250 Code: ELN Listed on Euronext STAR Milan ("STAR") Mkt cap.: 1.1 billion of euro Cod. Reuters: ELN.MI Cod. Bloomberg: ELN IM

For further information:

El.En S.p.A. Investor Relator Enrico ROMAGNOLI - finance@elen.it Tel. +39 055 8826807

Polytems HIR

Financial Communication, IR and Press Office Bianca FERSINI MASTELLONI - b.fersini@polytemshir.it Paolo SANTAGOSTINO - p.santagostino@polytemshir.it Silvia MARONGIU - s.marongiu@polytemshir.it Tel. +39 06-69923324