Dovalue

Transaction in Own Shares • Jun 18, 2021

Informazione Regolamentata n. 1967-40-2021		Data/Ora Ricezione 18 Giugno 2021 07:34:43	MTA
Societa'	:	doValue S.p.A.
Identificativo Informazione Regolamentata	:	148865
Nome utilizzatore	:	DOVALUEN05 - Franchi
Tipologia	:	3.1
Data/Ora Ricezione	:	18 Giugno 2021 07:34:43
Data/Ora Inizio Diffusione presunta	:	18 Giugno 2021 07:50:02
Oggetto	:	DOVALUE LAUNCHES A SHARE BUYBACK PROGRAM SERVING ITS MANAGEMENT INCENTIVE PLANS
Testo del comunicato

Vedi allegato.

Press Release

DOVALUE LAUNCHES A SHARE BUYBACK PROGRAM SERVING ITS MANAGEMENT INCENTIVE PLANS

• The number of treasury shares to be purchased under the program is equal to 500,000, equivalent to approximately 0.625% of doValue's share capital

Rome, June 18 th, 2021 – The Board of Directors of doValue S.p.A. ("doValue"), implementing the authorization granted by the Shareholders' Meeting of April 29th , 2021 and in compliance with the relevant terms already disclosed to the market, approved the launch of a share buyback program (the "Program") subject to conditions provided by the financial covenants of the financial facilities in place.

Here below we outline the details of the Program pursuant to art. 144-bis, paragraph 3, of the CONSOB Regulation adopted by Resolution No. 11971/1999 (the "Issuers Regulation") and art. 2, paragraph 1, of the Delegated Regulation (EU) 2016/1052 (the "MAR Delegated Regulation"). The Program will be executed using the safe harbor pursuant to Article 5 of Regulation (EU) No 596/2014 (the "MAR").

Purpose of the Program

The purpose of the Program is to serve the remuneration and incentive plans in place, intended for the management of doValue and/or of its subsidiaries pursuant to Article 2359 of the Civil Code ("Incentive Plans"), also approved by the Shareholders' Meeting of April 29th , 2021 and previous Shareholders' Meetings.

Maximum number of treasury shares and maximum disbursement

The Program will have a maximum number of shares of 500,000 to be acquired, equivalent to approximately 0.625% of the share capital of doValue.

Taking into account the closing price of doValue shares as of June 16th , 2021 on the Mercato Telematico Azionario organized and managed by Borsa Italiana S.p.A. ("MTA"), equal to Euro 10.00, the potential disbursement related to the execution of the Program is estimated at Euro 5 million.

Duration

The Program will run from July 1 st , 2021 to December 31st , 2021.

Minimum and maximum consideration and number of shares purchased

Purchases of treasury shares will be made on price terms in accordance with the provisions of art. 3, paragraph 2, of the MAR Delegated Regulation. In particular, the purchase price of the shares shall be no more than 15% lower or higher than the reference price of doValue's shares on the MTA in the trading day preceding each individual transaction and, in any case, shall not exceed the higher between the price of the last independent trade and the highest current independent purchase bid on the MTA.

Moreover, the daily volume of purchases shall not exceed 25% of the average daily volume of doValue shares traded on the MTA during the 20 trading days preceding the date of purchase.

Operating modes

In order to implement the Program, doValue will make use of an authorized intermediary who will make decisions on purchases, also in relation to their timing, in full independence, and in compliance with daily price and volume limits consistent both with the authorization granted by the Shareholders' Meeting of April 29th , 2021 and the provisions of Article 5 of the MAR and art. 3 of MAR Delegated Regulation.

The purchases will be made on the MTA, to ensure equal treatment among shareholders, pursuant to art. 144-bis, paragraph 1, letter b) of the Issuers Regulation, and in accordance with the provisions of the aforementioned MAR and article 3 of MAR Delegated Regulation.

The transactions carried out under the Program will be reported to Consob and disclosed to the market, in detailed and aggregated form, within the terms and conditions set forth in art. 2 of the Delegated Regulation (EU) 2016/1052.

As of today, doValue holds 472,338 treasury shares.

doValue, formerly doBank S.p.A., is the leading operator in Southern Europe in credit management and real estate services for banks and investors. Present in Italy, Spain, Portugal, Greece and Cyprus, doValue has over 21 years of experience in the sector and manages assets for approximately Euro 160 billion (Gross Book Value) with over 3,200 employees and an integrated offer of services: special servicing of NPLs, UTP, Early Arrears, and performing positions, real estate servicing, master servicing, data processing and other ancillary services for credit management.

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doValue is listed on the Electronic Stock Market managed by Borsa Italiana S.p.A. and, including the acquisition of Altamira Asset Management and doValue Greece, recorded in 2020 gross revenues of approximately €418 million and an EBITDA excluding non-recurring items of €125 million.

Contacts

Image Building Investor Relations – doValue S.p.A. Simona Raffaelli for lucia saluzzi investorrelations@dovalue.it dovalue@imagebuilding. en 06 47979154