Cloudia Research

Transaction in Own Shares • Nov 22, 2024

THE BOARD OF DIRECTORS OF CLOUDIA RESEARCH APPROVES THE NEW SHARE BUYBACK PLAN

Milan, 22 November 2024. The Board of Directors of Cloudia Research S.p.A., Innovative SME active in the digital transformation sector with a specialised offering in the areas of ERP (Enterprise Resource Planning), Cloud and AI ('Cloudia Research' or the 'Company'), listed on Euronext Growth Milan, met today under the chairmanship of Marcantonio Angelo Merafina, resolved to authorise buy and sell transactions on treasury shares by the Company, within the limits of what has already been resolved by the Shareholders' Meeting, and to initiate the related programme, granting powers to the Director to finalise the assignment to the intermediary authorised for such transactions.

Launch of the share buyback plan

The Board of Directors, by virtue of the authorisation granted by the shareholders' meeting of 4 December 2023, approved the launch of a new share buyback programme for a maximum number of 500,000 shares and for a period not exceeding 18 months from the shareholders' authorisation.

The execution of the share buyback programme may enable the Company to acquire a stock of treasury shares at its disposal for:

(i) build up a so-called "stock" of securities in accordance with current market practices;

(ii) support the liquidity of the stock on the market so as to favour the regular conduct of trading in accordance with current market practices identified by the Supervisory Authority;

(iii) to purchase treasury shares from the beneficiaries of any stock option plans resolved by the competent corporate bodies;

(iv) permit the use of treasury shares in the context of stock option and stock grant plans, as well as in the context of transactions related to ordinary operations or projects consistent with the strategic guidelines that the Company intends to pursue.

The purchase of treasury shares may not take place at a unit price higher or lower than 20% compared to the reference price recorded by the share during the stock exchange session prior to each individual transaction and, in any case, may not exceed the limits of distributable profits and/or available reserves as resulting from the latest financial statements, including interim ones, duly approved at the time the transaction is carried out.

To initiate the plan to purchase treasury shares, the Board of Directors delegated Marcantonio Angelo Merafina to promptly finalise the assignment to the independent intermediary LEONARDO CAPITAL SIM S.P.A. authorised for such transactions.

The press release is available on the Company's website www.cloudiaresearch.com, Investor Relations/Press releases section.

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Contacts

Investor Relator Euronext Growth Advisor Rocco Alvaro illimity Bank S.p.A Via Ettore Ciccotti 3, 20161 Milan Via Soperga 9, 20124 Milan +393440204784 +390282849699 investor.relator@cloudiaresearch.com cloudiaresearch@illimity.com

Corso Venezia 16, 20121 Milan Via Valparaiso 3,20144 Milan +390230561270 +3902438114200

Specialist Investor Media Relations

MIT Sim S.p.A. Twister Communications Group investor.relations@mitsim.it Lucia Saluzzi cloudia@twistergroup.it