Transaction in Own Shares • Jul 19, 2023
Transaction in Own Shares
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Milan, July 19, 2023 - AbitareIn S.p.A. (the "Company"), a leading Milan-based residential development company, announces that today the Board of Directors approved the launch of the plan for the purchase and disposal of treasury shares (the "Buy-Back Plan"), in accordance with the authorization resolved by the ordinary shareholders' meeting held on July 14, 2023.
The share purchases under the Buy-Back Plan will be carried out in accordance with the operational methods and limits provided for in the aforementioned shareholders' resolution, Article 5 of EU Regulation 596/2014, Article 3 of Delegated Regulation (EU) No. 1052/2016 of the European Commission dated March 8, 2016, and the applicable general and sector-specific regulations. Specifically:
paragraph 1, of the Italian Civil Code, and for a maximum consideration established at EUR 20,000,000.00.
It should be noted that as of today, the Company does not hold any treasury shares.
The Buy-Back Plan will be coordinated by Intermonte S.p.A., as the authorized intermediary, which will carry out the purchases independently and in compliance with the constraints arising from applicable regulations, as well as within the limits set by the corporate bodies' resolutions.
The share purchases made will be subject to market disclosure in accordance with the current regulatory provisions.
Any subsequent changes to the aforementioned Buy-Back Plan will be promptly communicated by the Company.
AbitareIn S.p.A. represents innovation and a paradigm shift in the residential development sector, driven by its democratic vision of living that combines urban regeneration, affordability and the needs of today's families.
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Efficiency, industrialisation and the creation of an identity brand are the foundations of a continuous and sustainable growth of the business model that focuses on the person and the home as an "aspirational" consumer product.
AbitareIn is thus committed to renovating the city's disused building stock and reviving its urban fabric, investing in projects of great aesthetic, environmental and social value and dedicating itself to responsible, far-sighted action; aware first and foremost of the essential nature of its new role as #stilistiurbani. The company has been listed on the Euronext Growth Milan of Borsa Italiana since April 2016. From 1 March 2021 it has been listed on the Euronext STAR Milan (ticker: ABT.MI).
Alphanumeric code of the shares: ABT ISIN: IT0005445280
Investor Relations Abitare In Eleonora Reni [email protected] Press Office Barabino&Partners Federico Vercellino – 331.57.45.171 [email protected] Alice Corbetta – 340.45.57.565 [email protected]
Registered office: Via degli Olivetani 10/12, 20123 Milan – Operating Headquarters: Viale Umbria 32, 20135 Milan Company listed on Euronext Milan, Euronext STAR Milan segment (ticker ABT.MI) - VAT no. 09281610965 - Tel. +39 / 02 - 67 02 550 [email protected] – [email protected] Share capital Euro € 132,654.06 fully paid in – Share premium reserve: Euro 40,827,659
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