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Sabaf

Transaction in Own Shares Nov 9, 2020

4440_rns_2020-11-09_a58108ae-2357-487f-a627-ca528375c84a.pdf

Transaction in Own Shares

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Informazione
Regolamentata n.
0226-149-2020
Data/Ora Ricezione
09 Novembre 2020
08:50:29
MTA - Star
Societa' : SABAF
Identificativo
Informazione
Regolamentata
: 138930
Nome utilizzatore : SABAFN03 - Beschi
Tipologia : 2.4
Data/Ora Ricezione : 09 Novembre 2020 08:50:29
Data/Ora Inizio
Diffusione presunta
: 09 Novembre 2020 08:50:30
Oggetto : programme Update on the execution of the buy-back
Testo del comunicato

Vedi allegato.

Press release Ospitaletto (BS), 9 November 2020

Update on the execution of the buy-back programme

With reference to the buy-back programme approved by the shareholders on 7 May 2019 and 4 May 2020, and launched on 28 January 2020, Sabaf S.p.A. informs that in the period between 2 November 2020 and 6 November 2020 acquired no. 2,129 treasury shares at an average unit price of € 12.3389 per share, for a total amount of € 26,269.43.

Details of the transactions on a daily basis:

Date Number of
shares
purchased
Average price per share
(EUR)
Countervalue
(EUR)
2 November 2020 275 12.1591 3,343.75
3 November 2020 463 12.4144 5,747.87
4 November 2020 644 12.2036 7,859.12
5 November 2020 594 12.4899 7,419.00
6 November 2020 153 12.4163 1,899.69
Total 2,129 12.3389 26,269.43

Following to such operations Sabaf ended the programme started on 28 January 2020 to service the 2018- 2022 Stock Grant Plan approved by the Shareholders' Meeting of 8 May 2018.

Under this programme have been acquired n. 176,873 treasury shares and Sabaf owns, as at 6 November 2020, no. 346,748 treasury shares, amounting to 3.006% of the share capital.

For further information:
Investor Relations Media relations
Gianluca Beschi Maria Giardini +39 340 5104775
tel. +39 030 6843236 [email protected]
[email protected] Arnaldo Ragozzino + 39 335 6978581
www.sabaf.it [email protected]

Founded in the early fifties, SABAF has grown consistently over the years to become one of the leading producers in the world – of components for household appliances.

There are three main lines of production: components for gas cooking (valves and burners), hinges and electronic components.

Technological expertise, manufacturing flexibility, and the ability to offer a vast range of components – tailor-made to meet the requirements of individual manufacturers of cookers and built-in hobs and ovens and in line with the specific characteristics of its core markets – are Sabaf's key strengths in a sector featuring major specialisation, constantly evolving demand and an ever-increasing orientation towards products assuring total reliability and safety.

The Sabaf Group has more than 1,200 employees. It operates through its parent company SABAF S.p.A. and the subsidiaries Sabaf do Brasil, Sabaf Turkey and Sabaf China, active in the production of domestic burners, A.R.C., which produces burners for professional cooking, and Faringosi Hinges and C.M.I., leader in the production of oven hinges and dishwashers and Okida, active in the sector of electronic components for household appliances.

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