Maire S.p.A., a prominent company actively engaged in the stock market, has recently made a significant move in its treasury share buyback program. This strategic initiative falls under the regulatory framework outlined in the Commission Delegated Regulation (EU) no. 596/2014, commonly known as the “MAR.” The program, unveiled to the public on 4th March 2025 and officially initiated on 5th March 2025, focuses on acquiring a maximum of 7,700,000 ordinary shares. These shares are specifically earmarked for various long-term incentive plans, including those spanning from 2021 to 2023, 2022 to 2024, and 2023 to 2025, among others.

In a recent development, Maire S.p.A. has disclosed the acquisition of 321,310 treasury shares on the Euronext Milan Market (EXM) overseen by Borsa Italiana S.p.A. This transaction, carried out between 5th March 2025 and 6th March 2025, represents approximately 0.098% of the total ordinary shares available. The shares were procured at an average price of Euro 8.507, amounting to a total value of Euro 2,733,457.75. This move aligns with the guidelines stipulated in the Commission Delegated Regulation (EU) 1052/2016, enacted on 8th March 2016, which governs such buyback activities.

The execution of these acquisitions was facilitated by Intesa Sanpaolo S.p.A., the authorized intermediary entrusted with overseeing the buyback process as detailed in the company’s official announcement. Notably, the company has diligently documented the daily operations associated with this buyback initiative, adhering to the transparency standards mandated by the regulatory framework. This information, inclusive of a comprehensive breakdown of the daily transactions during the aforementioned period, is not only formally disclosed via press releases but is also made available on Maire S.p.A.’s official website for the public’s scrutiny.

As of the latest update, Maire S.p.A. now holds a total of 507,460 treasury shares in its possession. This strategic maneuver underscores the company’s commitment to optimizing its capital structure and enhancing shareholder value. Such meticulous management of treasury shares reflects Maire S.p.A.’s proactive approach to leveraging financial instruments in line with its overarching business objectives and shareholder interests. This acquisition marks a pivotal moment in the company’s financial trajectory, signaling a strategic step towards fortifying its market position and fostering sustainable growth in the competitive landscape of Borsa Italiana.