Press release
20 June 2018
Report on the purchase of treasury shares
Rome, 20 June 2018 – ENAV announces that, as part of the share buyback program authorized by the Shareholders’ Meeting held on 27 April 2018, it has purchased 206,955 of the Company’s ordinary shares (approximately 0.0382% of the share capital) on the Italian Stock Exchange (M.T.A.), in the period between 11 June 2018 and 15 June 2018, at an average price of EUR 4.110545 per share, net of commission. The total purchase price was around EUR 850,697.77.
As previously communicated, the objective of the share buy-back program is to purchase ENAV S.p.A. ordinary shares that will be allocated to service the long-term management incentive plan approved by the Shareholders’ Meeting.
Details of the daily transactions are shown below:
|
Date |
No. of ordinary shares acquired |
Average price per share (EUR) |
Purchase price (EUR) |
|
06/11/2018 |
56,000 |
4.07904 |
228,426.24 |
|
06/12/2018 |
130,000 |
4.11585 |
535,060.50 |
|
06/13/2018 |
10,000 |
4.13755 |
41,375.50 |
|
06/14/2018 |
5,100 |
4.16929 |
21,263.38 |
|
06/15/2018 |
5,855 |
4.19678 |
24,572.15 |
|
Total |
206,955 |
4.110545 |
850,697.77 |
Following the above mentioned acquisitions, ENAV currently holds 206,955 treasury shares, equal to approximately 0.0382% of its share capital.