Press release
11 October 2018
Report on the purchase of treasury shares
Rome, 11 October 2018 – ENAV announces that, as part of the share buyback program authorized by the Shareholders’ Meeting held on 27 April 2018, from October 4 to 10, 2018 it has purchased 197,377 ordinary shares of the Company on the Italian Stock Exchange (M.T.A.) at an average price of EUR 4.07890 per share, net of commission. The total purchase price paid was EUR 805,080.33.
As previously communicated, the objective of the share buy-back program is to purchase ENAV SpA 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 |
Net average price per share (EUR) |
Net purchase price paid (EUR) |
|
10/04/2018 |
101,000 |
4.13078 |
417,208.78 |
|
10/05/2018 |
40,377 |
4.06663 |
164,198.32 |
|
10/08/2018 |
13,000 |
3.99246 |
51,901.98 |
|
10/09/2018 |
23,000 |
3.99375 |
91,856.25 |
|
10/10/2018 |
20,000 |
3.99575 |
79,915.00 |
|
Total |
197,377 |
4.07890 |
805,080.33 |
Following the above-mentioned purchases, ENAV currently holds 1,056,000 treasury shares, equal to 0.19493% of its share capital.