BFF Bank S.p.A. (BIT:BFF) commences share repurchases on February 13, 2023, under the program mandated by the Ordinary General Meeting held on March 31, 2022. As per the mandate, the company is authorized to repurchase up to 5% of its issued share capital, such that the company's holding in treasury together with the shares repurchased does not exceed 5% of its issued share capital at any point of time. The repurchase price cannot deviate, neither decreasing nor increasing, by more than 20% compared to the reference price recorded by the stock in the stock exchange session preceding each individual transaction. The repurchases will be made out of distributable profits and available reserves resulting from the latest approved financial statements. The program is valid for 18 months. As of March 1, 2022, the company had 1971,967 treasury shares.

On February 9, 2023, the the company announced a share repurchase program. Under the program, the company will repurchase 350,000 ordinary treasury shares, representing 0.19% its share capital, for a maximum value of €2.8 million. The purpose of the program is to fulfill the balancing obligations between the component in financial instruments and the cash component of the variable remuneration to be paid to the most important personnel of the group and for the institution's stock option plan. The program will start on February 13, 2023.