Sicily by Car S.p.A. (BIT:SBC) commences share repurchases on November 13, 2023, under the program mandated by shareholders at the Annual General Meeting held on November 9, 2023. As per the mandate, the company is authorized to repurchase up to ?8 million worth of its shares. The maximum price to be paid for repurchase is ?12 per share.

The purpose of the program is to use these shares as an investment object for an efficient use of the Company's liquidity, to operate on market to contain anomalous movements in the trading and prices of the Company's shares, to implement any share incentive plan in favor of management, employees and collaborators or proceed with free assignments to shareholders or fulfill obligations deriving from warrants, convertible financial instruments, with mandatory conversion or exchangeable with shares and to allow the use of own shares as part of operations connected to core management or projects consistent with the strategic lines that the Company intends to pursue, in relation to which the opportunity for share exchanges materializes, with the objective main goal of therefore completing M&A operations or corporate integration with potential partners. The authorization will be valid for 18 months from the date of the resolution passed. As of October 25, 2023, the company had 36,758,000 issued shares.