Freni Brembo : DISCLOSURE REGARDING PURCHASE OF TREASURY SHARES
September 02, 2019 at 04:54 am EDT
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Stezzano, 2 September 2019
DISCLOSURE REGARDING PURCHASE OF TREASURY SHARES
As part of the share buyback program authorized by the Shareholders' Meeting held on 18 April 2019, and following the announcement dated 30 July, Brembo has purchased on the Italian Stock Exchange (M.T.A.) 100,000 of the Company ordinary shares (approximately 0,0299% of the share capital), in the period between 26 and 30 August, at an average price of EUR 8.17846 per share, net of commissions, for a total amount of EUR 817,846.00.
Details of the daily transactions are shown below:
Number of shares
Average price
Date
per share
Purchase Price (€)
purchased
(excl. fees) (€)
28 August 2019
100,000
8.17846
817,846.00
Total
100,000
8.17846
817,846.00
Following the above mentioned acquisitions and taking into account treasure shares already held, Brembo currently holds 9,705,000 treasure shares, equal to 2.906% of its share capital.
Brembo S.p.A. published this content on 02 September 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 September 2019 08:52:33 UTC
Freni Brembo SpA (Brembo SpA) is an Italy-based company engaged in the research, design, production and sale of brake systems. The Company provides products for cars, motorcycles, commercial vehicles and racing cars and motorbikes. The Companyâs portfolio includes brake discs, pads, modules, calipers, master cylinders and complete braking systems. As of December 31, 2011, the Company operated through 35 production units and commercial centers in Italy and abroad, including Spain, Poland, the United Kingdom, the Czech Republic, Slovakia, Germany, Mexico, Brazil, Argentina, China, India, the United States, Sweden, China and Japan. The Company has a number of subsidiaries, such as AP Racing Ltd, Brembo Deutschland GmbH, Brembo Nanjing Foundry Co Ltd, Brembo North America Inc and Qingdao Brembo Trading Co Ltd, among others. In August 2013, it acquired a 30% stake in Brembo Nanjing Brake Systems Co. Ltd; as a result of transaction it holds 100% stake in Brembo Nanjing Brake Systems Co Ltd.