(Alliance News) - Poste Italiane Spa announced Thursday that it will launch, starting May 8, the second tranche of its share buyback program, as approved by the shareholders' meeting on May 30, 2025, for a maximum remaining value of approximately EUR13.6 million.
The group explained that the buyback is part of an authorized plan for a total of up to 2.6 million treasury shares and a maximum expenditure of EUR50 million.
The transaction is intended to fulfill obligations arising from variable remuneration plans for the group's directors and employees, to be settled through Poste Italiane shares.
During the first tranche, carried out between March 31 and April 2, 2026, Poste Italiane purchased 1.8 million treasury shares, representing 0.14% of the share capital, at an average price of EUR20.53 per share, for a total consideration of EUR36.4 million.
In light of the purchases already made, Poste Italiane may acquire a further 826,737 shares, representing approximately 0.1% of the share capital, for a maximum remaining outlay of EUR13.6 million.
Poste Italiane shares closed Thursday up 2.5% at EUR23.30 per share.
By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter
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