Ansaldo STS S.p.A. (BIT:STS) commences share repurchases on May 23, 2017, under the program mandated by the shareholders at the Annual General Meeting held on May 11, 2017. As per the mandate, the company is authorized to repurchase 300,000 ordinary shares, representing 0.15% of the share capital. The repurchased shares will be used for the company’s share-based incentive plans. The repurchase program will run over a period of 18 months from the date on Annual General Meeting, until November 11, 2018. As of May 23, 2017, the company has no shares in treasury. On May 23, 2017, the company commenced the repurchase program.