BFF Bank S.p.A. commences an Equity Buyback for 8,323,880 shares, representing 5% of its issued share capital, under the authorization approved on April 2, 2020.

Banca Farmafactoring S.p.A. (BIT:BFF) commences share repurchases on June 8, 2020 under the program mandated by the shareholders in the Annual General Meeting held on April 2, 2020. As per the mandate, the company is authorized to repurchase up to 8,323,880 shares, representing 5% of its issued share capital. The program will be valid for 18 months from the date of AGM. On May 28, 2020, the company announced a share repurchase program. Under the program, the company will repurchase up to 565,642 shares, representing 0.332% of its issued share capital for €2.7 million. The purpose of the program is to fulfil the obligations to balance between the component in financial instruments and the cash component of the variable remuneration to be paid to the key personnel and to serve the current stock option plan of the group. The program is effective until October 2, 2021. As of May 28, 2020, the company holds 171,804 shares in treasury.