Brembo S.p.A. (BIT:BRE) commences a share repurchases on August 1, 2023, under the program mandated by the shareholders in the Annual General Meeting held on April 20, 2023. As per the mandate, the company is authorized to repurchase up to 8,000,000 shares for ?144 million. The minimum purchase to be paid for the share should not be lower than 10% of closing price of the shares during the trading session on the day before each transaction is undertaken and should not be higher than 10% of the closing price of the shares during the trading session on the day before each transaction is undertaken.

The objectives of the plan are undertaking investments, with the aim of containing abnormal movements in stock prices, stabilizing stock trading and prices, supporting the liquidity of company?s stock, carrying out share capital transactions or other transactions which make it necessary or appropriate to swap or transfer share packages through exchange, contribution, or any other available methods. The program will continue for a period of 18 months.