Buzzi Unicem S.p.A. (BIT:BZU) commences share repurchases on February 9, 2022, under the program mandated by the shareholders in the Ordinary Shareholders Meeting held on May 7, 2021. As per the mandate, the company is authorized to repurchase up to 7,000,000 ordinary and/or savings shares for €150 million. The proposed purchase price must be between a minimum per share of not less than 10% and maximum of no more than 10% compared to the reference price of the ordinary share or savings shares recorded in the stock market session of the day before the completion of each individual transaction.

The authorization is also aimed at allowing the company to use treasury shares as a payment in extraordinary transactions, also of equity interest swap or of conversion of bonds of possible future issuance, or for distribution, for a consideration or without consideration, to directors and employees of the company or its subsidiaries as well as for allocation to shareholders without consideration. The program will be valid for a period of 18 months. As of March 25, 2021 the company had 192,626,154 ordinary shares in issue, 494,316 ordinary shares in treasury.