Cerved Group S.p.A. (BIT:CERV) commences share repurchases on May 13, 2021, under the program mandated by the shareholders in the Annual General Meeting held on April 27, 2021. As per the mandate, the company is authorized to repurchase up to 19,527,497 shares, such that company's ordinary shares held from time to time in the portfolio by the company itself and by its subsidiaries, is not in total greater than 10% of the company's share capital. The minimum and maximum purchase price of each share may not be more than 10% less than or greater than, respectively, the market reference price quoted for company stock on the trading day preceding each individual purchase and in any event at a price that does not exceed the highest price between the price of the last arm's length transaction and the highest current arm's length bid price quoted on the exchange where the purchase is made. The plan will be funded by the distributable earnings and available reserves. The purpose of the program is to allow the conversion of debt instruments into shares, facilitate the implementation of management incentive plans and provide liquidity to the market. The plan is valid till 18 months from the date of resolution. As of March 25, 2021, the company had 2,993,169 shares in treasury. On May 12, 2021, the company announced a share repurchase program. Under the program, the company will repurchase up to 1,515,609 shares. The shares will not be repurchased at a price more than 10% from the reference price recorded by the share in the trading venue where the purchase in the trading session preceding each single transaction. The program aims exclusively at fulfilling the obligations arising from distribution programs of share options or other allocations of shares to employees or to the members of the management bodies of the company, subsidiaries or associated companies specially from the incentive and loyalty plan called Performance Share Plan 2022-2024. The program will commence from May 13, 2021 and is valid till June 14, 2021. As of May 12, 2021, the company has no treasury shares.