Cofle S.p.A. (BIT:CFL) commences share repurchases on November 27, 2023, under the program mandated by shareholders in the Annual General Meeting held on November 16, 2023. As per the mandate, the company is authorized to repurchase up to 1,231,199 shares, representing 20% of its share capital for ?1 million, such that the holding of the treasury share of the company does not exceed 20% of its share capital. The price to be paid for repurchases should not be lower or higher than 15% from the official stock exchange price of the shares recorded by Borsa Italiana S.p.A. in the session preceding each individual transaction.

The purpose of the program is to incentivize and retain employees, collaborators, and administrators of the Company and its controlled companies, or other categories of individuals chosen at the discretion of the Board of Directors, within the scope of stock incentive plans, to use the shares as consideration in extraordinary transactions, including share exchange with other entities, to be carried out through exchange, contribution, or other acts of disposal and/or use, including allocation to convertible bond loans into shares of the Company or bond loans with warrants, to engage in activities to support the liquidity of the shares, in order to facilitate the regular conduct of trading and prevent price movements not in line with market trends and To potentially dispose of, if deemed strategic for the Company, investment or divestment opportunities, even in relation to available liquidity. The authorization will be valid for 18 months. As of November 2, 2023, the company had 6,155,996 issued shares and 0 treasury shares.