EL.En. S.p.A. commences an Equity Buyback Plan for 3,973,759 shares, representing 20% of its issued share capital, under the authorization approved on April 27, 2021.
March 27, 2022
Share
EL.En. S.p.A. (BIT:ELN) commences share repurchases on March 22, 2022, under the program mandated by the Ordinary Shareholders' Meeting held on April 27, 2021. As per the mandate, the company is authorized to repurchase up to 3,973,759 shares, representing 20% of its issued share capital, such that the company's holding in treasury together with the shares repurchased does not exceed 20% of its issued share capital at any point of time. The shares will be repurchased at a price not lower than the nominal value of €0.13 per share, and, in the maximum, not higher than 10% more of the official trading registered the day before the purchase. The purchase of treasury shares will be carried out for the concurrent or alternative, purposes: assignments or distributions to employees and / or collaborators and/or members of the administrative or control bodies of the company or its subsidiaries, exchanges or exchange of shareholdings as part of and on the occasion of transactions of strategic nature. The authorization is valid for 18 months.
On March 21, 2022, the company announced announced a share repurchase program. Under the program, the company will repurchase 100,000 ordinary shares, representing approximately 0.12% of the subscribed and paid-up share capital, for a maximum value of €2 million. The purchase of treasury shares aims to allow the assignment of shares to employees, collaborators and members of the administrative bodies of the company or subsidiaries and to provide an operational tool for the pursuit of the company's strategic guidelines. The program will be valid until the October 26, 2022.
El En SpA is an Italy-based company primarily engaged in the production of laser systems. It controls a group of companies active in the manufacture, research, development, distribution and sale of laser equipment.The Company's range of products includes laser systems for dermatology, surgery, cosmetics, physiotherapy, dentistry and gynaecology, laser systems for cutting, marking and welding of metals, wood, plastic and glass; decoration of leather and fabrics, conservative restoration of works of art. The Company also offers accessories, after-sale services and consulting in the related areas.
EL.En. S.p.A. commences an Equity Buyback Plan for 3,973,759 shares, representing 20% of its issued share capital, under the authorization approved on April 27, 2021.
EL.EN. S.P.A. 
