REVO Insurance S.p.A. (BIT:REVO) commences share repurchases on November 24, 2022, under the program mandated by the Annual General Meeting held on September 5, 2022. As per the mandate, the company is authorized to repurchase up to 4,460,000 shares, representing 20% of its issued share capital. The shares will be repurchased at a at a price per share which may not deviate, neither in decrease nor in increase, by more than 20% compared to the average of the reference prices recorded by stock on the day preceding each single transaction.

The treasury shares thus acquired may be sold, either directly or through intermediaries, and without time limits according to the purposes and in the manner permitted by the provisions including the use of shares own at the service of one or more incentive plans, or where permitted as inventory in the context of procurement operations, to service any bond issues convertible into shares of the Company, or also to support the liquidity. The program is valid for 18 months. As of August 1, 2022, the company had 22,300,000 ordinary shares in issue and 101,300 treasury shares.