Esautomotion S.p.A. (BIT:ESAU) commences share repurchases on October 1, 2019, under the program mandated by the shareholders in the Annual General Meeting held on April 18, 2019. As per the mandate, the company is authorized to repurchase up to 20% of its issued share capital, for total worth of €1 million. The purpose of share repurchases is to use own shares as an investment object for an efficient use of the liquidity generated by the company's core business; to be able to use treasury shares for the assignment to the beneficiaries of any stock option plans and / or stock grants approved by the competent corporate bodies; as well as allow the use of treasury shares in the context of operations connected with characteristic management or projects consistent with the strategic lines that the company intends to pursue, in relation to which the opportunity for share exchanges with the objective is realized main objective of perfecting corporate integration operations with potential strategic partners. The program is valid for 18 months from the shareholder's meeting. As of April 18, 2019, the company had no shares in treasury.