Fos S.p.A. (BIT:FOS) commences share repurchases on December 11, 2020, under the program mandated by the shareholders in the Annual General Meeting held on April 30, 2020. As per the mandate, the company is authorized to repurchase its own shares such that it does not hold more than 2% of its own shares in treasury at the time of purchase for a maximum value of 0.35 million. The repurchase price must not be lower or more than 15% higher than the average of the reference prices recorded by the stock in the last five sessions of Exchange preceding each individual transaction and at a price not higher than the price any more raised between the price of the last independent transaction and the price the highest current independent bid offer at negotiation where the purchase is made. As of April 30, 2020, the company does not hold shares in treasury. The authorization is valid for a period of 18 months.