Fos S.p.A. (BIT:FOS) commences share repurchases on June 9, 2021, under the program mandated by the shareholders in the Annual General Meeting held on April 28, 2021. As per the mandate, the company is authorized to repurchase its own shares such that it does not hold more than 3% of its own shares in treasury at the time of purchase for a maximum value of €0.35 million. The repurchase price must be at a price that is neither lower nor higher by more than 15% with respect to the reference price recorded by the share in the trading session preceding each transaction. The purpose of the program is to provide liquidity, implement stock-grant plans, dispose the shares for in line with the strategic plans like acquisitions, mergers, demergers, etc. or share exchanges. As of April 28, 2021, the company holds 77,250 shares in treasury. The authorization is valid for a period of 18 months.