Fos S.p.A. (BIT:FOS) commences share repurchases on December 21, 2023, under the program mandated by the shareholders in the Ordinary General Meeting held on December 21, 2023. As per the mandate, the company is authorized to repurchase up to 566,938 shares, representing 8.43% of its share capital for ?2 million. The shares will be repurchased such that it does not hold more than 10% of its own shares in treasury at the time of purchase.

The repurchase price must be at a price that is neither lower nor higher by more than 20% 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.

The authorization is valid for a period of 18 months. As of December 6, 2023, the company had 6,839,384 issued shares including 117,000 treasury shares.