Fos S.p.A. (BIT:FOS) commences share repurchases on June 27, 2023, under the program mandated by the shareholders in the Annual General Meeting held on April 27, 2023. As per the mandate, the company is authorized to repurchase its own shares such that it does not hold more than 5% 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. The authorization is valid for a period of 18 months.

On June 9, 2023, the company announced a share repurchase program. Under the program, the company will repurchase up to €0.35 million worth of its shares.