Gel S.p.A. (BIT:GEL) commences share repurchases on June 8, 2022, under the program mandated by the Ordinary Shareholder's Meeting held on April 28, 2022. As per the mandate, the company is authorized to repurchase it's own ordinary shares. The program aims to provide the company with a useful strategic investment opportunity, to provide liquidity of the security and/or for the purpose of stabilizing its value.

The repurchased shares may be sold, disposed and/or used in strategic lines to service any incentive plans based on financial instruments or work for equity plans which may be approved by the company in the future. The authorization is valid for a period of 18 months. As of April 28, 2022, the company had 7,192,500 ordinary shares outstanding.