Interpump Group S.p.A. (BIT:IP) commences share repurchases on June 7, 2021, under the program mandated by the shareholders in the Ordinary Shareholders' Meeting held on April 30, 2021. As per the mandate, the company is authorized to repurchase up to 5,500,000 shares, representing 5.05% of its share capital. The purchase may take place at a unit price of between a minimum equal to the nominal value of €0.52 and a maximum of €59 per share. The company has authorized the repurchase program for the for the purpose of investment, stabilization of the stock price in situations of reduced stock market liquidity, and in order to obtain shares that may be exchanged in the case of acquisitions and/or commercial agreements with strategic partners. The authority is valid for 18 months, for the shareholders meeting. As of March 26, 2021, the company had 2,142,256 shares in treasury. On June 4, 2021, the company announced a share repurchase program. Under the program, the company will repurchase up to 500,000 shares. The shares will be repurchased at a price of €52 per share. The repurchases will commence from June 7, 2021, and valid till September 30, 2021.