Italian Wine Brands S.p.A. (BIT:IWB) commences share repurchases on September 20, 2023, under the program mandated by the shareholders in the Ordinary Shareholders Meeting held on April 27, 2023. As per the mandate, the company is authorized to repurchase ?5 million worth of shares. The shares will be repurchased at a price that is not higher than the highest price of the last transaction price and the price of the current highest independent offer on the trading venues where the purchase is made, it being understood that the unitary consideration will not be able in any case be less than 20% lower and 10% higher than the arithmetic mean of the official prices recorded by the Company's stock on the AIM multilateral trading facility Italy in the ten trading days prior to each single purchase transaction. The purpose of the program is provide the company with a useful strategic investment opportunity for any purpose permitted by the current provisions, including the purposes and subsequent cancellation. The repurchased shares shall be allocated to the service of the company's incentive plan called ?2023-2025 Incentive Plan of IWB S.p.A.". The authorization will be valid for 18 months. As of April 27, 2023, the company had 10,681 shares in treasury.

On September 8, 2023, the company announced a share repurchase program. Under the program, the company will repurchase 30,000 ordinary shares, for ?0.9 million. The program is valid for 18 months from the date of the Shareholders? Meeting of April 27, 2023 and therefore by October 27, 2024.