Orsero S.p.A. (BIT:ORS) commences share repurchases on June 24, 2020, under the program mandated by the shareholders in the Annual General Meeting held on April 30, 2020. As per the mandate, the company is authorized to repurchase own shares in one or more tranches, taking into account the treasury shares held by the company at any given time, is not higher than the maximum consideration of €2 million. The purchases will be made at a price that is not higher than the highest price between the price of the last independent transaction and the price of the highest current independent offer in the trading venues where the purchase is made, provided that the consideration unit cannot be lower than the minimum of 20% and a maximum of 10% higher than the average of the official prices registered by the company share in the 10 days of open exchange prior to each individual purchase transaction. As of April 30, 2020, the company holds 755,637 shares in treasury. The program is valid for 18 months. On June 23, 2020, the company initiated a share buyback program. Under the program, the company will repurchase up to 30,000 shares. The plan will start on June 24, 2020 and will last until June 30, 2020.