Sabaf S p A : Update on the execution of the buy-back programme
October 19, 2020 at 02:55 am EDT
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Press release
Ospitaletto (BS), 19 October 2020
Update on the execution of the buy-back programme
With reference to the buy-back programme approved by the shareholders on 7 May 2019 and 4 May 2020, and launched on 28 January 2020, Sabaf S.p.A. informs that in the period between 12 October 2020 and 16 October 2020 acquired no. 11,148 treasury shares at an average unit price of € 13.4837 per share, for a total amount of € 150,315.87.
Details of the transactions on a daily basis:
Date
Number of
Average price per share
Countervalue
shares
(EUR)
(EUR)
purchased
12 October 2020
2,480
13.9819
34,675.11
13 October 2020
904
13.8431
12,514.16
14 October 2020
2,661
13.4846
35,882.52
15 October 2020
2,922
13.2048
38,584.43
16 October 2020
2,181
13.1406
28,659.65
Total
11,148
13.4837
150,315.87
Following to such operations, Sabaf owns, as at 16 October 2020, no. 332,022 treasury shares, amounting to 2.879% of the share capital.
For further information:
Investor Relations
Media relations
Gianluca Beschi
Maria Giardini +39 340 5104775
tel. +39 030 6843236
mgiardini@twistergroup.it
gianluca.beschi@sabaf.it
Arnaldo Ragozzino + 39 335 6978581
www.sabaf.it
aragozzino@twistergroup.it
Founded in the early fifties, SABAF has grown consistently over the years to become one of the leading producers in the world - of components for household appliances.
There are three main lines of production: components for gas cooking (valves and burners), hinges and electronic components. Technological expertise, manufacturing flexibility, and the ability to offer a vast range of components - tailor-made to meet the requirements of individual manufacturers of cookers and built-in hobs and ovens and in line with the specific characteristics of its core markets - are Sabaf's key strengths in a sector featuring major specialisation, constantly evolving demand and an ever-increasing orientation towards products assuring total reliability and safety.
The Sabaf Group has more than 1,200 employees. It operates through its parent company SABAF S.p.A. and the subsidiaries Sabaf do Brasil, Sabaf Turkey and Sabaf China, active in the production of domestic burners, A.R.C., which produces burners for professional cooking, and Faringosi Hinges and C.M.I., leader in the production of oven hinges and dishwashers and Okida, active in the sector of electronic components for household appliances.
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Sabaf S.p.A. published this content on 19 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 October 2020 06:54:02 UTC
Sabaf SpA is an Italy-based manufacturer of components for domestic gas cooking appliances. The Company specializes in the design and manufacture of non-ferrous alloy components for household gas cooking appliances. The Company has two operating segments: gas components, and hinges. It offers a range of products, including multigas valves, for free-standing cookers, as well as for built-in hobs; one-way and two-way multigas thermostats, with or without safety devices; gas burners, and hinges. There is also a range of accessories for each product line. It sells its products to manufacturers of cookers, hobs and ovens. The Company has several wholly owned subsidiaries, such as Faringosi-Hinges Srl, Sabaf Immobiliare Srl, Sabaf do Brasil Ltda, Sabaf Mexico SA de CV, , among others.