Sabaf S p A : Update on the execution of the buy-back programme
October 26, 2020 at 04:20 am EDT
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Press release
Ospitaletto (BS), 26 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 19 October 2020 and 23 October 2020 acquired no. 6,397 treasury shares at an average unit price of € 12.7603 per share, for a total amount of € 81,627.76.
Details of the transactions on a daily basis:
Date
Number of
Average price per share
Countervalue
shares
(EUR)
(EUR)
purchased
19 October 2020
1,537
13.0796
20,103.35
20 October 2020
1,173
12.8831
15,111.88
21 October 2020
889
12.5880
11,190.73
22 October 2020
2,113
12.4715
26,352.28
23 October 2020
685
12.9482
8,869.52
Total
6,397
12.7603
81,627.76
Following to such operations, Sabaf owns, as at 23 October 2020, no. 338,419 treasury shares, amounting to 2.934% 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 26 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 October 2020 08:19:00 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.
SABAF S.P.A. 
