Salcef Group S.p.A. (BIT:SCF) commences share repurchases on July 5, 2021, under the program mandated by the shareholders in the Ordinary and Extraordinary Shareholder's Meeting held on April 29, 2021. As per the mandate, the company is authorized to repurchase up to 19,527,497 shares, representing 10% of the company's share capital. The shares will be repurchased at a price per share where it cannot deviate downwards or upwards by more than 15% with respect to the reference price recorded by the share in the trading session preceding each individual transaction, also to a consideration that is not higher than the highest price between the price of the last independent transaction and the price of the highest current independent purchase offer present in the trading venue where the purchase is made. The program will be valid for 18 months. On May 13, 2021, the company announced the approval for the start of share repurchase program. Under the program, the company will repurchase up to 200,000 shares. The repurchased shares will be used for incentive plans. As of May 13, 2021, the company had 298,243 shares in treasury.