Savola : Announces the Results of its Shares Buy-back (First Tranche)

ELEMENT LIST	EXPLANATION
Introduction	The Savola Group announces that it has completed the first tranche of its shares buy-back transaction on 09/09/2021, where the required number of the shares has been purchased to cover the 2nd tranche of the Employees' Long-Term Incentive Program (LTIP) and in accordance with the approved program criteria and terms. The total number of the purchased shares amounted to 349,076 shares out of 1,200,000 shares representing the maximum number of shares approved for buy-back by the Extraordinary Shareholders General Assembly (EGM). The Group will later consider the remaining shares that are held as treasury shares to be allocated for the 3rd tranche of the program before the lapse of the purchase period granted by the EGM to complete the buy-back transaction i.e. 12 months period as of the EGM's resolution issued in its meeting held on 28th April 2021.
Date of Posting the Approval of the General Assembly on the Purchase on Tadawul's Website	2021-04-29 Corresponding to 1442-09-17
Purchase Period	Within a maximum period of twelve (12) months from the date EGM's resolution.
Number of the Purchased Shares	349076
Value of the Purchased Shares	SR 13,924,773
Average Purchase Price Per Share	39.89 SR
Additional Information	This comes as part of the Group's efforts to attract and retain key talents and to motivate them to further strengthen their performance to achieve the Group's strategic objectives.