Servizi Italia S.p.A. (BIT:SRI) commences share repurchases on June 28, 2021, under the program mandated by the shareholders in the Shareholder's Meeting held on April 20, 2021. As per the mandate, the company is authorized to repurchase up to approximately 6,361,890 ordinary shares. The shares will be repurchased at a price not higher and not lower than 20% over the weighted average of the official prices in the 3 days prior to the transaction such that it may not be higher than the highest price between the price of the last independent transaction and the price of the highest current independent purchase offer on the MTA. The program has the aim of setting up a treasury share warehouse to be used, if necessary, as a consideration for extraordinary transactions and/or as part of transactions for the exchange and/or sale of shareholdings, and at the same time represents an opportunity for efficient investment of company liquidity. The repurchase will be made for a period of 18 months and will expire on October 28, 2021, or the authorization to dispose of treasury shares, even before the purchases have been exhausted, has been given by the Shareholders' Meeting without time limits. As of April 20, 2021, the company holds 1,727,260 treasury shares, representing 5.43% of the share capital.