SIT S p A : UPDATE ON THE EXECUTION OF THE BUY-BACK PROGRAMME.
January 04, 2021 at 09:14 am EST
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Update on the execution of the buy-back programme
Padua, January 4th, 2021 - SIT S.p.a. ("SIT", or the "Company"), listed on the MTA market, with reference to the buy-back programme approved by the shareholders on May 6th 2020, and launched on the same date, informs that in the period between December 28th, 2020, and December 30th, 2020, acquired n. 9.600 SIT's ordinary shares at an average unit price of EUR 5,8081 per share, for a total amount of EUR 55.757,95.
Details of the transactions on a daily basis:
Date
Number of shares
Average price per
Countervalue (EUR)
purchased
share (EUR)
28.12.2020
100
5,4800
548,00
29.12.2020
3.500
5,6629
19.820,15
30.12.2020
6.000
5,8983
35.389,80
Total
9.600
5,8081
55.757,95
Following to such operations, the Company owns, as at December 30th, 2020, n. 316.724 ordinary shares, amounting to 1,2665% of the share capital.
***
SIT S.p.A.
Ufficio Stampa SIT S.p.A.
Investor Relations
T. +39 049 829 3111
Chiara Bortolato
Paul Fogolin
E. chiara@twin.services
E. paul.fogolin@sitgroup.it
M. +39 347 853 3894
Mara Di Giorgio
SITInvestorRelations@sitgroup.it
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SIT S.p.A. published this content on 04 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 January 2021 14:13:05 UTC
SIT SpA is an Italy-based company engaged in the industrial machinery and equipment industry. The Company focuses on the development, production and market of security, control systems of mostly domestic gas appliances, such as boilers, stoves, as well as gas counters. Its products portfolio encompasses gas mutters, mechanical controls, electronic controls, fans for heating, integrated systems, sensors, exhaust kits, fans for range hoods and accessories, such as leads, connectors, pipes and coupling flanges, among others. The Company is a parent of SIT Group and operates through SIT (Shanghai) Trading Co. Ltd, SIT Controls BV, SIT Controls USA, Inc and SIT de Monterrey SA de CV, among others.