Spindox S.p.A. (BIT:SPN) commences share repurchases on May 3, 2022, under the program mandated by the shareholders in the Annual General Meeting held on April 29, 2022. As per the mandate, the company is authorized to repurchase up to 150,000 shares, representing 2.5% of its issued share capital, for €2 million. The maximum consideration for the purchase of company shares cannot be on the one hand less than 10% in the minimum and on the other hand higher than 10% in the maximum, compared to the reference price that the share will have recorded in the trading session, on the day prior to the completion of each individual purchase transaction.

The plan is mainly aimed at allowing the company to equip itself with a stock of treasury shares that the latter can have as consideration in the context of any extraordinary finance transactions and/or for other uses deemed to be of financial managerial interest and/or strategic for the company, including an exchange, exchange, exchange, contribution or other deed that includes the use of treasury shares, and for the service of incentive plans based on financial instruments intended for directors and/or employees and of the companies/associations it holds or to make free assignments to shareholders or to fulfill obligations deriving from warrants, convertible financial instruments, with mandatory conversion or exchangeable for shares (on the basis of existing transactions or to be resolved/implemented) or as an investment object for an efficient use of the liquidity generated by the company's core business. The program is valid for 18 months. As of April 14, 2022, the company had 6,000,000 ordinary shares in issue and 470,060 shares in treasury.