Technical Publications Service S.p.A. commences an Equity Buyback Plan for ?1 million worth of its shares, under the authorization approved on April 28, 2023.

Technical Publications Service S.p.A. (BIT:TPS) commences share repurchases under the program mandated by shareholders in the Annual General Meeting held on April 28, 2023. As per the mandate, the company is authorized to repurchase up to ?1 million worth of its shares, such that the holding of company's shares do not exceed 10% of its share capital. The price to be paid for repurchases should not be 15% lower or 15% higher than the official listed price of the shares registered by Borsa Italiana S.p.A. in the market session on the day before each single transaction.

The repurchase will be funded through the reserves made available for this purpose. As of April 28, 2023, the company had no treasury shares. The authorization will be valid for 18 months.