Wiit S.p.A. (BIT:WIIT) commences share repurchases on August 3, 2023, under the program mandated by the Annual General Meeting held on May 4, 2023. As per the mandate, the company is authorized to repurchase 3,971,507 shares, representing 14.17% of its issued share capital, such that the company?s holding in treasury together with the shares repurchased does not exceed 20% of its issued share capital at any point of time. The shares will be repurchased at a purchase price for each share that is not less than the official price of WIIT stock on the day preceding the day on which the purchase transaction will be carried out, less 15%, and not more than the official price on the day preceding the day on which the purchase transaction will be carried out, plus 15%, in accordance with applicable European and national law, including Regulation.

The main purpose of the authorization to purchase is to enable the Company to acquire a stock of own shares that it can use as consideration for any extraordinary financial transactions and/or for other uses deemed to be of financial-management and/or strategic interest for the Company, including exchange, swapping, contribution or any other act that includes the use of treasury shares,and to service incentive plans based on financial instruments for employees and/or Directors of Group companies. The program is valid for 18 months. As of March 15, 2023, the company had 28,020,660 ordinary shares and 1,632,625 shares in treasury.