Genoa, 8th November 2013
Launch of the share buyback programme aimed at servicing the
management incentive plans approved by the Company
Ansaldo STS has launched the share buyback programme implementing the resolution approved by the ordinary shareholders’ meeting held on 6 May 2013, which granted a new authorisation to purchase own shares, aimed at servicing, inter alia, the share incentive plans approved by the Company. This resolution authorises Ansaldo STS to purchase own shares up to the maximum amount allowed by law, taking into account the own shares already held by the Company and its subsidiaries. In light of the limits set out in the above-mentioned shareholders’ resolution of 6 May 2013 approving the buyback, the programme shall be carried out in accordance with the following terms:
- the maximum number of shares to be purchased is equal to the maximum number allowed by law, taking into account the maximum number of shares that may be granted to the recipients of the share incentive plans approved by the Company, as described in the relevant Information Documents available on the Company’s website; the share purchases will be carried out under the price conditions set out in article 5, paragraph 1, of European Commission Regulation (EC) no. 2273/2003 of 22 December 2003. Specifically, this article provides that the issuer must not buy the shares for a price that is higher than the higher price between the price of the latest independent transaction and the price of the current highest independent bid price on the Italian stock exchange managed by Borsa Italiana SpA. All purchases must also be carried out in accordance with the conditions and the limits set by Consob in relation to accepted market practices, where applicable.
- the share purchases will be made in accordance with the procedures set out in article 144-bis, paragraph 1, point b) of the Issuers’ Regulation.
- the number of shares purchased on any one day will be no higher than 25% of the average daily volume of Ansaldo STS shares traded on the Italian stock exchange. the buyback must be carried out by 6 November 2014; this term is in line with the final deadline set by the shareholders’ meeting above, equal to 18 months from the resolution of 6 May 2013.
The company will timely notify the public of any subsequent amendments to the buyback programme. Under the programme.
Ansaldo STS will inform Consob and the market of any share purchase transactions that have been carried out on a weekly basis, providing details of the number of shares purchased, and the date, time and price of every purchase. As of today, Ansaldo STS holds 846 own shares.
Andrea Razeto, tel. +39 010 6552068
Roberto Corsanego, tel. +39 010 6552076
Giancarlo Fre, tel. +39 06 48905000
Andrea Faravelli, tel. +39 02 48000250