Banca Mediolanum S.p.A. (BIT:BMED) commences share repurchases on May 10, 2024, under the program mandated by the shareholders in the Annual General Meeting held on April 18, 2024. As per the mandate, the company is authorized to repurchase up to 8,000,000 shares, representing 1.08% of the issued share capital for a total of ?66 million. The shares will be repurchased at a price not exceeding the highest price between the price of the last independent transaction and the price of the highest current independent offer on the trading venues where the purchase is made, on the understanding, however, that the unit price cannot be less than 15% and higher than 15% compared to the official price recorded by shares on the stock exchange the day preceding each individual purchase transaction. The repurchased shares will be used for the service of the 2024 Performance Share Plans just approved and the incentive plans already in existence. The authorization is valid till December 20, 2024. As of April 18, 2024, the company has 744,133,141 shares in issue and 2,899,295 shares in treasury.

On May 9, 2024, the company announces a share repurchase program. Under the program, the company will repurchase its own shares.