BOLZONI S.P.A. PRESS RELEASE
Bolzoni starts share buyback program
Bolzoni S.p.A. (BLZ) informs that a buy-back program on shares started on 25 August 2015, as per authorization granted by the Shareholders' Meeting held on April 29, 2015. Pursuant to article 144 bis of Consob's Regulation
11971/1999 ("Issuers' Regulations") the details of the acquisition program are hereby outlined.
The program grants to allow the Company to intervene on the market, in compliance of the current provisions of the law, to sustain the liquidity of its stocks.
Minimum and maximum consideration payableThe price will be no higher than 10% and no lower than 10% with respect to the official price recorded in the session of the Stock Exchange prior to each single operation.
Maximum number of shares
The purchase will be for a maximum number of 300,000 ordinary shares of the Issuer which in total represent
1.15% of the share capital and in any case within a maximum value of one million euros, within the limits of the distributable profits and the available reserves resulting from the Issuer's last approved financial report, within the nominal limit of one fifth of the share capital and therefore still within the limits established by articles 2357, paragraphs one and three, and 2359-bis, paragraph three, of the Civil Code.
About daily volume of transactions under the Program, the maximum number of company shares that can be purchased daily must not exceed 25% of the average daily volume of "Bolzoni" shares traded on the market, in accordance with article 5, paragraph 2, of CE Ruling 2273/2003; this limit can be passed, ex paragraph 3, ibidem, in the event of an extremely low level of liquidity in the market, at the conditions established in the above ruling; in any case, the maximum number of company shares which can be purchased daily will not exceed
50% of the average daily volume, and in any case in compliance with articles 2357 and subsequent of the Civil Code, article 132 of Legislative Decree n° 58 dated 24 February 1998, article 144-bis of the Rules adopted by Consob with resolution 11971 on 14 May 1999.
Duration
Authorization to acquire company ordinary shares has been established for eighteen months from the date of the Shareholders' Meeting which adopted the pertinent resolution. The authorization to dispose of said shares is for an unlimited period.
Mode of purchase
The purchase of company shares will be carried out on the market ex art 144-bis, paragraph 1, letter b), of Rules for Issuers adopted by Consob with resolution 11971 on 14 May 1999, that is to say according to the operating methods established in rules for the organization and management of the market itself and which do not allow the direct combination of the trading proposals for purchase with the predetermined trading proposals for sale
This press release is available on the company website www.bolzonigroup.com, in the Investor Relations area and with the authorized storage system "1info", on the website www.1info.it.
.
_
Bolzoni, company listed in the STAR segment of Borsa Italiana, is the European leader in the production of
attachments for fork lift trucks and the second major manufacturer both worldwide and in the US market.
Through the design, production and distribution of a wide range of attachments, Bolzoni is an important presence in the market niche of lift-truck attachments and industrial material handling.
With a 2014 turnover of about 120 million euros, 19 companies (including the parent company), 8 of which are manufacturing plants situated in Italy, USA, Finland, Germany and China, 10 are commercial subsidiaries and
1 is a financial holding company, Bolzoni is a multinational group with a global organization present on all continents, within the vast market segment of logistics and material handling.
Contact: Eleonora Palumbo
Investor Relations - Bolzoni S.p.A.
Tel. 0523/55.55.11 investor.relator@bolzoni-auramo.com
Piacenza, August 27, 2015
|
distributed by
|
