Intred S.p.A. (BIT:ITD) commences share repurchases on June 25, 2024, under the program mandated by the shareholders in the Ordinary and Extraordinary Shareholders' Meeting held on April 18, 2024. As per the mandate, the company is authorized to repurchase up to 785,802 shares, representing 4.95% of its issued share capital. The company is authorized to repurchase its own shares, such that the company?s holding in treasury does not exceed 5% of its issued share capital. The purchases must be made at a price per share which must not be more than 10% lower or higher than the reference price recorded by the stock in the stock market session preceding each individual transaction. The purpose of the program is to use the shares as an investment object for the efficient use of liquidity generated by the company's core business; to service current or future compensation and incentive plans based on financial instruments and reserved for the directors and employees of the company, both through the free granting of purchase options and through the free attribution of shares (so-called stock option and stock grant plans) or to serve variable remuneration policies based on financial instruments; to allow the use of own shares as part of operations connected to core management or projects consistent with the strategic lines that the company intends to pursue, in relation to which the opportunity for share exchanges materializes, with the main objective to therefore complete corporate integration operations with potential strategic partners; to operate on the market, in compliance with the provisions currently in force, directly or through intermediaries, to contain anomalous movements in prices and to regularize the performance of negotiations and prices, in the face of any distortion phenomena linked to excessive volatility or poor trading liquidity. The authorization is valid for a period of 18 months, from the date of passing of the resolution. As of April 3, 2024, the company had 15,881,600 issued and outstanding ordinary shares and had 8,713 shares in treasury.

On June 18, 2024, the company announces a share repurchase program. Under the program, the company will repurchase up to 50,000 shares, representing 0.3% of its issued share capital for a total ?0.6 million. The repurchases will commence on June 24, 2024, and will be valid for a period of 18 months, from the date of passing of the resolution.