Orsero S.p.A. (BIT:ORS) commences share repurchases on June 17, 2024, under the program mandated by the shareholders in the Annual General Meeting held on December 20, 2023. As per the mandate, the company is authorized to repurchase own shares in one or more tranches, taking into account the treasury shares held by the company at any given time, is not higher than the maximum consideration of ?10 million. The purpose of shares repurchase is possible use of the company's shares as consideration in extraordinary transactions, including the exchange or sale of equity investments, to be carried out by way of exchange, contribution or another act of disposition and/or use, with other parties, as part of transactions in the interest of the Company.

The purchases will be made at a price that is not higher than the highest price between the price of the last independent transaction and the price of the highest current independent offer in the trading venues where the purchase is made, provided that the consideration unit cannot be lower than the minimum of 20% and a maximum of 10% higher than the average of the official prices registered by the company share in the 10 days of open exchange prior to each individual purchase transaction. The program is valid for 18 months. As of November 27, 2023, the company has 17,682,500 shares outstanding and holds 753,137 shares in treasury.