Tamburi Investment Partners S.p.A. commences an Equity Buyback Plan for 36,875,860 shares, representing 20% of its issued share capital, under the authorization approved on April 29, 2021.
May 16, 2021
Share
Tamburi Investment Partners S.p.A. (BIT:TIP) commences share repurchases on May 13, 2021, under the program mandated by the shareholders in the Annual General Meeting held on April 29, 2021. As per the mandate, the company is authorized to repurchase up to 36,875,860 shares, representing 20% of its issued share capital. The shares will be repurchased at a price of not less than or more than 10% compared to the reference price that the stock will have recorded in the stock exchange session of the previous day. The program is aimed at the disposal and/or exchange of treasury shares in the context of agreements with strategic partners, the execution of investment transactions, the execution of incentive plans, and to carry out activities to foster of the liquidity of the market to facilitate the trading of the shares in periods of low market liquidity and to foster the regular course of trading. The plan will be valid for 18 months. As of April 29, 2021, the company holds 15,027,435 treasury shares.
On April 29, 2021, the company announced a repurchase program. Under the program, the company will repurchase up to 18,351,236 shares. The program will be valid till April 30, 2022. As of April 29, 2021, the company had 15,027,435 shares in treasury.
Tamburi Investment Partners SpA is an Italy-based company engaged in the financial sector. The Company provides services of investment banking and advisory in corporate finance transactions. The Company is also active in the investment activity, including acquisition of minority equity interests in listed and unlisted companies. Additionally, it is involved in the investment in shares held by private equity funds, banks, finance and insurance companies, as well as in the acquisition of investments in entities engaged in private equity sector. Tamburi Investment Partners SpA provides advisory services in corporate finance sector. The Companyâs business portfolio includes companies, such as Between Srl, Datalogic Group, Bolzoni Auramo, Gatti % Co. and Tamburi & Associati, among others. In January 2014, Tamburi Investment Partners SpA establishes TIP pre - IPO SpA. In March 2014, it sold whole shareholdings in Datalogic SpA, equal to 6.4%.
Tamburi Investment Partners S.p.A. commences an Equity Buyback Plan for 36,875,860 shares, representing 20% of its issued share capital, under the authorization approved on April 29, 2021.