Fiera Milano SpA has implemented the plan to purchase treasury shares in accordance with the resolution of the Ordinary Shareholders’ Meeting held on 27 April 2012
Milan, 16 May 2012.Pursuant to Article 144-bis of the Consob Resolution no. 11971/1999 and subsequent amendments, Fiera Milano SpA intends to proceed with the implementation of the plan to purchase treasury shares, in accordance with the authorisation conferred by the Ordinary Shareholders’ Meeting held on 27 April 2012.
The Company, implementing the plan to purchase treasury shares, taking into account the peculiarity of the current market condition, aims to act stabilising the stock’s prices and at the same time to give the market a signal of confidence in the Group.
The maximum number of the purchased shares cannot have a total nominal value, including any shares already owned, exceeding 20% of the share capital. The shares can be purchased at a price that must not be more than 10% lower or higher than the official reference price recorded for Fiera Milano stock on the electronic equity market (Mercato Telematico Azionario) organised and managed by Borsa Italiana SpA in the trading session preceding each purchase transaction.
Purchases will be carried out within 18 months after the date when the Shareholders’ Meeting passed the resolution, respecting current rules and official regulations.
The carried out transactions will be disclosed to the market, according to the terms and requirements of current regulations.
To date Fiera Milano SpA, directly and indirectly, owns 917,398 treasury shares, accounting for 2.18% of share capital.