Finmeccanica: periodic communication on the share buyback programme
As part of the share buyback programme authorised by the Shareholders’ Meeting held on 11 May 2015, Finmeccanica acquired on the Italian Stock Exchange (M.T.A.) 1,167,033 of the Company’s ordinary shares (approximately 0.2019% of the share capital), in the period between 8 and 12 February 2016, at an average price of EUR 8.8595 per share, net of commission. The total purchase price was around EUR 10,339,293.60.
As announced to the market, these shares are intended to serve the needs related to the Incentive Plans approved by the same Shareholders’ Meeting.
Since the launch of the programme, Finmeccanica has acquired a total of 1,367,033 ordinary shares (approximately 0.2364% of share capital) for a total purchase price of around EUR 12,727,673.60.
Details of the daily transactions are shown below:
|Date||No. of ordinary shares acquired||Average price per share (EUR)|| |
|10 February 2016||167,033||9.2182||1,539,743.60|
|11 February 2016||500,000||8.7662||4,383,100.00|
|12 February 2016||500,000||8.8329||4,416,450.00|
Following the above mentioned acquisitions and taking into account treasury shares already held, Finmeccanica currently holds 1,205,180 treasury shares, equal to approximately 0.2085% of its share capital.