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.) 2,638,972 of the Company’s ordinary shares (approximately 0.4565% of the share capital), in the period between 15 and 19 February 2016, at an average price of EUR 9.2735 per share, net of commission. The total purchase price was around EUR 24,472,460.31.
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 4,006,005 ordinary shares (approximately 0.6929% of share capital) for a total purchase price of around EUR 37,200,133.91.
Details of the daily transactions are shown below
|Date||No. of ordinary shares acquired||Average price per share (EUR)|| |
Purchase price (EUR)
|15 February 2016||220,105||9.2362||2,032,933.80|
|16 February 2016||970,000||9.1769||8,901,593.00|
|17 February 2016||523,457||9.2716||4,853,283.92|
|18 February 2016||425,410||9.4624||4,025,399.58|
|19 February 2016||500,000||9.3185||4,659,250.00|
Following the above mentioned acquisitions and taking into account treasury shares already held, Finmeccanica currently holds 3,844,152 treasury shares, equal to approximately 0.6649% of its share capital.