BasicNet S.p.A. (BIT:BAN) commences share repurchases on April 22, 2024, under the program mandated by the shareholders in the Annual General Meeting held on April 16, 2024. As per the mandate, the company is authorized to repurchase up to 6,360,600 shares, representing 11.79% of its issued share capital such that at any given time these shares do not exceed overall 20% of the share capital. The shares will repurchased at a unitary price of not more than 20% above or below the listed share price on conclusion of the trading session preceding every single transaction, or on the date on which the price is set.

The shares repurchased may be disposed. The purpose of the program is to equip the Company with a portfolio of treasury shares to be used as consideration in any future corporate transactions with third parties, or by pledging them as collateral in financial transactions, remunerate shareholders in specific market situations, within the limits established by current legislation, take opportunities to create value, and to use liquidity efficiently in relation to market trends, subsequently cancel the treasury shares, according to the terms and procedures eventually defined by the competent corporate bodies. The authorization will be valid until the next Annual General Meeting to be held for the approval of the 2024 financial statements.

As of March 8, 2024, the company has a share capital of 54,000,000 ordinary shares, including 4,398,200 treasury shares and and 4,439,400 treasury shares in portfolio.