ESI S.p.A. (BIT:ESI) commences share repurchases on December 29, 2021, under the program mandated by the Annual General Meeting held on December 28, 2021. As per the mandate, the company is authorized to repurchase 306,083 shares, representing 5% of its issued share capital, such that the company's holding in treasury together with the shares repurchased does not exceed 5% of its issued share capital at any point of time, for a total of €1.5 million. The purchase price of each share must be neither lower nor higher by more than 15% of the reference price that the ESI share will have recorded in the trading session on the previous day of each single transaction.

The purchase must be made within the limits of the distributable profits and available reserves resulting from the last duly approved financial statements. The repurchased shares are to be used, inter alia, in the service of the "Stock Grant Plan 2022- 2024 "approved in the previous point, allow its use as consideration in extraordinary transactions, to allocate them to the service of bonds convertible into company shares or bonds with warrants and use the shares in the context of operations connected with core business or projects consistent with the strategic lines of the company, in relation to which the opportunity for share exchanges is realized. The program is valid for 18 months.

As of December 10, 2021, the company had 6,121,661 shares in issue and no shares in treasury.