Report on share buyback for the share plan for Generali Group employees
12 May 2020 - 19:27
Trieste – REPORT ON SHARE BUYBACK FOR THE SHARE PLAN FOR GENERALI GROUP EMPLOYEES, IMPLEMENTING THE RESOLUTION OF THE SHAREHOLDERS’ MEETING OF 7 MAY 2019.
Assicurazioni Generali S.p.A. (or the "Company") announces that it has purchased on the Mercato Telematico Azionario, organised and managed by Borsa Italiana S.p.A. ("MTA"), during the period from 4 to 11 May 2020, no. 938,842 treasury shares at a weighted average price per share equal to 12.8487 euro, for an aggregate amount of 12,062,875.87 euro.
The purchase of treasury shares follows up the announcement made last 13 March concerning the start of the share buyback for the Share Plan for Generali Group employees, implementing the resolution of the Shareholders’ Meeting of 7 May 2019 and following the announcement made in the press release of 7 May 2019.
On the basis of the information provided by the intermediary appointed to carry out the purchases, please find below a table that summarizes, in a daily and aggregate form, the Company’s ordinary shares’ purchases transactions carried out by the same intermediary on the MTA during the period indicated above.
Following these purchases, as of 11 May 2020 the Company and its subsidiaries owns no. 6,432,583 treasury shares, equal to 0.408% of its share capital.
As a result of the purchase transactions described above, the share buyback for the Share Plan for Generali Group employees has been completed, since the resolution of the Shareholders' Meeting of 7 May 2019 authorising the purchase of a maximum number of 6 million treasury shares has been fully implemented. The weighted average purchase price of the 6 million shares was Euro 12.1601.
Please find also below the daily breakdown of purchases of Assicurazioni Generali ordinary shares (ISIN code IT0000062072) carried out during the period from 4 to 11 May 2020.