Acquisition and disposal of treasury shares
The Shareholders' Meeting held on April 17th, 2019 authorized a new plan for the acquisition and disposal of treasury shares, that is effective for a period of 18 months.
The new plan is authorized to allow the purchase and disposal of a number of new shares for a period of 18 months, which could allow the company to hold a total amount of treasury shares not higher than 10% of share capital.
The aim of the new buyback plan is to provide Amplifon with efficient means to access treasury shares to:
- service stock-based incentive plans, both current and future, reserved for executives, employees and/or staff members of Amplifon or its subsidiaries
- allow potential free allocation of shares to shareholders.