Update on the execution of the buy-back programme
September 21 2015 - 5:27AM
Italian Regulatory (Text)
Press release
Ospitaletto, 21 September 2015
Update on the execution of the buy-back programme
With reference to the buy-back programme approved by the
shareholders on 5 May 2015 and launched on 14 September 2015, Sabaf
S.p.A. informs that in the period between 14 September 2015 and 18
September 2015 acquired no. 7,000 treasury shares at an average
unit price of 11.5027 per share, for a total amount of 80,518.79.
Details of the transactions on a daily basis:
Date Number of shares purchased 1,100 1,300 1,650 1,650 1,300 7,000
Average price per share (EUR) 11.3038 11.3904 11.4143 11.6424
11.7181 11.5027 Countervalue (EUR) 12,434.18 14,807.52 18,833.60
19,209.26 15,233,53 80,518.79
14 September 2015 15 September 2015 16 September 2015 17 September
2015 18 September 2015 Total
Following to such operations, Sabaf owns, as at 18 September 2015,
no. 7,507 treasury shares, amounting to 0.065% of the share
capital.
For more information:
Investor Relations Gianluca Beschi tel. +39 030 6843236
gianluca.beschi@sabaf.it www.sabaf.it Press Office
Power Emprise - tel. +39 02 39400100
Cosimo Pastore +39 335 213305 cosimopastore@poweremprise.com Sara
Pavesi - +39 340 6486083
sarapavesi@poweremprise.com
Erminia Cannistrà - +39 340 8684279
erminiacannistra@poweremprise.com
Founded in the early 1950s, SABAF has grown consistently over the
years to become the key manufacturer in Italy and one of the
leading in the world of components for kitchens and domestic gas
cooking appliances. There are four main production lines: valves,
thermostats and burners for gas cooking appliances and hinges for
ovens, washing machines and dishwashers.Technological expertise,
manufacturing flexibility, and the ability to offer a vast range of
components tailor-made to meet the requirements of individual
manufacturers of cookers and built-in hobs and ovens and in line
with the specific characteristics of its core markets are Sabaf's
key strengths in a sector featuring major specialisation,
constantly evolving demand and an ever-increasing orientation
towards products assuring total reliability and safety. The Sabaf
Group has more than 700 employees. It operates through its direct
parent company Sabaf S.p.A. and the subsidiaries Faringosi Hinges
(leader in the production of oven and dishwasher hinges), and Sabaf
do Brasil, Sabaf Turkey and Sabaf China, which are active in
production of burners for their regional markets.
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