GEFRAN S.P.A.
Gefran: updating of the Plan for the Acquisition and Disposal of Ordinary Shares
Provaglio d'Iseo (BS), 20 October 2014 - Gefran S.p.A. states that in the last five stock market trading days it bought 2,823 ordinary shares at an average price of €. 3.0808 per share, for a total consideration of €. 8,697.08=
Details of daily operations:
Date | Acquisitions | Sales | Average Price Acquisitions (euro) | Average Price Sales (euro) | Value Acquisitions (euro) | Value Sales (euro) |
13/10/2014 | 317 | 3.1640 | 1,002.99 | |||
14/10/2014 | 588 | 3.1309 | 1,840.97 | |||
15/10/2014 | 1,388 | 3.0687 | 4,259.36 | |||
16/10/2014 | 530 | 3.0071 | 1,593.76 | |||
Total | 2,823 | 3.0808 | 8,697.08 |
As a result of said acquisitions and sales Gefran S.p.A. owns a total of 183,308 ordinary shares
1.273% of the Share Capital).
The Plan comes under the mandate given to the Board of Directors by shareholder resolution passed on 29thApril 2014 and was launched on 7 July 2014. The general assembly authorised acquisition up to a maximum of 1,440,000,00 ordinary shares in Gefran S.p.A., each having a nominal value of €1.00. In accordance with the current regulations, the operations shall be completed within 18 months of the date of the resolution.
The aims of the mandate are to:
- intervene directly or through authorised intermediaries to limit abnormal movements in stock quotes and to regulate transactions and the exchange rates linked to excessive volatility or low liquidity;
- offer shareholders an additional means for monetising their investments;
The purchase price of own shares must not be less than the nominal value and must not exceed the average reference price of the last three stock market trading days prior to the date of acquisition, plus 15%; the selling price may not
be less than the reference price recorded by the securities on the stock market trading day preceding each disposal operation, less 10%.
Gefran will, in the manner established by the competent authorities, inform the market weekly of the number and average price of purchased shares, the cumulative number of shares and the total value of the investment on the date of the communication.
The executive in charge of preparing the company's accounting records Fausta Coffano declares that, in accordance with subsection 2, art. 154 bis, of the Financial Markets Consolidated Act, the accounting information reported herein corresponds to the documents, books and records held.
Contact:
Giovanna Franceschetti POWER EMPRISE Srl
Investor Relator Via Albani 5 - 20149 Milano
Gefran SpA, Via Sebina 74 Tel 02/39400100 - Fax 02/3940000
25050 Provaglio d'Iseo (BS) Cosimo Pastore, cell. 335/213305
Tel 030 98881mailto:cosimopastore@poweremprise.comcosimopastore@poweremprise.comFax 030 9839063 Sara Pavesi Cell. 340.6486083 g.franceschetti@gefran.commailto:sarapavesi@poweremprise.comsarapavesi@poweremprise.commailto:sarapavesi@poweremprise.comwww.gefran.comhttp://www.poweremprise.com/www.poweremprise.com
Gefran Group operates at four production units, two located in Provaglio d'Iseo (BS), where sensor products and
automation components are manufactured; over the years the facilities focusing on drive production in Gerenzano (VA)
were added as well as the facilities in Shanghai, China.
Gefran Group operates directly in major international markets through branches in Italy, France, Germany, Switzerland, United Kingdom, Belgium, Spain, United States, Brazil, China, Singapore and India and through production branches also in China, Germany, Brazil and the United States. Gefran Group employs over 900 workers. Specialised know‐how, project and production flexibility, innovation driven and quality processes and products are all key factors in the success of Gefran. Moreover, total control over process technology and application know‐how enables Gefran to develop integrated tools and systems for specific applications in several different industrial sectors: from processing plastic materials to the foodstuff industry and pharmaceuticals, to machinery for packaging or die‐casting.
Gefran spa
Via Sebina, 74
25050 Provaglio d'Iseo (BS) Italy
Tel. +39 030 9888.1
Fax +39 030 9839063http://www.gefran.com/www.gefran.com
info@gefran.com
Cap. Soc. € 14.400.000 i.v.
Reg. Imprese Brescia 03032420170
R.E.A. 313074 BS
N. Mecc. BS 016227
C.F. 03032420170
P.IVA (TVA-VAT-MWS) IT03032420170
GEFRANGefran has been /isted on the lta/ian stock exchange since 9 June 1998 and has been in the segment of high performance
securities {STAR) since 2001.
Gefran spaVia Sebina, 74
25050 Provaglio d'Iseo (BS)
ltaly
Tel. +39 030 9888.1
Fax +39 030 9839063 www.gerran.com info@gefran. com
Cap. Soc. € 14.400.000 i.v.
Reg. Imprese Brescia 03032420170
R.E.A. 313074 BS
N. Mecc. BS 016227
C. F. 03032420170
P.IVA (TVA-VAT-MWS)
IT03032420170
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