SABAF S.P.A. Press release Ospitaletto, 29 August 2016
Update on the execution of the buy-back programmeWith 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 22 August 2016 and 26 August 2016 acquired no. 826 treasury shares at an average unit price of € 9.1997 per share, for a total amount of € 7,598.97.
Details of the transactions on a daily basis:
Date | Number of shares purchased | Average price per share (EUR) | Countervalue (EUR) |
22 August 2016 | 100 | 9.1600 | 916.00 |
23 August 2016 | 380 | 9.1820 | 3,489.16 |
25 August 2016 | 100 | 9.2200 | 922.00 |
26 August 2016 | 246 | 9.2350 | 2,271.81 |
Total | 826 | 9.1997 | 7,598.97 |
Following to such operations, Sabaf owns, as at 26 August 2016, no. 179,759 treasury shares, amounting to 1.559% of the share capital.
For more information:
Investor RelationsGianluca Beschi
tel. +39 030 6843236
gianluca.beschi@sabaf.it www.sabaf.it
Press OfficePower Emprise - tel. +39 02 39400100
Cosimo Pastore - +39 335 213305 cosimopastore@poweremprise.com Erminia Cannistrà - +39 340 8684279 erminiacannistra@poweremprise.com Arnaldo Ragozzino - + 39 335 6978581 aragozzino@twistergroup.it
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
Sabaf S.p.A. published this content on 29 August 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 29 August 2016 07:16:11 UTC.
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