(Alliance News) - Webuild Spa announced Tuesday that it has concluded the share buyback program initiated on April 28, 2023.

Under the said program, a total of 5.6 million of its own ordinary shares were purchased, representing 1.2 percent of the total volume of shares traded during that period, at an average price of EUR1.96 per share, for a total value of EUR10.9 million.

In addition, the shareholders' meeting initiated a new buyback, which can be carried out within 18 months from the date of the shareholders' meeting resolution and, therefore, by October 24, 2025, and can relate to up to a maximum number of ordinary treasury shares such that they do not exceed 10% of the share capital at the time of the transaction.

From April 22 to April 26, therefore, the company has already purchased 315,000 of its own ordinary shares at an average price of EUR2.1859 for a total consideration of EUR688,549.85.

Webuild's stock gives up 1.1 percent to EUR2.37 per share.

By Chiara Bruschi, Alliance News reporter

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