Safilo S.p.A., a subsidiary of Safilo Group S.p.A. (the “Company”), announces, as per the authorization granted by the shareholders’ meeting held on April 28, 2026, that has engaged Kepler Cheuvreux, as qualified third-party broker, to launch, starting from June 8, 2026 – in full independence, also in relation to the timing of any single transactions and in compliance with the applicable legislation and the provisions of the shareholders’ meeting resolution – the Company ordinary shares (the “Shares”) purchase programme (the “Programme”) on behalf of Safilo S.p.A..
The Programme has the following features:
Purposes of the Programme
In line with the share buyback programme launched in 2025, the new Programme aims to strengthen the Company’s treasury share reserve, while preserving operational flexibility for potential future use.
Maximum number of shares and maximum amount in cash allocated to the Programme
The purchase of Shares under the Programme will concern a maximum of n. 10,000,000 Shares, equal to approximately 2.5% of the outstanding Shares, for a total maximum consideration up to Euro 20 million.
Minimum and maximum price
The purchase price of each Share (i) shall be not lower or higher of more than 10% of the reference price (prezzo di riferimento) of the Share on Euronext Milan on the trading day preceding the relevant date of purchase and (ii) shall not be greater than the higher of the price of the last independent trade and the highest current independent bid on Euronext Milan at the time the purchase is carried out.
Duration of the Programme
The Programme will start on June 8, 2026 and will end within November 30, 2026.
Procedures according to which the purchases will be carried out
The purchases of Shares under the Programme will be carried out on the Euronext Milan regulated market, organized and managed by Borsa Italiana S.p.A., in compliance with current legislation and, in particular, Article 132 of Legislative Decree no. 58/1998, Article 144-bis and 144-bis.1 of Consob Regulation no. 11971/1999 and the community and national legislation on market abuse in force from time to time (including Article 5 of Regulation (EU) no. 596/2014 as well as the applicable provisions of Delegated Regulation (EU) no. 1052/2016). As indicated above, the purchases will be carried out by Kepler Cheuvreux, as independent third-party broker.
Any subsequent changes to the terms and conditions of the Programme will be promptly disclosed to the public in accordance with current legislation. Furthermore, the transactions carried out during the execution of the Programme and the related details will be communicated to the market in accordance with applicable legislation.
Finally, it should be noted that as of the date of this press release, Safilo S.p.A. holds a total number of 22,945,488 Shares, equal to approximately 5.5% of the Shares currently issued.
