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The Treasury Share Buyback Program related to the Third Cycle (2018) of the “2016-2018 Employee Share Ownership Plan Dedicated to the Employees of Maire Tecnimont Group” has been completed

11.07.2019 - 15:54

Milan, 11 July 2019 – Under the buyback program of Treasury Shares in relation to Art. 5 of the Commission Delegated Regulation (EU) of 8 March 2016 no. 596/2014 (the “MAR”), announced to the market on 17 June 2019 and launched on the same day for a maximum number of 1,150,000 ordinary shares (the “Program”) related to the Third Cycle (2018) of the "2016-2018 Employee Share Ownership Plan dedicated to the Employees of Maire Tecnimont Group” approved by the Ordinary Shareholders’ Meeting held on 27 April 2016 (the “Program”), according to the provision and for the purpose of Article 2 paragraph 3 of the Commission Delegated Regulation (EU) 2016/1052 of 8 March 2016 (the “1052 EU Regulation”), Maire Tecnimont S.p.A. (the “Company” or “Maire Tecnimont”) announces to have acquired on the Telematic Stock Exchange Market (MTA) organized and managed by Borsa Italiana S.p.A., in the period from 3 July 2019 through 9 July 2019 inclusive, total no. 602,770 of Treasury Shares (corresponding to 0.18% of the total number of ordinary shares), at a weighted average price of Euro 2.881 for a total countervalue of Euro 1,736,772.19.

It should be noted that, taking also into account the Treasury Shares already purchased during the period between 17 June 2019 and 21 June 2019 included, all the Treasury Shares needed for the Third Cycle (2018) of the Plan have been purchased; therefore the related Program has been completed. The delivery of the Treasury Shares of the Third Cycle (2018) awarded to the Beneficiaries of the Plan will be completed by 26 July 2019.

On the basis of the information provided by Banca IMI S.p.A., who is the authorized intermediary in charge of carrying out this buyback, here below is a summary of the daily transactions, in aggregate form:

 


CS 11.07.2019 eng

In accordance with the provisions of Article 2 paragraph 3 of the UE Regulation 1052, detailed information of the daily buying-in operations carried out in the above-mentioned period is included in the attachment to this press release.
This information is also published on the Company’s website, www.mairetecnimont.com (“Investors” – “Press Release” – “Press Release Buy Back”) for a five-year period.
As of today, the Company holds 674,292 Treasury Shares, also taking into account the shares already delivered to the Beneficiaries of the Plan.


Maire Tecnimont SpA
Maire Tecnimont S.p.A. is a company listed with the Milan stock exchange. It heads an industrial group (the Maire Tecnimont Group) that leads the natural resources processing sector (plant engineering in the oil&gas downstream industry, with specific technological and execution capabilities). Through its subsidiary NextChem the Group operates in the field of Green Chemistry and technologies supporting the energy transition. The Maire Tecnimont Group operates in approximately 45 different countries, numbering around 50 operative companies and a workforce of more than 6,300 employees, along with approximately 3,000 additional Electrical & Instrumentation professionals. For more information: www.mairetecnimont.com.

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