PADUA, Italy—Safilo S.p.A., a subsidiary of Safilo Group S.p.A., announced that it has engaged Kepler Cheuvreux, as qualified third-party broker, to launch the company’s ordinary shares purchase program on behalf of Safilo S.p.A. This launch is per the authorization granted by the shareholders’ meeting on April 28, 2026, in full independence, 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 said. The program launched on June 8, 2026, and will end within November 30, 2026, the announcement said.
According to Safilo, the program aims to strengthen the company’s treasury share reserve while preserving operational flexibility for potential future use. This is in line with the share buyback program launched in 2025.
The purchase of shares under the program will concern a maximum of n. 10,000,000 shares, equal to approximately 2.5 percent of the outstanding shares, for a total maximum consideration up to €20 million, Safilo said. The purchase price of each share shall not be lower or higher of more than 10 percent of the reference price (prezzo di riferimento) of the share on Euronext Milan on the trading day preceding the relevant date of purchase and shall not be greater than the higher of the price on the last independent trade and the highest current independent bid on Euronext Milan at the time the purchase is carried out, the company said.
According to Safilo, the purchases of shares under the program 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). The purchases will be carried out by Kepler Cheuvreux as an independent third-party broker.
Any subsequent changes to the terms and conditions of the program will be promptly disclosed to the public in accordance with current legislation, the company said. The transactions carried out during the execution of the program and the related details will be communicated to the market in accordance with applicable legislation.
As of June 8, 2026, Safilo S.p.A. reported holding a total number of 22,945,488 shares, equal to approximately 5.5 percent of the shares currently issued.
