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Class Editori SpA Announces Share Repurchase Program and Capital Increase


Monday, 29 Apr 2013 01:09pm EDT 

Class Editori SpA announced the assignment to the Board of Directors of delegation valid for a period of 18 months to purchase and dispose of treasury shares, in one or more tranches, within the limit of 10% of the share capital. The unit purchase price is determined in a minimum of EUR 0.10 (nominal value), with a maximum price not exceeding 20% of the average official price. Additionally, the Company reallocated to administrators the power to increase the share capital against payment for a maximum amount of EUR 5,000,000 by issuing up to a maximum of 50 million class A shares with a par value of EUR 0.10, as well as for an amount of up to EUR 185,000 by issuing up to 1,850,000 Class A ordinary shares, to be offered to employees. 

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