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Ansaldo STS SpA Authorizes Share Repurchase Program


Monday, 25 Mar 2013 08:43am EDT 

Ansaldo STS SpA announced that it has authorized the share repurchase program. The authorisation to purchase own shares is requested for a period of 18 months from the date of approval by the shareholders’ meeting. The authorisation to dispose of own shares is requested for an unlimited period. In line with last year resolutions, purchases of own shares may be carried out via one or more transactions up to the maximum allowed by law, i.e. up to 20% of the Company’s share capital (32 million shares, minus the own shares held by the Company at the time). Therefore, given the current share price of Ansaldo STS on the Milan Stock Exchange, the potential maximum outlay for such transactions is approximately EUR 231 million.