Treviso, May 25, 2023 – Solid World Group S.p.A. (ticker S3D) (the “Company”), the parent of a leading digital technologies, 3D printing and additive manufacturing Group, following on from the press release of April 27, 2023, announces that it has initiated the treasury share buyback program, pursuant to Articles 2357 and 2357-ter of the Civil Code, authorized by the Shareholders’ Meeting of April 27, 2023.
The authorization permits the Board of Directors to carry out repeated purchase and sales transactions (or other utilization transactions) of treasury shares on a revolving basis, also for fractions of the maximum authorized quantity. It was granted for a period of 18 months from today’s resolution to allow the purchase of treasury shares up to a maximum number that, taking into account the Company’s treasury shares from time to time in its portfolio, does not exceed a total of 10% of the Company’s total share capital at any time.
There is no time limit on the authorization to dispose of and/or utilize any treasury shares purchased. The share purchase price shall be set on a case-by-case basis, considering the method chosen for carrying out the transaction and in compliance with any requirements under the regulations in force, but, in any case, without prejudice to the fact that the unit price may not 20% higher or lower than the official stock market price of the shares recorded by Borsa Italiana S.p.A. in the session preceding each individual transaction, and in any case for a maximum countervalue at any time of a total of Euro 500,000.
For the details and purposes of the buyback plan, please refer to the press release of April 27, 2023, available at www.solidworld.it > “investors” area > “SDIR press releases”
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SolidWorld Group S.p.A. is the parent of a group of 11 companies founded in the early 2000s by engineer Roberto Rizzo. isted on the Euronext Growth Milan segment, the Group is a leading developer and integrator of the latest and most comprehensive digital 3D software and hardware for manufacturing companies, supporting and accelerating their journey to Industry 4.0. Thanks to SolidWorld, all stages of a product’s production, from manufacturing to sales and recycling, are integrated through technologies that make the production process faster, more sustainable, and efficient. It operates
through 14 offices and 3 technology hubs and has over 150 employees and more than 8,000 client enterprises. The SolidWorld Group reported revenues of Euro 57.7 million in 2022, with a value of production of Euro 60.8 million and EBITDA of Euro 4.1 million. The company has been listed on the Euronext Growth Milan segment of Borsa Italiana since July 6, 2022 (with ticker S3D).
Contacts:
Investor Relations Manager
Elisabetta Cammarata
investor@solidworld.it
Corporate Media Relations SolidWorld GROUP
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