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Snam: report on the purchase of treasury shares

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Snam Company

San Donato Milanese (Milan), 9 July 2018 – Snam acquired between 29 June and 6 July 3,470,407 of its own shares at an average price per share equal to 3.5833 euro, for an aggregate amount of 12,435,656.90 euro. The purchases were made within the share buyback programme pursuant to the resolution of the Shareholder Meeting on 24 April 2018. The start of the purchase plan was announced to the market on 18 June.

On the basis of information provided by the intermediary agent appointed for the implementation of the programme, the details of the purchases of treasury shares on the MTA (Electronic Stock Market) are reported below on a daily basis:

Date
Number of ordinary shares purchased
Average price (euro)
Consideration (euro)
29/06/2018
500,000
3.5816
1,790,800.00
02/07/2018
1,000,000
3.5501
3,550,100.00
03/07/2018
500,000
3.5937
1,796,850.00
04/07/2018
450,000
3.6079
1,623,555.00
05/07/2018
750,000
3.5917
2,693,775.00
06/07/2018
270,407
3.6263
980,576.90
 

Since the start of the purchase plan Snam acquired 14,703,120 own shares (equal to 0.42% of the share capital), for an aggregate amount of 51,786,589.93 euro.

Following the purchases, and taking into consideration the treasury shares already held, as of 6 July 2018 Snam held 105,625,745 shares equal to 3.04% of the share capital.

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updated
09 July 2018 - 11:07 CEST