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Report on the purchase of treasury shares

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San Donato Milanese (Milan), 23 December 2016 – During the period from 16 to 22 December 2016 Snam acquired n. 1,700,000 own shares at an average price per share equal to 3.8013 euro, for an aggregate amount of 6,462,180.00 euro. The purchases were made within the authorization to the treasury shares purchase plan approved at Snam’s Shareholder Meeting on 1 August 2016. The start and the subsequent amendment of the purchase plan were announced to the market on 7 November 2016 and 7 December 2016 respectively, pursuant to art. 144-bis of Consob Regulation 11971/1999.

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

 
Date
Number of ordinary shares purchased
Average price (euro)
Consideration (euro)
16/12/2016
400,000
3.7556
1,502,240.00
19/12/2016
400,000
3.7999
1,519,960.00
20/12/2016
200,000
3.8085
761,700.00
21/12/2016
400,000
3.8286
1,531,440.00
22/12/2016
300,000
3.8228
1,146,840.00
 

Since the start of the purchase plan Snam acquired n. 28,223,168 own shares (equal to 0.81% of the share capital), for an aggregate amount of 100,852,465.46 euro.

Following the purchases announced today, and taking into consideration the treasury shares already held, on 22 December 2016 Snam holds n. 29,350,418 shares equal to 0.84% of the share capital.

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updated
23 December 2016 - 08:47 CET