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Snam: Disclosure of treasury shares purchase

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Snam Company

San Donato Milanese (Milan), 26 February 2020 – Following the announcement on 16 December concerning the start of the share buyback authorized at the Shareholder Meeting of 2 April 2019, Snam announces that, during the period from 19 to 25 February, it has purchased n. 6,350,673 treasury shares at an average price per share equal to 4.8723 euro, for an aggregate amount of 30,942,137.98 euro.

On the basis of information provided by the intermediary appointed for the repurchase of the shares, please find the details of the daily purchases of treasury shares on the MTA (Mercato Telematico Azionario) reported below:

Date

Number of ordinary shares purchased

Average price (euro)

Consideration (euro)

18/02/2020

221,661

5.0752

1,124,973.91

19/02/2020

977,346

5.0375

4,923,380.48

20/02/2020

722,043

5.0029

3,612,380.92

24/02/2020

1,929,623

4.8258

9,311,974.67

25/02/2020

2,500,000

4.7878

11,969,500.00

 

Since the start of the share buyback, Snam has acquired 27,462,871 treasury shares (equal to 0.81% of its share capital), for an aggregate amount of 130,910,183.69 euro.

Following these purchases, and taking into consideration the treasury shares already owned, as of 25 February 2020 Snam owns 121,462,871 treasury shares equal to 3.58% of its share capital.

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updated
26 February 2020 - 08:35 CET