Buzzi SpA announces the start of a share buyback program pursuant to the authorization passed at the Shareholders’ Meeting of 13 May 2025. The program provides for the purchase of up to a number of shares which, taking into consideration the ones held from time to time in treasury by the company and its subsidiaries, does not overall exceed the maximum limit established by the applicable pro tempore regulations, for a maximum amount of €200 million.
The purchases are aimed at the subsequent cancellation of the treasury shares acquired, in order to grant shareholders additional remuneration compared to dividend distributions. To this end, a proposal will be submitted to the next Shareholders’ Meeting, in extraordinary session, to cancel all shares purchased under the announced buyback program, without reducing the share capital. In addition, the company intends to propose to the next Shareholders’ Meeting the cancellation of the shares already held by the company (currently 11,601,276 treasury shares, corresponding to 6.023% of the share capital), again without reducing the share capital.
The share buyback program will be accomplished within the terms resolved upon at the Shareholders’ Meeting of 13 May 2025 and disclosed to the market by the press release issued on the same day, starting from 27 February 2026, and is expected to end by August 2026. It should be noted that the shareholders’ authorization is valid for eighteen months starting from 13 May 2025.
The shares will be repurchased in accordance with one of the operating methods set forth under Article 144-bis, paragraph 1, of Consob Regulation No. 11971/1999 on the Euronext Milan market.
In particular, any buybacks executed on the market will be carried out in accordance with the methods established by Borsa Italiana SpA, which do not permit the direct combination of offers to buy with predetermined offers to sell. The program will comply with the laws and regulations applicable to this type of transaction and, in any case, with the operational procedures set out in Article 5 of Regulation (EU) no. 596/2014 and Delegated regulation (EU) no. 1052/2016.
Bank of America has been entrusted with the execution of the buyback program and will operate with full independence.
In any case, the unit purchase price per share will range from a minimum per share no less than 10% and to a maximum per share no more than 10% compared to the reference price of the ordinary share recorded in the stock market session of the day before the completion of the purchase transaction.
As of today, the company owns 11,601,276 treasury shares, corresponding to 6.023% of the share capital.
The transactions carried out will be disclosed to the market in accordance with the terms and procedures set forth in the current regulatory framework.

Company contacts:
Investor Relations Assistant
Ileana Colla
Phone +39 0142 416404
Email: ileana.colla@buzzi.com