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13 February 2012
In the framework of the purchasing plan of company’s own shares authorized by the Shareholders’ Meeting on April 28, 2011, Reply informs that during the last 5 trading days (February, 6 – February, 10 2012) it purchased n. 4,050 company’s own shares at an average price of Euro 17.294 per share, equal to a Euro 70,040.02 counter-value.
The stock buyback plan is in compliance with the terms of the authorisation to buy back the company’s shares, given by the Shareholders Meeting summoned on April 28, 2011 that approved an 18-month purchasing plan of company’s own shares effective as of the deliberation date, for a maximum number of 743,759 ordinary shares (amounting to 8.06% of the corporate capital) for a nominal value of Euro 0.52 per share and a total nominal value of maximum Euro 386,754.68 and however within the limit of maximum financial commitment of 30 million Euros. The purchases will be executed in compliance to current regulations and the purchase price may not be higher than the official price of trades recorded on the MTA Market the day prior to purchase, increased by 15%.
The primary objective of this new plan is the purchase of stakes in and/or entering into agreements with strategic partners, with Directors, Employees and Associates, besides as part of a stock option plan.