SEC Newgate S.p.A. announces an Equity Buyback for 9,168,882 shares, for 10.21 million.
On February 17, 2022, the company initiated a Market Repurchase. Under the program, the buyback will take place under two stages. In the buyback period before delisting, the company has irrevocably instructed Arden Partners, the company's broker, to make on-market purchases of the company's ordinary shares up to an aggregate maximum of 5,790,567 ordinary shares. The program will end on March 2, 2022. In the buyback period following delisting, the company has appointed Asset Match to operate an electronic off-market dealing facility for SEC's ordinary shares. Any ordinary shares acquired by the company pursuant to the buyback shall either be cancelled or retained in treasury and eventually disposed of in accordance with the resolution. The program will end on May 18, 2022.