The Board of Directors of MARR S.p.A. (Milan: MARR.MI), the leading company in Italy in the sale and distribution of food and non-food products to the foodservice, today decided to extend, under the same conditions, the mandate for the purchase and sale of treasury shares (the “buy back programme”) approved on May 13, 2022 confirming the delegation of authority to the Chief Executive Officer and to the Board member Claudia Cremonini, to carry out the related transactions jointly between them.
The extension of the buy back program and the related assignment to the delegated parties last until the meeting of the first Board of Directors following the Shareholders' Meeting of April 28, 2023, which will be called to renew the corporate bodies, with the possibility of subsequent extensions in compliance with the maximum period of 18 months authorized by the Shareholders' Meeting.
It must be noted that the buy back transactions may also be partial and that the Board of Directors may decide to suspend said activities at any time.
To date, the Company holds 298,730 treasury shares equal to approximately 0.45 percent of the share capital.
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