Rest today kicks off a common stock buyback program. The buyback will concern a maximum number of 12.720.000 shares, equal to 5% of the capital, in accordance with the authorization issued by the shareholders' meeting on May 28th.
The program - recalls a note from the group - allows the company to carry out investment operations and the establishment of a stock of securities, directly or through intermediaries, in compliance with current provisions.
It can also be used for capital transactions or other transactions for which it is necessary or advisable to proceed with the exchange or sale of shares, as well as for stock incentive plans reserved for executive directors or employees of the company or its subsidiaries.
At the beginning of the afternoon, Autogrill's stock gained 1,25%, a 6,895 euro.
