Turin, April 18, 2025. With today’s AGM, the treasury share buy-back plan approved by the AGM of April 16, 2024, whose commencement was communicated to the market on that date, concluded. Based on this authorisation, the Company acquired 2,890,000 treasury shares at an average price of Euro 6.339, for a total investment of Euro 18.3 million.

Following the Shareholders’ AGM authorisation to purchase and utilise treasury shares adopted today, and already announced to the market, the Board of Directors of BasicNet S.p.A. has approved initiation of the relative plan. 

The programme seeks to - while always ensuring the equal treatment of Shareholders and complying with the applicable regulation: establish a treasury shares reserve to be used as consideration for any futurecorporate transactions with third parties, or as guarantee for financial transactions; remunerate shareholders in specific market situations, within the limits established by current legislation; take opportunities to create value, and to use liquidity efficiently in relation to market trends; allocate the shares to the service of any incentivisation and retention plan adopted by the Company, all within the limits of the applicable regulation and, where applicable, market practices endorsed by the competent oversight authority, in accordance with Article 13 of Regulation (EC) No. 596/2014 (“MAR”).

In accordance with the motions of the Shareholders' AGM, the purchase, which can be carried out on one or more occasions, may be for a maximum number of treasury shares equal to 20% of the share capital, for a maximum amount of Euro 30 million, in compliance with all legal limits and taking into account the treasury shares already held to date.

The share buy-back programme will conclude on the date of the Shareholders’ AGM called to approve the 2025 Annual Accounts. 

The Board of Directors has decided to continue to purchase shares on the Euronext Milan organised and managed by Borsa Italiana S.p.A., complying with, as set out by Consob, the applicable regulations.

The purchases shall be made at a unitary price of not more than 20% above or below the listed share price on conclusion of the trading session preceding each transaction.

The transactions undertaken shall be disclosed to the market according to the means and terms established by the applicable regulation.  

Any disposals shall be approved on a case-by-case basis by the Board of Directors. Depending on the purposes pursued, with regards to terms, means and conditions of use of the treasury shares, disclosure shall be provided.

As of today the Company holds 7,399,300 treasury shares, equal to 13.702 % of the share capital and to 9.361% of the voting rights exercisable.