PADUA—Safilo S.p.A., a subsidiary of Safilo Group S.p.A., has announced that, as per the authorization granted by the Shareholders’ Meeting held on April 24, 2024, it has engaged Kepler Cheuvreux, as a qualified third-party broker, to launch the Safilo Group S.p.A. share (the “Shares”) purchase program pursuant to art. 5 of Regulation (EU) no. 596/2014 and Delegated Regulation (EU) no. 1052/2016 (the “Program”) on behalf of the Company. This launch starts from July 1, 2024, and is in full independence, also in relation to the timing of any single transactions and in compliance with the applicable legislation and the provisions of the meeting resolution.

The Program is aimed at the purchase of Shares to be used to service the 2023-2025 Stock Option Plan of Safilo Group S.p.A. and Safilo S.p.A. approved by the ordinary meeting of Safilo Group S.p.A. on April 27, 2023, as well as any stock incentive plans that may be approved in the future, the announcement stated.

The purchase of the Program may concern a maximum of n. 11,000,000 Shares, equal to approximately 2.7 percent of the Shares currently issued, for a total expenditure up to €14 million. The number of Shares covered by the Program represents a portion of the total number of Shares, equal to a maximum of n. 16,000,000 Shares (approximately 3.9 percent of the Shares currently issued), authorized for purchase by the Shareholders' Meeting of Safilo S.p.A. on April 24, 2024, according to the company.

The purchase price of each Share (i) shall be not lower or higher of more than 10 percent of the reference price (prezzo di riferimento) of the Share on Euronext Milan on the trading day preceding the relevant date of purchase and (ii) shall not be greater than the higher of the price of the last independent trade and the highest current independent bid on Euronext Milan at the time the purchase is carried out, the company noted. Purchases will start today, July 1, 2024, and end on December 31, 2024.

Purchases of Shares under the Program will be made on the regulated Euronext Milan market, organized and managed by Borsa Italiana S.p.A., in compliance with current legislation and, in particular, Article 132 of Legislative Decree no. 58/1998, Article 144-bis and 144-bis.1 of Consob Regulation no. 11971/1999 and the community and national legislation on market abuse in force from time to time (including Article 5 of Regulation (EU) no. 596/2014 as well as the applicable provisions of Delegated Regulation (EU) no. 1052/ 2016). Purchases will be made by Kepler Cheuvreux, as an independent intermediary.

Any subsequent changes to the terms and conditions of the Program will be promptly disclosed to the public in accordance with current legislation. Furthermore, the transactions carried out during the execution of the Program and the related details will be communicated to the market in accordance with applicable legislation. As of June 28, 2024, Safilo Group S.p.A., including through subsidiaries, does not hold treasury shares.