Racing Force Initiates Share Buyback Program and Appoints Equita SIM as Intermediary

Racing Force S.p.A., a company specializing in safety components for motorsports, announced the commencement of its share buyback program, following a resolution approved by shareholders on April 29, 2024. The program is aimed at enhancing shareholder value and managing the company’s capital efficiently. Racing Force, listed on the Euronext Growth in Milan and Paris, has appointed Equita SIM S.p.A. as the independent intermediary to manage the program.

The buyback will be executed under the constraints of applicable regulations, including the Market Abuse Regulation (EU) and its related provisions. The objectives of the buyback include supporting share liquidity, utilizing capital for long-term investments, and provisioning shares for the company’s Stock Grant Plan 2023-2025. The program allows for the acquisition of up to 20% of the company's share capital by October 29, 2025.

Transactions will adhere to strict price guidelines and volume limitations to maintain compliance with established market practices. Notable trading conditions include not exceeding 25% of the average daily volume of the shares and pricing restrictions tied to the last independent transaction.