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Enav SpA ( (IT:ENAV) ) has provided an update.
Ena S.p.A.’s ordinary shareholders’ meeting has authorized the Board of Directors to purchase ordinary treasury shares for a total amount of up to €400,000, with the shares intended to support stock liquidity, serve as consideration in potential extraordinary transactions, and partly fund an employee incentive plan through stock grants linked to existing stock options. The meeting also approved broad powers for the Board to subsequently dispose of these treasury shares without time limits and via various permitted methods, again including use of up to €200,000 of shares for the stock grant component of the incentive plan, reinforcing Ena’s financial flexibility and its ability to manage capital structure, employee incentives and potential deal-making within the regulatory framework of Euronext Growth Milan and EU market rules.
The most recent analyst rating on (IT:ENAV) stock is a Buy with a EUR5.50 price target. To see the full list of analyst forecasts on Enav SpA stock, see the IT:ENAV Stock Forecast page.
More about Enav SpA
Ena S.p.A. is a Milan-based company listed on the Euronext Growth Milan market and operates as a leading player in the property management sector, focusing on the management and enhancement of real estate assets for investors and other market participants.
Average Trading Volume: 587,215
Technical Sentiment Signal: Buy
Current Market Cap: €2.64B
Learn more about ENAV stock on TipRanks’ Stock Analysis page.