MAIRE S.p.A. Launches Share Buyback Program to Support Incentive Plans

An update from MaireTecnimont SpA ( (IT:MAIRE) ) is now available.

MAIRE S.p.A. has announced the initiation of a share buyback program starting March 5, 2025, aimed at supporting its various long-term incentive plans. The program, authorized by the shareholders’ meeting, allows for the purchase of up to 7.7 million shares, representing 2.34% of the company’s total shares, with an estimated maximum expenditure of 66.22 million euros. This move is expected to enhance the company’s incentive plans and potentially impact its market positioning by aligning employee interests with shareholder value.

More about MaireTecnimont SpA

MAIRE S.p.A. is a leading engineering group specializing in innovative technologies that support the energy transition. The company provides integrated engineering and construction solutions for transforming natural resources and offers sustainable technological solutions through its Sustainable Technology Solutions business unit, focusing on Sustainable Fertilizers, Low-Carbon Energy Vectors, and Circular Solutions. MAIRE operates in 50 countries and employs over 9,800 people, with its shares listed on the Milan Stock Exchange.

YTD Price Performance: 13.86%

Average Trading Volume: 2,409

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €3.06B

See more data about MAIRE stock on TipRanks’ Stock Analysis page.