Mare Group Launches Share Buy-Back as It Hits Stock Plan Targets and Consolidates Contracts

Mare Engineering Group SpA ( (IT:MARE) ) has provided an announcement.

Mare Group’s board has approved the launch of a share buy-back and disposal programme, authorising the repurchase of up to 3,867,050 shares within 18 months to support market liquidity, build a treasury share pool for strategic transactions and fund existing and future incentive plans. The programme, to be executed by MIT SIM as an independent intermediary, will be conducted within regulatory limits and available reserves, and complements the company’s existing holding of 59,562 treasury shares.

The board also confirmed that 2025 performance targets under the 2024-2027 and 2025-2027 stock option and stock grant plans were achieved based on pro-forma adjusted consolidated figures reflecting Mare Group’s external growth and IFRS transition, reinforcing management’s alignment with shareholders. In addition, the directors verified the independence of non-executive board members Valeria Conti and Francesco Grillo, and authorised director Maurizio Ciardi to formalise Mare Group’s role as lead party in a reconstituted temporary association of companies, ensuring continuity of a significant multi-year framework agreement following the merger of La SIA into Mare Group.

More about Mare Engineering Group SpA

Mare Group S.p.A. is an Italian hi-tech engineering hub listed on Euronext Growth Milan, operating in strategic sectors such as aerospace and defence, industry, critical infrastructures and the twin transition. The company follows an asset-light model built on proprietary platforms, serving over 2,000 clients with more than 700 employees across 35 offices in five countries, and has become a major innovation aggregator in Italy and Europe through 19 acquisitions since 2019.

Average Trading Volume: 23,185

Technical Sentiment Signal: Sell

Current Market Cap: €65.51M

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