Azimut Holding to start share buyback as CEO signals confidence

Investing.com -- Azimut Holding SpA (BIT:AZM) on Friday announced it will immediately begin a share buy-back program, with management also planning to purchase shares to demonstrate confidence in the company’s TNB project.

The company expressed "strong confidence" in the TNB project, which is expected to receive authorization by the second quarter of 2026.

Azimut’s CEO stated that the company’s "commitment to strategic capital management is concrete and immediate," emphasizing management’s confidence through their personal investment in company shares.

The move comes as part of Azimut’s broader capital management strategy, with the buyback program set to commence right away.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.