BIT:ENAVInfrastructure
Is ENAV’s Small, Remuneration-Focused Buyback Reframing Its Capital Allocation Story (BIT:ENAV)?
ENAV S.p.A. has commenced a previously approved share repurchase program, allowing buybacks of up to 1,400,000 shares over 18 months to fund employee equity plans and help support market liquidity, with strict price limits tied to recent trading levels and market bids.
This relatively small buyback, representing about 0.26% of ENAV’s share capital, underlines management’s continued emphasis on equity-based remuneration and measured capital management alongside its regulated air navigation...