ANIMA Holding bucks the trend on the stock market thanks to buyback, acquiring more than 1% in two months

September 21, 2022

Abstract : Its stock is in the positive as the FTSE MIB gives up nearly 1%. With the investments made last week, the Group has 3.29% in its portfolio compared to the 1.98% held at the start in mid-July

MILAN, Sep 19 (Class Editori) — While waiting to figure out a possible involvement in MPS' 2.5-billion-euro capital increase, ANIMA Holding is continuing the buyback it started on July 15. The share buyback program had been approved by the shareholders' meeting at the end of March and envisages investments of up to 30 million euros by October 31 next year. Based on the latest shopping carried out between September 12 and September 16, the Group led by CEO Alessandro Melzi d'Eril holds more than 11.3 million treasury shares in its portfolio, equal to about 3.29% of the share capital. At the time the buy-back was initiated last July, ANIMA had a total stake of 1.98%.

The price of the buyback

The unit consideration, however, may not be at least 10% lower and at most 10% higher than the closing price recorded by the stock in the trading session preceding each individual buyback transaction. The stock is currently at +0.43% to 3.26 euros, bucking the trend on the Piazza Affari list where the FTSE MIB is losing 0.9%.

Inflows stand still

In the meanwhile, as emerged by data published in early September, despite market difficulties, ANIMA Group’s net inflows of assets under management, excluding Branch I insurance proxies, are holding their course. In August, flows were positive by 28 million euros, after July’s 101 million euros, for a total of about 1 billion euros since the beginning of the year (compared to 2 billion euros in the same period of 2021, which then closed with inflows of 6.07 billion euros). In detail, open-end funds had outflows of 48 million euros, while individual management accounts collected 76 million euros. Since January, the former has been in the black by 260 million euros, the latter by 747 million euros. At the end of August, the asset management company’s total assets under management stood at about 183 billion euros, compared to the 200.8 billion euros at the end of August and the 203,9 billion euros at the end of 2021.

(Source:Class Editori)

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