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Mare Engineering Group SpA ( (IT:MARE) ) has provided an announcement.
Mare Group S.p.A. announced an increase in its treasury share purchase authorization up to €10 million to support growth projects and incentive plans, alongside approving new incentive measures for directors and key employees through Stock Grant and Stock Option Plans. These initiatives aim to align employee remuneration with strategic goals, enhance shareholder value, and maintain competitive compensation in the market, with potential issuance of up to 1,000,000 new shares, resulting in a maximum dilution of 6.69%.
More about Mare Engineering Group SpA
Founded in 2001, Mare Group is a digital engineering company listed on the Euronext Growth Milan market. It operates across the entire value chain of technological innovation, serving over 2,000 clients with more than 300 employees across 16 operational and commercial offices. The company is a significant player in the Italian innovation ecosystem, with a strong emphasis on R&D and has made 11 acquisitions since 2019 to bolster its market presence.
YTD Price Performance: -4.80%
Average Trading Volume: 21,470
Technical Sentiment Consensus Rating: Strong Buy
Learn more about MARE stock on TipRanks’ Stock Analysis page.
