Racing Force Shareholders Approve New Buyback Plan and Audit Changes

The Shareholders' Meeting of Racing Force S.p.A. has approved significant financial moves. A major decision was the authorization for a new treasury share buyback plan, replacing the unexecuted portion of the previous authorization. The Board of Directors can now purchase up to 20% of the company’s share capital over the next 18 months. These transactions will be subject to market regulations and pricing limits.

Additionally, the engagement period for the statutory auditor KPMG S.p.A. has been amended. Originally set for nine years, the term has been reduced to three years, extending until the end of 2027. This change aligns with new legislative requirements in Italy.

The decisions are part of Racing Force's strategic financial management, allowing flexibility in share dealings and compliance with regulatory changes.