Prysmian S.p.A. (BIT:PRY) announces a share repurchase program. Under the program, the company will repurchase up to €125 million worth of its shares. The purpose of the program is to use the repurchased shares as consideration in extraordinary transactions, including shareholding exchange, with third parties, for any transactions that are strategic to the company's interest and to serve any conversion rights under the bonds and for any other and additional purposes either under Article 5 of the MAR Regulation, or under the adopted market practice. The share repurchase program is valid until September 30, 2017. As of January 12, 2017, the company has 2,618,317 shares in treasury.