NewPrinces jumps more than 13% after accelerating share buyback programme

Newprinces SpA

07/04/2026 09:11

** Shares in Italy's NewPrinces NWLF.MI rise as much as 13.5% after the food and retail group says it will accelerate its share buyback programme, citing strong financial position and stock undervaluation

** "Management believes that current market levels do not fully reflect the group's intrinsic value, the quality of its assets, or the growth prospects," NewPrinces says

** NewPrinces says it may buy additional shares up to 17.40% of its share capital, for a total not exceeding 20%

** Equita points to group's "solid net financial position (NFP)" - net cash of 319 million euros ($368 million) ex-leases ex-shareholder loan - and management's view that stock is undervalued

** Shares on track for best day since June 2024

($1 = 0.8663 euros)

 (Reporting by Laura Contemori)

 ((Laura.contemori@thomsonreuters.com))