(Alliance News) - BasicNet Spa announced Monday that it purchased 16,250 of its own ordinary shares between Dec. 11 and 15.

The shares were taken over at an average unit price of EUR4.6540, for a total consideration of EUR75,631.58.

As of today, the company holds 4.3 million treasury shares, or 8.1 percent of its share capital.

BasicNet's stock Monday closed down 0.24 percent at EUR4.64 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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