(Alliance News) - BasicNet Spa announced Monday that it bought back 21,770 of its own ordinary shares between Jan. 2 and Jan. 6.

The shares were taken over at an average price per share of EUR5.552, for a total value of EUR120,870.77.

As of today, the company holds 3.9 million treasury shares, or 7.2 percent of its share capital.

BasicNet's stock closed Monday up 0.2 percent at EUR5.47 per share.

By Claudia Cavaliere, Alliance News reporter

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