(Alliance News) - d'Amico International Shipping SA announced Wednesday that it has resolved to start a new share buyback program as of June 19.

The company announced that the maximum number of shares that can be repurchased is 18.6 million.

As of today, d'Amico International Shipping holds 18 million of its own shares, corresponding to 1.5 percent of its share capital.

d'Amico International Shipping closed Wednesday in the green by 1.1 percent at EUR0.36 per share.

By Claudia Cavaliere, Alliance News reporter

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