(Alliance News) - Elica Spa announced Monday that between Dec. 5 and Jan. 5 it purchased 53,437 of its own shares.

The shares were purchased at a weighted average price of EUR2.21, for a total value of EUR118,096.

As a result of the purchases to date, Elica holds 1.1 million treasury shares, or 1.7 percent of the share capital.

Elica's stock is at parity at EUR2.32 per share.

By Chiara Bruschi, Alliance News reporter

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