(Alliance News) - Inwit Spa on Monday announced that it has concluded its buyback plan organized in two tranches of about EUR150 million each for a total duration of 18 months.

In detail, the second tranche involved 14.9 million shares. In the sessions of October 14 and 15, the company reported that it bought back 204,256 shares at an average price of EUR10.597 and a countervalue of EUR2.2 million.

With reference to the entire plan, which was approved for a maximum of 31.2 million shares, 28.3 million shares were purchased at an average price of EUR10.597, representing 3.0 percent of the share capital.

On Monday, Inwit closed down 0.6 percent at EUR10.78 per share.

By Claudia Cavaliere, Alliance News reporter

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