(Alliance News) - Italian Design Brands S.p.A announced Wednesday that it intends to start a buyback program for a maximum countervalue of EUR2.0 million. Total purchases will not exceed 20% of the share capital. The program will run from December 18, 2023 to March 31, 2024.

For the purpose of implementing the program, the company will operate through a specialized intermediary and has specifically appointed Equita Sim for this purpose.

Italian Wine Brands on Wednesday closed in the green by 1.2 percent at EUR17.36 per share.

By Maurizio Carta, Alliance News reporter

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