Italian Wine Brands S.p.A. (BIT:IWB) commences share repurchases in October 2019, under the program mandated by the shareholders in the Annual General Meeting held on April 12, 2019. As per the mandate, the company is authorized to repurchase up its own shares. The shares will be repurchased at a price that does not exceed the higher between the price of the last independent transaction and the price of the highest current independent offer on the trading facilities where the purchase is made. The authorization will be valid for 18 months from Shareholder's Meeting. As of April 12, 2019, the company had 161,894 own shares held in treasury. On July 9, 2019, the company initiated a share repurchase program. Under the program, the company will repurchase up to 150,000 ordinary shares. As of July 9, 2019, the company has 169,344 own shares held in treasury.