(Alliance News) - Italian Wine Brands Spa announced Wednesday that it has concluded its share buyback program.

Under the plan, the company bought back 30,000 of its own shares, paying an average of EUR17.58 each for a total value of EUR527,468.92.

To date, the company holds 70,681 treasury shares, or 0.8 percent of its share capital.

IWB's stock is up 0.3 percent at EUR18.50 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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