(Alliance News) - Recordati Spa on Thursday announced that starting May 10 it will launch a new buyback plan for up to 1.5 million shares with a par value of EUR0.125 per share and a total value of EUR85 million.

The program will last until November 11.

As of today, the company holds 2.7 million shares, or 1.3 percent of the share capital.

Recordati trades in the red by 1.2 percent at EUR50.60 per share.

By Claudia Cavaliere, Alliance News reporter

Comments and questions to redazione@alliancenews.com

Copyright 2024 Alliance News IS Italian Service Ltd. All rights reserved.