(Alliance News) - SosTravel.com Spa announced Monday that it has granted the chairman and chief executive officer powers to convene a shareholders' meeting to decide on authorizing the purchase and disposal of its own ordinary shares.

The maximum countervalue set is EUR250,000.

The company holds no treasury shares to date.

SosTravel.com closed Monday 1.4 percent in the red at EUR1.04 per share.

By Claudia Cavaliere, Alliance News reporter

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