(Alliance News) - Caleffi Spa announced Thursday that a buyback plan already approved by shareholders this week will be launched on Friday, May 17.

The purpose of the plan is to buy back a maximum of 200,000 of the company's own oridinary shares, for a maximum amount of EUR200,000.

As of today, the company holds 128,175 treasury shares, or 0.8 percent of its share capital.

Caleffi's stock is in the green by 1.8 percent at EUR0.89 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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