(Alliance News) - illimity Bank Spa announced Tuesday that it has concluded the buyback involving the purchase of one million shares.

The plan was completed with the purchase of 160,000 shares for an average price of about EUR4.70 and a total value of EUR757,937.00 between June 17 and June 24.

Since the start of the program, the company has taken over all of the planned one million shares and for a countervalue of EUR4.9 million.

Following the purchases, the company holds 1.1 million shares, or 1.3 percent of the share capital.

On Tuesday, illimity closed 2.4 percent in the red at EUR4.87 per share.

By Claudia Cavaliere, Alliance News reporter

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