(Alliance News) - Inwit Spa announced Monday that it bought back 1.7 million of its own ordinary shares between June 3 and June 7.

The shares were taken over at an average unit price of EUR10.0394, for a total consideration of EUR17.0 million.

As of today, the company holds 20.8 million treasury shares, or 2.2 percent of its share capital.

Inwit's stock closed Monday at par at EUR9.85 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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