(Alliance News) - Assicurazioni Generali Spa announced Tuesday the launch of a buyback operation for a maximum of 11.3 million shares for a maximum value of EUR300.0 million.

The plan, the company announced, expires in August 2024 and is to be used for the execution of the group's long-term incentive plan called "LTI Plan 2023-2025" approved by the shareholders' meeting on April 28, 2023 as well as all remuneration and incentive plans approved by the shareholders' meeting and still being executed.

Assicurazioni Generali shares closed Monday in the green by 1.0 percent at EUR23.84 per share.

By Chiara Bruschi, Alliance News reporter

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