(Alliance News) - Giglio.com Spa announced Wednesday that the shareholders' meeting approved the proposed authorization to buy back and dispose of its own shares.

The plan has a term of 18 months, up to 2.5 million shares, for a maximum consideration of EUR3.0 million.

Giglio.com's stock is flat at EUR2.36 per share.

By Chiara Bruschi, Alliance News reporter

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