(Alliance News) - IDNTT SA announced Monday that a significant Swiss fund has entered the company's capital after acquiring 140,000 ordinary shares in IDNTT from its chairman and CEO, Christian Traviglia.

The shares -- amounting to 1.9 percent of the company's capital -- were taken over at the blocks at EUR3.40 each, with the free float now up to 36.5 percent from 34.7 percent.

Christian Traviglia commented, "We continue to see interest in IDNTT from institutional funds including international ones. We are particularly pleased to announce today's agreement, which allows us to increase the free float and further enrich the shareholder base with players of primary level and long-term vision, supporting the IDNTT group's growth project."

IDNTT's stock is down 0.3 percent at EUR3.39 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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