(Alliance News) - Inwit Spa announced Tuesday that it bought back 514,200 of its own ordinary shares between March 25 and March 28.

The shares were taken over at an average unit price of EUR10.5501, for a total consideration of EUR5.4 million.

As of today, the company holds 14.8 million treasury shares, representing 1.5 percent of its share capital.

Inwit's stock closed Tuesday down 2.3 percent at EUR10.29 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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