(Alliance News) - CIR Spa announced Monday that it bought back 1.4 million of its own ordinary shares between July 8 and July 12.

The shares were taken over at an average unit price of EUR0.6034, for a total value of EUR832,099.40.

As of today, the company holds 24.0 million treasury shares, accounting for 2.3 percent of its share capital.

CIR's stock closed Monday down 0.2 percent at EUR0.61 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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