(Alliance News) - CIR Spa announced Monday that it bought back 1.6 million of its own ordinary shares between March 4 and March 8.

The shares were taken over at an average unit price of EUR0.5283, for a total value of EUR826,604.86.

As of today, the company holds nearly 68.0 million of its own shares, accounting for 6.1 percent of its share capital.

CIR's stock closed Monday up 0.4 percent to EUR0.52 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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