(Alliance News) - CIR Spa announced Monday that it bought back 524,500 of its own ordinary shares between May 20 and May 24.

The shares were taken over at an average price per share of EUR0.5510, for a total value of EUR289,024.80.

As of today, the company holds 15.9 million of its own shares, representing 1.5 percent of its share capital.

CIR's stock closed Monday up 0.2 percent at EUR0.55 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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