(Alliance News) - Caleffi Spa announced Tuesday that it has kicked off a buyback plan of up to 125,000 ordinary shares.

For the program, which will be managed by Banca Akros, the company will invest a maximum of EUR150,000.

As of today, Caleffi holds 3,175 treasury shares, representing less than 0.1 percent of its share capital.

Caleffi's stock gives up 1.1 percent to EUR0.89 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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