Recordati has bought back nearly 34,000 of its own ordinary shares

(Alliance News) - Recordati Spa reported Monday that it bought back 33,922 of its own ordinary shares between Jan. 2 and Jan. 5.

The shares were taken over at an average unit price of EUR47.9992, for a total consideration of EUR1.6 million.

To date, the company holds 3.1 million treasury shares, or 1.5 percent of its share capital.

Recordati's stock closed Monday up 0.8 percent at EUR48.20 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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