(Alliance News) - Italian Wine Brands Spa announced Monday that director Massimiliano Mutinelli, purchased 1,000 ordinary shares in the company.

The shares were taken over at an average uintrary price of EUR23.00, for a total value of EUR23,000.

Italian Wine Brands' stock closed Monday up 2.7 percent at EUR24.50 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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