(Alliance News) - Eems Italia Spa announced Tuesday that it has issued 1.3 million new shares to Negma Group Investment Ltd.

The issue follows Negma's request for conversion of five bonds. Following the transaction, Eems' capital rises to EUR1.8 million, divided into 468.5 million listed ordinary shares.

Eems Italia's stock is down 1.2 percent at EUR0.0520 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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