(Finance) – Negma Group Investment communicated to EPH (formerly ePrice) by not being able to sell the shares deriving from the convertible bonds, due to the substantial absence of interest on the part of the market, as demonstrated both by the low trading volume of the shares on the stock exchange and by the substantial absence of parties interested in acquiring control in the current conditions and the lack of perspectives.
This situation led to a significant increase in its stake in the company for Negma, so much so that it took control and generated additional financing charges which were not foreseen.
Negma, specialized in the POCs that led to the pulverization of various securities on the EGM, therefore deems it appropriate that the composition of the company’s board of directors reflects the indications of both new shareholding structure and those who are potentially interested in investing in the company.
Therefore, Negma asked the board of directors to do what is necessary to enable the affected shareholders to appoint a new board of directors. The Board of Directors, as stated in a note, will proceed promptly, in compliance with the legal deadlines, to convene the ordinary shareholders’ meeting.