(Finance) – EEMS Italy announces the issuance of 12,500,000 new ordinary shares listed on the Euronext Milan market, having the same characteristics and the same rights as the shares already in circulation and regular enjoyment – in favor of Negma Group Investment, coming from conversion of 5 Bonds issued on 24 October 2023 in the context of the fifth tranche of the bond convertible into EEMS listed shares reserved for Negma approved by the Extraordinary Meeting on 24 October 2022.
It is specified that the number of shares subject to the conversion corresponds to the result of the division between the nominal value of each Bond and the conversion price determined in accordance with the Investment Agreement and the Regulations of the POC Negma e equal to 93% of the lowest average daily price weighted by the volumes traded (“Daily VWAP” or Volume Weighted Average Price) of EEMS shares during the twelve open market days preceding the date of request for conversion of the Bonds (“Pricing Period”), which was found to be equal to Euro 0.004.
As a consequence of the above, the share capital of the Company will be equal to Euro 2,565,878 divided into 653,280,332 listed ordinary shares.