(Alliance News) - Eems Italia Spa has announced that it has received a request for conversion of 20 bonds from Negma Group Investment Ltd.

The bonds in question have a total par value of EUR200,000 and entitle Negma to subscribe for 5.0 million new ordinary shares of Eems. The conversion price is EUR0.04 per share.

With regard to the second tranche of the convertible bond subscribed by Negma, issued in December for a total countervalue of EUR1.3 million, against the eighth conversion request, 40 bonds, with a total nominal value of EUR400,000, remain outstanding.

Eems trade in the green by 2.0 percent at EUR0.051 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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