(Alliance News) - Espe Spa announced Friday that Integrae SIM Spa has exercised in full its greenshoe option on 277,500 shares owned by Espe Tecnologie Srl.

The purchase price was EUR1.00 per share, for a total consideration of EUR277,500.

Including these shares, the listing took place with a placement of 2.1 million shares, for approximately EUR2.1 million. The free float is 24.0 percent, and the company's capital is represented by 11.8 million shares, of which 8.8 million are listed and 3.0 million are multi-voting, all held by Espe Tecnologie.

Espe's stock closed Friday down 1.8 percent at EUR3.88 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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