(Alliance News) - Fidia Spa announced Wednesday that major shareholder FAI Holding AG has signed an agreement with Negma Group Investment Ltd.

FAI Holding has agreed to deliver 1.1 million shares of Fidia listed on Piazza Affari in exchange for the same number of unlisted shares.

Negma has the right to sell the listed Fidia shares on the market only upon delivery to FAI Holding of a number of unlisted shares equivalent to the number being sold; therefore, in such a case, delivery can take place even before the final deadline.

Fidia's stock closed Wednesday down 3.2 percent at EUR0.27 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

Comments and questions to redazione@alliancenews.com

Copyright 2024 Alliance News IS Italian Service Ltd. All rights reserved.