(Alliance News) - Prismi Spa on Thursday made clarifications regarding the news that Alascom Srl has committed to subscribe to a capital increase in exclusion for a total equivalent of between EUR3.7 million and EUR4.6 million.

The company specifies that Alascom's stake, upon the outcome of the aucap reserved for it, will be more than 50 percent rather than more than 51 percent.

The price per share of the capital increase reserved for Alascom, ADV Capital Srl, Medialife Srl and Petroleo OU will be EUR0.065,instead of a maximum price of EUR0.065.

The aucap reserved for the three investors ADV Capital, Medialife and Petroleo OU totaling EUR300,000 will be in addition to the capital increase reserved for Alascom.

With regard to the first tranche of the capital increase reserved for Alascom, amounting to EUR500,000, it is reported that it made the relevant transfer on November 20 to the escrow account of the notary public, who subsequently made the subsequent transfer to Prismi on November 22.

Finally, regarding the EUR1.3 million cash tranche reserved for Alascom, the company specifies that the related newly issued shares will not be admitted to trading.

Prismi is in the red by 6.5 percent at EUR0.10 per share.

By Claudia Cavaliere, Alliance News reporter

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