(Alliance News) - UCapital24 Spa announced Thursday that the board has convened shareholders to propose a capital reduction for losses.

At the same time, the board aims to increase share capital by EUR2.5 million through the issuance of 25.0 million new ordinary shares. The shareholders will meet on October 31.

UCapital24's stock closed Thursday down 4.3 percent at EUR0.45 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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