(Alliance News) - Magis Spa has announced that it has completed the automatic conversion of 12,000 special shares of the company, owned by IPOC 6 Srl - equal to 25 percent of the original 48,000 special shares issued - into 84,000 newly issued ordinary shares, without any change in share capital.

Thus, the share capital of Magis - amounting to EUR8.4 million - will be divided into 5.3 million shares, including 4.1 million ordinary shares, 12,000 special shares and 1.2 million price adjustment shares, all with no par value.

Magis is unchanged at EUR12.88 per share.

By Claudia Cavaliere, Alliance News reporter

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