May 3, 2017 / 11:27 AM / in 3 months

BRIEF-Primi sui Motori proceeds with placement of up to 1.1 mln shares

May 3 (Reuters) - Primi sui Motori SpA:

* Proceeds with placement of up to 1,141,292 ordinary shares which were not placed in first tranche of capital increase ended on March 17

* Shares to be issued at price of EUR 1.74 per share by May 19

* The capital increase of up to 4.0 million euros ($4.36 million) approved on Feb. 13 will be considered completed on May 19 regardless of whether all the remaining shares will be placed Source text for Eikon: Further company coverage: ($1 = 0.9167 euros) (Gdynia Newsroom)

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