Global EcoPower (GEP), the Aix-en-Provence based constructor of wind and solar power plants, announces the success of its first capital increase with preferential subscription rights, which took place within the framework of its financial restructuring.
The company proposed the issuance of 1,050,372 new shares at a price of ¤0.5.
The subscription period was launched on September 24th, 2012 and ended on October 15th, 2012.
1,011,651 new shares were subscribed by shareholders taking up their rights issue entitlement, totaling more than 96% of the offer.
The demand for additional shares amounted to 939,024 shares.
Total demand stood at approximately ¤ 1m, an oversubscription of the rights offering of 185%. GEP has decided to implement the extension clause of 15%, representing 157,555 additional shares. Therefore, the gross final amount of the transaction reaches ¤603,963.50 and leads to the creation of 1,207,927 new shares.
The settlement and delivery of the new shares will take place on Monday, October 29th, 2012.
From this date, the share capital of GEP will amount to ¤1,438,484.81 and will consist in 4,359,043 shares of a nominal value of ¤0.33 each.
GEP is building power plants using renewable energy sources. The company is listed on the NYSE Euronext Paris Free Market under ISIN code: FR0011289198.
Next operational press release: Tuesday, October 30th 2012.
Contact : Global EcoPower - A l'attention de M. Philippe Perret, DGD - 75, rue Denis Papin - 13857 Aix en Provence Cedex.Information non réglementée
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