Aix-en-Provence (France), September 28, 2015. Global EcoPower (Alternext - FR0011289198 - ALGEP), constructor of power plants using renewable energy sources, announces its participation in the 15th edition of the Large & Midcap Event, a conference dedicated to meetings between Euronext listed companies and institutional investors, which will take place on October 7 & 8, 2015 in the Palais Brongniart in Paris.
On this occasion, Jean-Marie Santander, President and CEO of GEP, Philippe Perret, Executive Vice President, and Thierry Darier, Director of Development, will come back to the half year results 2015 and comment on the latest operations of the group, in particular :
- the construction of the 10MW wind farm on behalf of its subsidiary Parc Eolien de Seuil Mont Laurent in the municipalities of Seuil and Mont-Laurent (department of Ardennes), the financing of which GEP completed in August through a credit agreement of € 12.7 million and a VAT bridge loan of € 2.6 million;
- the strengthening of its equity through the issuance of bonds convertible into shares with warrants (OCABSA) and of two lines of warrants that could lead to a potential capital increase of a maximum total amount of € 13.25 million;
- the implementation of the group's development strategy in wind energy which consists of (i) acquiring the rights to build wind farms, (ii) financing the equity and implementing the bank financing, (iii) constructing, commissioning and connecting the power plants, and (iv) selling them, while continuing their operation on behalf of third party investors.
About Global EcoPower (GEP)
Global EcoPower is an Aix-en-Provence based company and a “turnkey” constructor of power plants using renewable energies, wind and solar power. GEP is listed on the NYSE Alternext Paris Market of NYSE Euronext (ISIN code: FR0011289198 - mnemo: ALGEP). GEP is eligible for PEA-PME.
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