Brief: Ecoslops launches capital increase of about 4.33 million euros

Ecoslops SA

02/10/2017 05:43

Oct 2 (Reuters) - ECOSLOPS SA  ALESA.PA : 
    * LAUNCHES CAPITAL INCREASE WITH PREFERENTIAL SUBSCRIPTION 
RIGHTS FOR AROUND EUR 4.33 MLN 
    * LAUNCHES CAPITAL INCREASE WITH SHARE PRICE AT EUR 
13.0/SHARE 
    * SUBSCRIPTION FROM OCT 9 TO (AND INCLUDING) OCT 20 
    * 12 PREFERENTIAL SUBSCRIPTION RIGHTS TO GIVE RIGHT TO 
SUBSCRIBE FOR 1 NEW SHARE 
    * VALUE OF CAPITAL INCREASE MAY BE RAISED FROM EUR 4.33 
MILLION TO EUR 4.98 MILLION IF EXTENSION CLAUSE IS EXERCISED 
    * INCREASES CAPITAL TO FINANCE LA MEDE UNIT WITH CAPACITY OF 
30,000 TONNES A YEAR, WHICH WILL OPERATE FROM END-2018 
    * SEES TOTAL INVESTMENT IN LA MEDE UNIT AT LESS THAN EUR 15 
MILLION 
    * INCREASES CAPITAL TO FINANCE STUDIES FOR FUTURE ANVERS 
UNIT WITH CAPACITY OF 60,000 TONNES PER YEAR 
    * INCREASES CAPITAL TO FINANCE DEVELOPMENT AND 
COMMERCIALISATION OF MINI-P2R UNITS FOR MEDIUM-SIZED HARBOURS 
    * TO ISSUE 333,199 NEW ORDINARY SHARES AT FACE VALUE OF EUR 
1.0 EACH 
    * GREENSHOE OPTION TO ALLOW FOR 15 PERCENT EXTENSION OF 
INITIAL OFFERING SIZE 
 
Source text for Eikon:  ID:nBwljc4ka  
Further company coverage:  ALESA.PA  
 
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