Brief: Enertime Sets Up Line Of Up To 2 Million Euros Of Bonds Convertible Into Shares

Enertime SAS

16/03/2022 17:32

March 16 (Reuters) - Enertime SAS  ALENE.PA :
    * SETS UP A LINE OF UP TO 2 M EUR OF BONDS CONVERTIBLE INTO
SHARES
AT A FIXED PRICE AND REDEEMABLE MONTHLY IN CASH
    * OBJECTIVE IS TO SIGN AT LEAST TWO ELECTRICITY SALES
CONTRACTS
WITH INDUSTRIAL CUSTOMERS IN FRANCE DURING H1 2022 AND AT LEAST
TWO MORE BETWEEN H2 OF 2022 AND 2023
    * THESE 4 CONTRACTS WOULD REPRESENT A POTENTIAL ORDER VALUE
FOR
ENERTIME OF AROUND 25 M€ (PRESS RELEASE OF JANUARY 24, 2022)
    * IN ADDITION, THE TOTAL AMOUNT OF EUROPEAN SUBSIDIES FOR
ENERTIME
AMOUNTS TO 8.5 M€ OUT OF A TOTAL CUMULATED SUBSIDY OF 22 M€
(PRESS RELEASE OF 19 JANUARY 2022)

Source text for Eikon:  urn:newsml:reuters.com:*:nACT73601
Further company coverage:  ALENE.PA 

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