Brief: Electro Power Systems Says Engie's Mandatory Tender Offer Extended To Warrants Held By EIB

Nhoa SA

30/05/2018 06:05

May 30 (Reuters) - ELECTRO POWER SYSTEMS SA  EPS.PA :
    * ENGIE'S MANDATORY TENDER OFFER INITIATED BY ENGIE NOW
EXTENDED
TO WARRANTS HELD BY EUROPEAN INVESTMENT BANK (EIB)
    * EPS WILL PROCEED WITH EARLY REPAYMENT OF FIRST EUR 10
MILLION
TRANCHE OF EIB FINANCING
    * TWO OTHER TRANCHES, FOR A TOTAL OF EUR 20 MILLION NOT
DRAWN
DOWN, WILL BE CANCELLED
    * REPAYMENT AND FINANCING, SETUP OF RESOURCES FOR
DEVELOPMENT OF
COMPANY COULD BE FINANCED THROUGH RIGHTS ISSUE
    * RIGHTS ISSUE, TO WHICH ENGIE WOULD PARTICIPATE AS WELL,
WOULD BE
FOR AN AMOUNT OF AROUND EUR 30 MILLION
    * RIGHTS ISSUE ISSUANCE PRICE WOULD BE EQUAL TO TENDER OFFER
PRICE, I.E. EUR 9.50 PER NEW SHARE

Source text for Eikon:  ID:nPre9zvPWa 
Further company coverage:  EPS.PA 

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