Edition:
United Kingdom

Ecoslops launches capital increase of about 4.33 million euros


Monday, 2 Oct 2017 

Oct 2 (Reuters) - ECOSLOPS SA ::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. 

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