April 30, 2020 / 7:50 AM / a month ago

BRIEF-Emova Group Completes 2.45 Million Euros Capital Increase

April 30 (Reuters) - EMOVA GROUP SA:

* ANNOUNCED ON WEDNESDAY RESULTS OF CAPITAL INCREASE WITH PREFERENTIAL SUBSCRIPTION RIGHTS MAINTAINED: € 2.45 MILLION RAISED

* CAPITAL INCREASE INCLUDES € 1.02 MILLION IN NEW MONEY AND € 1.43 MILLION BY OFFSETTING RECEIVABLES

* 2,722,271 NEW SHARES WERE ISSUED AT A PRICE OF € 0.90 PER SHARE

* THIS CAPITAL INCREASE ALLOWS THE COMPANY TO IMPROVE ITS BALANCE SHEET

* NEW SHARES TO BE IMMEDIATELY ASSIMILATED TO THE EXISTING SHARES OF THE COMPANY, ON EURONEXT GROWTH IN PARIS, AND WILL BE NEGOTIABLE, FROM THEIR ISSUE ON THE SAME LISTING LINE

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Further company coverage: (Gdansk Newsroom)

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