Egide: Successful capital increase with gross proceeds of 1.9 million euros
13 Dicembre 2023 - 9:05AM
Egide: Successful capital increase with gross proceeds of 1.9
million euros
Press release Bollène, December
12, 2023 – 8:00am (CET)
A successful capital increase with gross
proceeds of 1.9 million euros
-
Subscription applications received for 4,462,513 new
shares, i.e. a subscription rate of
151%
-
2,956,248 new shares issued for a gross amount of
€1,921,561.20
The Egide Group (Euronext Growth Paris™-
ISIN: FR0000072373 - Mnemo: ALGID), the global
specialist in the manufacture of hermetic packages and
heat-dissipating solutions for sensitive electronic components, is
today announcing the success of its capital increase with
preemptive subscription rights for shareholders, launched on 21
November 2023.
By the end of the subscription period, a total
of 1,771,066 shares had been applied for in respect of
shareholders’ subscription rights, 2,629,100 shares as excess
shares by shareholders and 62,347 shares on a free basis, giving a
subscription rate of 151%.
1,185,182 new shares were allotted to
applications for excess shares by shareholders, applying a
reduction coefficient of 0.26926155. As the number of shares
subscribed for under either shareholders’ subscription rights or
applications for excess shares was higher than the 2,956,248 shares
offered, applications to subscribe for shares on a free basis were
not fulfilled.
Philippe Bringuier, CEO of Egide says: “I am
delighted by the successful outcome of this share capital increase,
which was oversubscribed, with a subscription rate of 151%. This
success shows our shareholders’ confidence in Egide's future. I
would like to thank them. They have strengthened Egide's
shareholder structure and given us additional resources to turn our
US subsidiaries around.”
The gross proceeds of the capital increase are
€1,921,561.20, including the issue premium,
corresponding to the issuing of 2,956,248 new
shares at a subscription price of €0.65 per new share.
The funds raised will in particular enable Egide
to:
- Refinance the €750,000
bond loan with CNN maturing on 14 December 2023;
- Continue to work on
turning around its US subsidiaries.
Settlement of the transaction and admission of
the new shares to trading on Euronext Growth are scheduled for
14 December 2023. The new shares will bear current
dividend rights and will give entitlement, as of their issue date,
to all distributions decided by Egide as of that date. They will be
immediately fungible with Egide’s existing shares and will be
traded on the same listing line under ISIN FR0000072373.
As of 14 December 2023, Egide’s share capital
will thus be €8,129,682, divided into 16,259,364 shares with a par
value of €0.5 each.
To date, Egide is not aware of the exact number
of new shares allocated to each subscriber. The company will come
back to the market if it becomes aware of significant new
shareholder blocks in the course of the operation.
CONTACTSEgide – Philippe
Bringuier – CEO and CFO – + 33 4 90 30 97 11 –
pbringuier@fr.egide-group.com
FIN’EXTENSO – Isabelle Aprile –
Media Relations – +33 6 17 38 61 78 –
i.aprile@finextenso.fr
About the Egide Group – You
can find all the latest news about the Group online at:
www.egide-group.com and
LinkedIn
Egide is an
international group specialising in the manufacture of hermetic
packages and heat-dissipating solutions for sensitive electronic
components. We are active in cutting-edge markets with high
technological barriers in all critical environments (thermal
imaging, optoelectronics, hyper-frequency components, power
packages, etc.). Egide is the only dedicated global player and has
manufacturing operations in France and the United States.
Egide is listed on Euronext
Growth Paris™- ISIN: FR0000072373 - Mnemo:
ALGID
- Egide-successful-capital-increase-PressRelease-231212-EN
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