Success of the reserved capital increase: 20% of EPS’ shares is held by its management
August 08, 2017 at 12:00 pm EDT
Share
Milan, 8 August 2017 - Electro Power Systems S.A. ('EPS'), technology pioneer in energy storage systems and microgrids, listed on the French-regulated market Euronext Paris (EPS:FP) announces that it has successfully completed the capital increase reserved to EPS' and Elvi Elettrotecnica Vitali S.p.A.'s management.
The capital increase is of a total of € 1,408,063.80 (€ 39,386.40 of nominal value and € 1,368,677.40 of issuance premium), and entails the issuance of n. 196,932 new shares, at a price of €7.15, i.e. € 0.20 of nominal amount and €6.95 of issue premium.
Following this transaction, 20% of the share capital of EPS, composed by no. 603,918 shares for an amount of euro €4.4 million and no. 1,314,938 among stock options and warrants, are currently held by the Group's management.
The transaction has been effected in the context of the acquisition of the energy division of Elvi Elettrotecnica Vitali S.p.A. as set out under paragraph 7.2.4 of the updated information document (Document de Référence) registered with the Autorité des Marchés Financiers (AMF) on 27 July 2017.
Further details relating to the transaction and the list of subscribers are set out in the updated information document (Document de Référence) available on www.electropowersystems.com section Regulated Information - Registration Document.
Electro Power Systems SA published this content on 08 August 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 08 August 2017 15:59:08 UTC.
Original documenthttp://www.electropowersystems.com/success-reserved-capital-increase-20-eps-shares-held-management/
Public permalinkhttp://www.publicnow.com/view/68C992C3E8B9F8E072D1B2D7063EFB4EE401B952
NHOA S.A., global player in energy storage, e-mobility and EV fast and ultra-fast charging network, develops technologies enabling the transition towards clean energy and sustainable mobility, shaping the future of a next generation living in harmony with our planet.
Listed on Euronext Paris regulated market (NHOA.PA), NHOA S.A. forms part of the CAC® Mid & Small and CAC® All-Tradable financial indices.
NHOA S.A., with offices in France, Spain, the United Kingdom, the United States, Taiwan and Australia, maintains entirely in Italy research, development and production of its technologies.