• ENGIE's mandatory tender offer initiated by ENGIE now extended to the warrants held by the European Investment Bank (EIB).

• EPS will proceed with the early repayment of the first €10 million tranche of the EIB financing, and the two other tranches, for a total of €20 million not drawn down, will be cancelled.

• Repayment as well as financing and setup of necessary resources for the development of the company will occur upon completion of the tender offer and could be financed through a capital increase with preferential subscription rights (Rights Issue), to which ENGIE would participate as well, for an amount of around €30 million, for which the issuance price would be equal to the tender offer price, i.e. €9.50 per new share, subject to market conditions allowing to setup an issuance price below the share price, and which would take place before expiring of the prepayment period granted by the EIB, thus on 6 September 2018 at the latest.

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Electro Power Systems SA published this content on 30 May 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 30 May 2018 05:47:03 UTC