Enertime announces the success of its capital increase by offering to the public with priority delay to existing shareholders for an amount of 878 k€. The subscription was oversubscribed at 103.3% of the initial amount of the offer of 850 k€. The company chose to exercise the extension clause in the amount of 28.2 k €, bringing the total gross proceeds of the operation to € 878.2 k€.

In total, since the first of July 2017, this operation brings the amount of the company's capital increases to € 2.4 million after taking into account a private placement of 628 k€ in October 2017 and conversion of Convertibles for 924 k€. This capital increase is a proof of trust from the company's historical shareholders as well as from the new investors who joined in this operation. The company now has the necessary financial means to pursue its strategic development plan towards the sale of high value-added technologies, including in the form of licenses. The recent license agreement for 1MW ORC turbines signed with BEIJING HUASHENG ORC technology LTD, China's leading ORC manufacturer, is a perfect illustration of this.

Enertime SA published this content on 14 December 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 14 December 2017 08:01:05 UTC.

Original documenthttp://www.enertime.com/en/news/2017-12-14-succes-de-l-augmentation-de-capital-par-offre-au-public-cloturee-le-12-decembre-2017

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