Egide: results of the capital increase
November 11 2024 - 2:00AM
UK Regulatory
Egide: results of the capital increase
Press Release
Bollène (France), November 11, 2024– 8 :00am (CET)
Results of the capital increase with
preemptive subscription
rights for shareholders
by issuing shares with warrants attached
for a total of €1.67m
-
Subscription applications received for a total of 3,341,375
warrants issued, i.e. a subscription rate of around
92.5%.
-
3,341,375 shares with warrants issued for a capital
increase of €1,670,687.50
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 result of the capital increase
with preemptive subscription rights for shareholders, by issuing
shares with warrants attached, approved by the Board of Directors
on October 21, 2024, which subscription period ran from October 29
to November 6, 2024 (see press release of October 22, 2024).
David HIEN, Egide's Chief Executive Officer,
comments: “The result of this capital increase is very
encouraging and confirms the confidence of our investors. The high
subscription rate of 92.5% is excellent news. The funds raised will
enable us to accelerate our transformation and seize growth
opportunities that lie ahead. This will enable us to step up our
investments in cutting-edge technologies, improve our
competitiveness and consolidate our leading position in our
markets. I would like to thank all our shareholders for their
support.”
He added: “I'd like to thank our partners
iXCore and SOGEFIP for their strong commitment and renewed
confidence in our corporate development plan. Their support was a
decisive factor in the success of this operation and testifies to
the solidity of our relationship.”
By the end of the subscription period, a total
of 611,444 shares with warrants attached had been applied for in
respect of shareholders’ subscription rights, 2,607,853 shares with
warrants attached on a reducible basis and 122,078 shares with
warrants attached on a non-preemptive basis, giving a subscription
rate of around 92.5%.
As the number of shares with warrants subscribed
for in respect of shareholders’ subscription rights, on a reducible
basis and on a non-preemptive basis was lower than the number of
shares with warrants offered, the Board of Directors decided to
limit the capital increase to 3,341,375 shares with warrants, in
accordance with article L.225-134 of the French Commercial
Code.
The funds raised will enable Egide to continue
its investment program and financial recovery.
The settlement date for the shares with warrants
is November 13, 2024.
The 3,341,375 share subscription warrants, for
which admission to trading on the Euronext Growth market in Paris
has been requested, will be detached from the 3,341,375 new shares
on November 13, 2024, and may be exercised up to and including May
13, 2026.
Two (2) warrants will give the right to
subscribe for one (1) ordinary share in the Company at a price of
€0.65, i.e. a par value of €0.5 and an issue premium of €0.15 per
additional share.
As of November 13, 2024, Egide’s share capital
will be €9,800,369.5, divided into 19,600,739 shares with a
par value of €0.5 each, all the same category.
CONTACTS
Financial communications
agency: Fin’Extenso – Isabelle Aprile
–+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-success-Capital-Increase-2024-PR11112024-EN
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