Meyreuil (France), October 3, 2018. Global EcoPower (Euronext Growth - FR0011289198 - ALGEP) was informed of a proposed sale on October 1, 2018 between some of its significant non-executive shareholders and a new group of shareholders, for a total number of shares representing 40.02% of its share capital. The Company has been informed that the acquirers do not intend to increase their shareholding in the Company's share capital in connection with this transaction. The Company has asked Euronext to resume listing of its shares as from the trading session of October 3, 2018.
Jean-Marie SANTANDER, President and CEO of Global EcoPower: « I am very pleased with the evolution of the shareholding structure. I am convinced that these shareholders will help us to implement various value-creating projects. The future is looking bright and the group will finally be able to grow. Within two weeks, we will issue a press release detailing the Group's reorganization and ongoing projects. »
Proposed sale of Global EcoPower shares for 40.02% of its share capital
A group, consisting of several CEOs and company directors, proposed to acquire a stake from Global EcoPower shareholders representing together 40.02% of its share capital and voting rights, i.e. 2,543,300 shares and 234,735 warrants (giving right to 284,726 new shares).
If this sale is definitively completed, the distribution of Global EcoPower's share capital will be as follows:
|Number of shares||% of capital||% of voting rights|
|Founding directors (Jean-Marie SANTANDER, Philippe PERRET and the company FARASHA HOLDING)||1,378,598||21.69%||21.69%|
|New shareholders who signed the above-mentioned transfer agreement||2,543,300||40.02%||40.02%|
In addition, Global EcoPower has asked Euronext to terminate the suspension of the listing of its shares on Euronext Growth as from October 3, 2018.
Global EcoPower is an Aix-en-Provence based company and a “turnkey” constructor of power plants using renewable energies, wind and solar power.
GEP is listed on the Euronext Growth Market in Paris (ISIN code: FR0011289198 - mnemo: ALGEP).
GEP is eligible for PEA-PME.