(AOF) – Amoéba announced the issue of the seventh tranche of bonds convertible into shares (OCA) of its bond financing with incentive program, namely 40 OCAs numbered from 361 to 400 fully issued for the benefit of Nice & Green SA As provided for in the issuance contract, these OCAs were fully subscribed at a price equal to 96% of their nominal value, representing a seventh tranche of OCAs for a total net amount of 1.92 million euros.
This issue is part of the issue agreement entered into with Nice & Green SA on December 16, 2020, with a view to setting up bond financing with an incentive program by issuing 480 OCAs with a value of par value of 50,000 euros each representing a total nominal bond amount of 24 million euros.
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Nothing is going well for German chemistry
German chemicals, very dependent on Russian gas, are in difficulty. Following sluggish sales in the automotive sector and falling demand in construction, production is down 8.5% in 2022, with overall sales down 1.6% to 63.1 Billions of Euro’s. Specialty chemicals are doing better. On the other hand, the production capacity utilization rate in basic chemicals has slowed markedly to less than 80%. Germany’s third industrial sector is tempted by relocation to the United States, where energy costs are much lower. With the Inflation Reduction Act, the United States has put in place an appropriate environment for the current challenges.