Vénissieux, February 9, 2024
BOOSTHEAT (FR001400IAM7 / ALBOO), a French industrial and software player in energy efficiency, announces an adjustment to the nominal value of the Company’s shares.
The Board of Directors meeting today, on the basis of the 6
th
resolution voted at the General Meeting of September 15, 2023, decided to carry out a capital reduction motivated by losses by reducing the par value of the Company’s share. The par value of the share is reduced from €0.003 to €0.0001. The share capital of the Company, divided into 569,600,531 shares, is reduced from €1,708,801.593 to €56,960.0531.
Furthermore, the Company specifies, by way of regularization, that the Board of Directors of October 31, 2023 had, on the basis of the same resolution and for the same reasons, reduced the par value of the share from €1 to €0.003 .
* * *
F ind all the BOOSTHEAT information on
www.boostheat-group.com
ABOUT BOOSTHEAT
Founded in 2011, BOOSTHEAT is a player in the energy efficiency sector. The Company’s mission is to accelerate the ecological transition through the integration of its technology into highly energy-consuming applications. BOOSTHEAT has designed and developed a thermal compressor protected by 7 families of patents making it possible to significantly optimize energy consumption to move towards reasonable and relevant use of resources.
BOOSTHEAT is listed on Euronext Growth in Paris (ISIN: FR001400IAM7).
I CONTACTS
NEWS finance & communication – Jérôme FABREGUETTES LEIB
Investor Relations
Such. : 01 53 67 36 78 / [email protected]
NEWS finance & communication – Serena BONI
Press relations
Such. : 04 72 18 04 92 / [email protected]
Warning :
The company BOOSTHEAT has set up financing in the form of ORA with the company Impact Tech Turnaround Opportunities (ITTO), which, after having received the shares resulting from the reimbursement or exercise of these instruments, is not intended to remain a shareholder of the Company.
The shares resulting from the redemption or exercise of the above-mentioned securities will, in general, be sold in the market very quickly, which may create strong downward pressure on the share price.
Shareholders may suffer a loss of their invested capital due to a significant decrease in the value of the Company’s stock, as well as significant dilution due to the large number of securities issued to the benefit of Impact Tech Turnaround. Opportunities (ITTO).
Investors are advised to be very vigilant before making the decision to invest in the securities of the Company admitted to trading which carries out such dilutive financing transactions, particularly when they are carried out successively. The company recalls that this dilutive financing operation is not the first that it has implemented.
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