(CercleFinance.com) – The DBT stock fell on the Paris Stock Exchange on Monday following the implementation of an Oceanes issue for an amount of 50 million euros.
The specialist in charging stations for electric vehicles indicates that it has concluded this emission contract with the investment company European Select Sustainable Investments.
The agreement covers 20,000 bond issue warrants convertible or exchangeable for new and/or existing shares (Océanes) with a nominal value of 2,500 euros each, broken down into a tranche of 800 Océanes, followed by 96 tranches of 200 Océanes each.
The total nominal amount thus comes to 50 million euros.
In a press release, the company indicates that this new line of financing has the double objective of allowing, on the one hand, to pursue its strategy of conquest of market shares and on the other hand, to reduce the current financing structure in it. substituting a new equity line that is much less dilutive.
As a reminder, the contract for the issue and subscription of warrants for bonds convertible into shares with attached stock warrants (OCABSA) entered into with Park Capital had been terminated at the start of the year.
With the implementation of the project, the participation of a shareholder currently holding 1% of the capital of the company will nevertheless be reduced to 0.26% in the event of the conversion of all the Océanes.
At 12:20 p.m., DBT shares dropped more than 6.5%, underperforming a clearly bearish Parisian market.