(Boursier.com) — Enogia strengthens its financial situation, its shareholders and its governance in order to accelerate the company’s commercial development.
The expert in micro-turbomachines at the service of the energy transition thus announces the arrival in turn of two new strategic investors, Éric Blanc-Garin and Yazid Sabeg, through their joint company Duna & Cie, as part of the launch of a capital increase in cash with maintenance of shareholders’ preferential subscription rights in the amount of 3,992,084 euros, through the issue of 1,996,042 new shares at a unit price of 2 euros, with a parity of 1 new share for 2 existing shares. Following this fundraising, Eric Blanc Garin and Yazid Sabeg will join the Board of Directors, occupying two seats out of a total of seven.
“We are happy and honored to join ENOGIA’s Board of Directors. We are convinced that the Company’s technological advance in the conversion of heat into electricity offers it very high growth potential. As entrepreneurs and investors keen to participate in the energy transition and the decarbonization of the industry, we are delighted to support the management of ENOGIA in its ambition and its future success by putting our experience at the service of a real French cleantech nugget ” , comment Eric Blanc-Garin and Yazid Sabeg.
Arthur Leroux, Chairman and CEO of ENOGIA, declares: “I am delighted that Eric Blanc-Garin and Yazid Sabeg have agreed to put at the service of ENOGIA their entrepreneurial expertise, forged during their experience at the head of CS Group. , a veritable French technological flagship.
ENOGIA’s management and all the teams are delighted to be able to count on their industrial and entrepreneurial experience, and their support. I sincerely thank them for their trust, their willingness to support ENOGIA in accelerating its growth, and above all for their vision: together we share the ambition to make ENOGIA a true leader in turbomachinery for the ecological transition, in France and abroad. In this context, the capital increase launched today, with the comfort of other commitments and subscription intentions, aims to strengthen ENOGIA’s equity in order to support its commercial development while sustainably consolidating its financial situation. “
Market environment
ENOGIA is evolving in a buoyant environment characterized by unprecedented energy efficiency needs among manufacturers, in connection with the permanently high level of energy prices and with climate issues. In this favorable context, the offer of ENOGIA solutions backed by a unique technology of micro-turbomachines is attracting growing interest, particularly at the level of ORC modules (transformation of waste heat into renewable electricity).
In France, commercial development is driven by multiple industrial players wishing to recover their waste heat. In the United Kingdom, the market for low-power biomass power plants, sluggish since the health crisis, is experiencing renewed interest, with the arrival of new projects and partnerships, while the recovery of waste heat in the sectors industry and the environment, affected by rising energy costs, is growing.
In Germany, the commercial momentum is continuing, particularly in the biogas sector, which is bearing the full brunt (and without a price shield) of the rise in electricity prices. In the wake of this acceleration in Western Europe, ENOGIA has also refocused its commercial investments in Asia on two countries, Japan and Korea, where opportunities are emerging, particularly in geothermal energy…
Operations to follow
– Entrance of Éric Blanc-Garin and Yazid Sabeg to the capital of the Company and to the Board of Directors;
– Launch of a capital increase with maintenance of preferential subscription rights for an amount of approximately 4 million euros;
– Subscription price: 2 euros per new share;
– Subscription parity: 1 new share for 2 existing shares;
– Subscription period: from July 14 to July 25, 2023 inclusive;
– Firm subscription commitments of €2.7 million, including €1.5 million from Duna & Cie (joint holding company of Mr. Éric Blanc Garin and Mr. Yazid Sabeg);
– Investment eligible for the 150-0 B ter scheme of the CGI (reinvestment of capital gains on sale);
– ENOGIA shares eligible for FIP-FCPI (qualification “innovative company” by BPI France), PEA and PEA PME-ETI, IR-SME scheme.