(Boursier.com) — Europlasma an expert in depollution solutions, drew down 3 tranches of 100 bonds convertible into new shares to be issued by the company, corresponding to tranches 30, 31 and 32, representing a total nominal amount of the bond issue of 3 million euros, as part of the contract to issue 10,000 OCA warrants with attached share subscription warrants, if any, concluded between Europlasma and Global Corporate Finance Opportunities 11 on April 16, 2021.
The financing program, for a maximum amount of EUR 100 million over 7 years, must be used, for 75%, to finance new value-generating projects. As such, the funds from this draw as well as those linked to the repayable advance granted by the Nouvelle-Aquitaine Region (press release of 25/04/2022), will make it possible to finance the commitments planned within the framework of the resumption of the activity of SATMA PPC (press release of 03/25/2022), now carried by SATMA INDUSTRIES, a 100% subsidiary of Europlasma. As a reminder, with this takeover, the Group intends to relaunch an integrated French aluminum sector from the recovery of raw materials from the processing of aluminum waste to the production of finished products.
Reminder of the legal framework of the issue
The company recalls that this financing program was concluded within the framework of the delegation of authority granted by the extraordinary general meeting of February 24, 2021. By virtue of this delegation, the Board of Directors, on April 16, 2021 (i ) decided to issue 10,000 OCABSA Warrants and (ii) decided to reserve their subscription to the Global Corporate Finance Opportunities 11 fund (the fund), a company whose registered office is located at 71 Fort Street, 1st Floor Appleby Tower, PO Box 950 Grand Cayman KY1-1102 in the Cayman Islands.
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