END OF THE EQUITIZATION OF TRUST-MANAGEMENT
GECI International, specialist in Digital and Technology, announces the end of the so-called convertible bond equitization program and the launch of the dissolution of the management trust.
The Company reminds that it has entrusted Equitis Gestion, acting as Fiduciary, with a fiduciary-management mission (“Trust”) in the context of the execution of a so-called equitization mechanism for convertible bonds (“CB”) issued by the Company through a public offering on July 20, 2021
1
.
CB holders could transfer all or part of their CBs to the Trust (option A) or keep their CBs and convert them at any time into new shares from the date of issue (option B).
It is thus recalled that at the end of the membership period, a total number of 2,944 CBs (option A) had been contributed by their holders to the Fiducie, broken down as follows:
1,300 CBs for which their holders joined, had chosen a cash reimbursement (option 1); and
1,644 CB for which their holders had chosen reimbursement in new shares (option 2), once the holders having chosen option 1 had been fully reimbursed.
The company has been informed by the Trustee that to date all CBs contributed to the Trust have been converted into capital. The Fiduciary will proceed in the next few days with the reimbursement of CB holders who have joined the Fiducie. Once this step has been completed, the Trust will be dissolved.
Ownership breakdown
The CB equitization program was accompanied by the creation of a total number of 405,470,197 new shares.
As indicated in the press release of July 16, 2021, Mr. Serge Bitboul, CEO of the Group, increased his stake from 29.9 million to 159.9 million shares, through his company XLP Holding and in his own name, through the transfer of all of its CBs to the Fiducie and thus their equitization. Its participation thus represents 16.69% of the capital, and 18.88% of voting rights.
Similarly, Mr. Rafet Krasniqi, Operational Director of Eolen, acquired 95.4 million shares through his company RK Développement. Its stake represents 9.95% of the capital and 9.48% of voting rights.
After this transaction, the breakdown of the Group’s capital is as follows:
|
Number of actions |
% of capital |
Number of voting rights |
% of capital | |
|
XLP holding |
152 191 911 |
15.89% |
177 284 418 |
17.63% |
|
Serge Bitboul |
7,707,453 |
0.80% |
12,529,406 |
1.25% |
|
Total Serge Bitboul |
159 899 364 |
16.69% |
189 813 824 |
18.88% |
|
RK Development 2 |
95 358 905 |
9.95% |
95 358 905 |
9.48% |
|
Other names |
23,971,171 |
2.50% |
42 231 442 |
4.20% |
|
Other bearer |
678 076 699 |
70.78% |
678 076 699 |
67.44% |
|
Self-detention |
683 498 |
0.07% |
0 |
0.00% |
|
TOTAL |
957 989 637 |
100.0% |
1,005,480,870 |
100.0% |
Risk factors
Investors’ attention is drawn to the main risks associated with the Company and its business, which are presented in the registration document approved by the AMF on September 28, 2020 under number R. 20-024, the registration document information disseminated on March 23, 2021 as part of the transfer of the listing of the Company’s shares on Euronext Growth Paris and the annual financial report published on July 22, 2021.
ABOUT GECI INTERNATIONAL
__________
“Smart Solutions for a Smart World”
Founded in 1980, GECI International is a group specializing in Digital and Technology. Since its creation, GECI International has been innovating alongside major players in industry and services and offers services, solutions and smart products to its customers, key accounts, SMEs and start-ups. With a network of technological partners and skills on a global scale, the Group provides integrated and competitive solutions for Finance, Services, Industry and Research.
GECI International is listed on the Euronext Growth Paris market. ISIN code (share): FR0000079634 – ALGEC.
CONTACTS
__________
GECI International – Investor Relations
Phone. : +33 (0)1 46 12 00 00 / [email protected]
CALYPTUS Agency – Cyril Combe
Phone. : +33 (0)1 53 65 68 68 / [email protected]
1
See press releases of June 24, 2021 and July 16, 2021.
2
Company controlled by Rafet Krasniqi.
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Full and original press release in PDF format:
https://www.actusnews.com/news/72919-260122-gi-fin-fiducie.pdf
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