VERGNET: Draw for a fifth tranche of 280 OCABSA – 01/26/2023 at 6:35 pm


Drawdown of a fifth installment on the financing line granted by NEGMA

Elms, January 26, 2023

VERGNET announces that it has requested the drawing of a fifth tranche of 280 OCABSA under the financing agreement entered into on September 23, 2022 and amended on November 30, 2022.

This installment amounts to €700,000 (seven hundred thousand euros) and will be used for the development of various current and future projects.

  • Yap project in Micronesia

    : updates to the Hybrid Wizard and Scada, two systems for energy management and real-time control and data acquisition.

  • Agadez project in Chad:

    new shipment and delivery of diesel generators

  • Projects in the Asia-Pacific zone

    : implementation of new projects signed by Vergnet in Wallis and Futuna and in New Caledonia

For Cyril Ledran, CEO of Vergnet SA, “

this new tranche will allow us to accelerate the progress of projects within the framework of our 3R strategic plan and to meet the expectations of our customers in our various markets.

»

NB: The monitoring register of securities issued by Vergnet, accessible via the following link https://equityline.vox-aequitas.com/tableaudesuivi/vergnet-negma, will allow Vergnet shareholders to be informed of future drawdown decisions that will be made on this line of financing.

About Vergnet SA

The Vergnet Group, “a virtuous creator of energy independence since 1989”, has never ceased since its inception to enable its customers to control their energy production, despite difficult or even extreme geographical and climatic conditions.

An expert in the production of renewable energies (wind, solar, hybrid) on non-interconnected networks and armed with unique technologies, the Group has developed the Hybrid Wizard, a hybrid system controlling in real time the share of renewable energies injected into the electrical network by guaranteeing operational safety and security for island or isolated networks.

The Group has already installed nearly 1,000 wind turbines and 402 MW of all energies combined. It is present in more than 50 countries and has 200 employees in 11 locations.

Vergnet has been listed on Euronext Growth since June 12, 2007.

CONTACT

Vergnet Group

Cyril Ledran

General manager

[email protected]


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Full and original press release in PDF format:

https://www.actusnews.com/news/78243-cp-5eme-tranche.pdf

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