Success of the reserved capital increase: 20% of EPS’ shares is held by its management
Milan, 8 August 2017 – Electro Power Systems S.A. (“EPS”), technology pioneer in energy storage systems and microgrids, listed on the French-regulated market Euronext Paris (EPS:FP) announces that it has successfully completed the capital increase reserved to EPS’ and Elvi Elettrotecnica Vitali S.p.A.’s management.
The capital increase is of a total of € 1,408,063.80 (€ 39,386.40 of nominal value and € 1,368,677.40 of issuance premium), and entails the issuance of n. 196,932 new shares, at a price of €7.15, i.e. € 0.20 of nominal amount and €6.95 of issue premium.
Following this transaction, 20% of the share capital of EPS, composed by no. 603,918 shares for an amount of euro €4.4 million and no. 1,314,938 among stock options and warrants, are currently held by the Group’s management.
The transaction has been effected in the context of the acquisition of the energy division of Elvi Elettrotecnica Vitali S.p.A. as set out under paragraph 7.2.4 of the updated information document (Document de Référence) registered with the Autorité des Marchés Financiers (AMF) on 27 July 2017.
Further details relating to the transaction and the list of subscribers are set out in the updated information document (Document de Référence) available on www.electropowersystems.com section Regulated Information – Registration Document.