Aix-en-Provence, February 21, 2017.
Global EcoPower (GEP) announces it has opened its capital to the portfolia management company MCA Finance, through a reserved capital increase. On February 17, 2017, GEP issued 180,000 new shares in favor of UCIs managed by MCA FINANCE and more particularly the UCITS MCA Entreprendre PME at an issue price of € 2.80 representing a fund raising of € 504,000. This limited capital increase is part of the strategy of MCA Finance, "our investments are above all a history of people and trust".
Pursuant to the delegation of authority granted by the Combined General Meeting of June 10, 2016 (16th resolution), the Board of Directors, at its meeting of February 13, 2017, decided to increase the capital by a nominal amount of € 504,000 through the issuance of 180,000 new GEP shares without preferential subscription rights for the benefit of the UCIs of the portfolio management company MCA Finance.
This transaction results in the issuance of 180,000 new shares at a unit price of € 2.80, for a total amount of € 504,000 (including the issue premium), fully subscribed by the UCIs and more particularly the UCITS MCA Entreprendre PME managed by MCA FINANCE. The new shares issued are comparable to existing shares and have been admitted to trading on alternext Paris since February 17, 2017. Following this transaction, GEP's share capital amounted to € 1,865,313.78 divided into 5,652,466 shares, listed on the Paris Alternext market.
Post-transaction, the UCITS MCA Entreprendre PME now holds 2.22% of the capital and voting rights. As an indication, the participation of a shareholder holding 1.0% of the share capital of the company prior to the issue now corresponds to 0.968%.
The proceeds from this capital increase will be used to strengthen the potential of GEP to acquire "ready to build" projects, pending the establishment of financing.
Jean-Marie Santander, President and CEO of Global EcoPower:
"Through this limited capital increase, we wanted to involve MCA FINANCE in the development of GEP. For approximately thirty years, MCA FINANCE has supported companies with a strong entrepreneurial character such as GEP, by identifying and benefiting from operations to create value. This partnership is a guarantee of continuity for the development of our group."
Patrick Creuzé, Founder of MCA Finance, President and CEO:
"Global Ecopower is one of these French SME/ETIs, profitable and performing, with remarkable growth rates over several years. The prospects of the company and of the sector in general are thrilling both from an economic and an ecological point of view. It is for these reasons that MCA Finance, in particular through its UCITS MCA Entreprendre PME, is very pleased to participate in the financing of Global Ecopower in order to support it in its development in France and abroad.”
About MCA FINANCE and MCA Entreprendre PME
Founded in 1987, MCA FINANCE (originally Magnin Cordelle Angers SA) is a portfolio management company with a general authorization from the AMF (Autorité des Marchés Financiers) No. GP-90-116 obtained in 1990 and is an insurance broker (ORIAS No. 07 005 521). MCA FINANCE has opened its capital at Banque DELUBAC & Cie, a private bank from Ardèche.
MCA ENTREPRENDRE PME, established in January 2014, is a euro zone equity fund, eligible for PEA, PEA PME, trading account and life insurance. The fund is invested in French SMEs by focusing on high-potential companies operating in niche markets. The management process has not changed since its creation: identification of under-valued listed companies (using FINANCIAL ratios), interviews with management, stock selection.
MCA Entreprendre PME is part of a management of conviction, based on in-depth knowledge of companies and their managers.
Global EcoPower is an Aix-en-Provence based company and a “turnkey” constructor of power plants using renewable energies, wind and solar power. GEP is listed on the Alternext Paris Market of Euronext (ISIN code: FR0011289198 - mnemo: ALGEP). GEP is eligible for PEA-PME.
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