Aix-en-Provence, April 3, 2017 - Global EcoPower (GEP) announces it reopens its capital to the management company MCA FINANCE through a reserved capital increase. GEP issued on March 30, 2017, 250,000 new shares in favor of various UCITS managed by the portfolio management company MCA FINANCE at an issue price of € 2.80 per share, allowing to raise funds for an amount of € 700,000.
For the record, GEP already opened its capital to MCA FINANCE through a first capital increase of € 504,000 in february 2017. The total amount invested by MCA FINANCE in GEP now amounts to € 1,204,000.
Jean-Marie Santander, President and CEO of Global EcoPower:
« We welcome the renewed confidence of MCA FINANCE in the growth prospects of the renewable energy sector in general and of our company in particular. »
Patrick Creuzé, Founder of MCA FINANCE, President and CEO:
« We preferred to proceed with a capital increase in two stages because of certain macroeconomic uncertainties at the beginning of the year. However, in view of the number of projects developing worldwide in the renewable energy sector, these uncertainties are now clearly dissipated. »
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 on march 24, 2017, decided to proceed with a capital increase of a nominal amount of € 700,000 through the issuance of 250,000 new GEP shares, without preferential subscription rights, for the benefit of various UCITS of the management company MCA FINANCE.
The new shares issued are comparable to existing shares and have been admitted to trading on alternext Paris since march 30, 2017. Following this transaction, GEP's share capital amounted to € 1,947,813.78 divided into 5,902,466 shares, listed on the Paris Alternext market.
Post-transaction, the various funds managed by MCA FINANCE now hold 7.28% 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 0.958%.
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.
About MCA FINANCE and MCA Entreprendre PME
Founded in 1987, MCA FINANCE 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 (n° ORIAS 07 005 521).
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.