Aix-en-Provence (France), August 16, 2017. Global EcoPower (Alternext - FR0011289198 - ALGEP), turnkey constructor of power plants using renewable energy sources, confirms the free shares allocation to all shareholders at the rate of 4 new bonus shares for every 100 shares held, and specifies the operation calendar.
During the Combined General Meeting of June 10, 2016, the shareholders approved the proposal of free shares allocation.
The Board of Directors, at its meeting of July 4, 2017, decided to allocate to the shareholders 4 new bonus shares per 100 shares held. Based on the current share capital - consisting of 5,902,466 shares - the free allocation of shares would result in the creation of a maximum amount of 236,098 new shares.
The free allocation will therefore concern all shares held at trading close of August 23, 2017. Any shareholder who will own shares at that date will thus benefit from this allocation of free shares.
The new shares will be delivered as from August 28, 2017. Financial intermediaries will indemnify shareholders for the portion of shares not being a multiple of 100 at the latest 30 days after the date of allocation of the shares.
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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