RE: Ebioss25 Feb 2019 21:50
Spanish
THE NORTH AMERICAN INVESTMENT FIRM GEM AGREES TO INVEST € 5 MILLION IN EBIOSS IN THE NEXT 3 YEARS.
Under the provisions of Article 17 of Regulation (EU) No. 596/2014 on market abuse and Article 228 of the revised text of the Securities Market Law, approved by Royal Legislative Decree 4/2015, of 23 October, and concordant provisions, as well as in Circular 6/2018 of the Alternative Stock Market (MAB), we inform you of the following Relevant Fact regarding the company EBIOSS Energy, SE.
Within the framework of the restructuring actions of the Company undertaken by the Board of Directors in recent months, EBIOSS subscribed a subscription agreement with the GEM entities Gobal Yield Fund and GEM Investments America. , LLC (hereinafter referred to as GEM).
By virtue thereof, GEM undertakes to subscribe new EBIOSS shares up to an amount of € 5,000,000 over the next three years, as the Company requires it, and at 90% of the weighted average price of the last 15 days in respect of to each requirement of Ebioss
Additionally, the company has committed to issue warrants in favor of GEM that allow it to subscribe up to 5,500,000 new shares at a price of € 1.35 over the next 12 months.
Elektra Holding AD, main partner of EBIOSS, intervenes in the operation as a share lender. It will cover the operation by means of a partial transitory loan of its EBIOSS securities to GEM, when EBIOSS so requires, and until the issuance of new shares to cancel such loan.
Today, GEM has made an advance payment of € 300,000 to EBIOSS to finance working capital, as collateral from which Elektra has lent it 2,000,000 shares of EBIOSS.
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