Ebioss news10 Jan 2019 20:33
Just been looking at ebioss and they have had some more RNS feeds
This is from the 7th
Spanish
January 2019
Under the provisions of Article 17 of Regulation (EU) No 596/2014 on the abuse of
market and in article 228 of the rewritten text of the Securities Market Law, approved
by Royal Legislative Decree 4/2015, of October 23, and concordant provisions, as well as
in Circular 6/2018 of the Alternative Stock Market (MAB), we inform you of the
following Relevant Fact relative to the company EBIOSS Energy, SE.
In relation to the Due Diligence processes in progress, related in turn to the expansion
capital that the company is preparing, and which was reported in the Relevant Event
published on November 16, 2018, the Management of the Company has decided to extend
the financial and legal review works during the month of January. As soon as the work is finished
of due diligence, the Extraordinary General Shareholders' Meeting will be convened for approval
of the capital increase.
The capital increase will be higher in the number of corporate transactions and in the
overall amount of them initially estimated. Given the relevance of the operation for the
Company, the Management has decided to increase the resources destined for the same, as well as
extend the joint work schedule with its external advisors, to undertake in time and
forms the new Due Diligence processes that have been incorporated during the last
weeks The preliminary results of the Due Diligence are being satisfactory until the
date.
Consequently, the Company estimates that the capital increase will be of a
volume greater than the 10 million euro initially planned,
the issuance of the new securities at a minimum price of nominal value of 1 euro per
action.
We remain at your disposal for any clarifications deemed appropriate.
Looks like the 10 million loan is going to be increased, which is good for us.
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