RE: Ebioss18 Dec 2018 16:24
That was a follow up from this
Spanish
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.
Given the negative evolution of the value, and the high volatility recorded in the
behavior of its quotation, the Company has deemed it relevant to inform
shareholders, and investors in general, the present Significant Event expressing the
evolution of its activity.
As has been reported to the market, since last February a pre-agreement of
investment, which was subsequently ratified in a binding MOU dated July 24, 2018,
The Company was assured of financing for the continuity of its projects and subsequent
generation of value for its shareholders.
Given the unexpected unsuccessful payment of such commitment communicated on August 1, 2018,
Ebioss had to accelerate the restructuring of its liabilities, the adjustment of its costs and the
achievement of alternative financing, whose first result was the financing agreement
signed with GEM last October.
In parallel with the restructuring efforts, the Company has been working on an important
capital increase that will allow diversifying the group's activity and risk, contributing
solvency to our assets and viability to finish restructuring our
passive.
Such capital increase will be made at a minimum capitalization of € 20,918,186, taking into account the
face value of € 1 / current share. This makes no sense at current capitalization levels,
which the Company has deemed relevant to share with the market to ensure that no
shareholder or investor can make their decisions without having this point clear.
We remain at your disposal for any clarifications deemed appropriate.
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