Europlasma: new tranche of OCEANE bonds issued

(CercleFinance.com) - Europlasma, a specialist in the treatment of hazardous waste, says it has drawn down a new tranche of OCEANE bonds, without warrants attached, for a nominal amount of one million euros.


The issue of these 200 convertible bonds should give rise to the creation of 185,185.185 new shares on the basis of a theoretical conversion price of 0.0054 euro, i.e. 100% of the lowest daily volume-weighted average price for the last 15 trading days.

As a result, the stake held by a shareholder currently holding 1% of the company's capital could be reduced to 0.62%.

The group - which last March concluded a three-year, 15 million euro bond issue - claims to be in a position to finance the activities and investments of its subsidiary Les Forges de Tarbes until March 31, 2026.

At the same time, a 14.4 million euro line of credit will enable the company to cover the financing and investment needs of its other activities (waste treatment, recovery and decarbonization) until June 30, 2024.

The share price, down 4% today, is down more than 99% over the full 2023 trading year.

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