BORDEAUX, France, August 25, 2010 /PRNewswire/ -- The two capital
increases launched by Europlasma on July
12th, 2010 with a view to financing part of its share for
building the first CHO-Power plant have been carried out
successfully. They will enable the Group to start building the
first CHO-Power unit at the Morcenx site very soon.
The first capital increase with preferential subscription rights
maintained was a resounding success. To meet the excess demand, the
extension option concerning 15% of the total gross amount of the
operation was exercised in full. In this way, the operation was
increased from an initial amount of 1,982,578.65 euros to 2,279,964.75 euros
following the exercising of the extension clause, with the creation
of 1,470,945 new ordinary Europlasma shares.
The second capital increase, through a private placement with
qualified investors, was also fully subscribed for. This operation
represents 4,029,112.50 euros, based
on the issuing of 2,302,350 new preferred shares at a price of
1.75 euros per share.
The funds raised - over 6.3 million
euros - will enable Europlasma to complete the closing of
its deal with its financial partner who will bring in total 26MEUR
(capital and interests), enabling the launch in the coming days of
the construction of the first CHO-Power plant (biomass and/or
residual waste power production based on an enhanced gasification
technique using the plasma torch's technological advances) in
Morcenx (France, 40). Overall, the
project financing of this plant will go up to 40MEUR, raised in
less than 6 months.
For Didier Pineau, the Europlasma
Group's Chief Executive Officer, "The success of these two
operations within a tough market environment and the usually
unfavorable summer months proves the relevance of the CHO-Power
concept and reflects the result of human and financial efforts made
over the past few months in order to make this concept a reality. I
would like to thank the Group's many individual shareholders as
well as our main shareholders for this further expression of their
support, which is going to make it possible to start building our
first CHO Power plant with our financial partner."
Furthermore, as announced at the general shareholders' meeting
on June 30th, the Group's governance
structure is changing. The Board of Directors has elected
Pierre Catlin as Non Executive
Chairman. Pierre Catlin has over 25
years of C-level experience within the Suez Group and has strong
expertise in the waste and utilities industries. He had joined
Europlasma as a member of its Strategic Investments Committee in
May 2009. Didier Pineau 's Group CEO position has been
renewed for 5 years., as well as Jean
Claude Rebischung's position of Group Deputy Chief
Executive.
The structure of the Board of Directors is now as follows:
- Pierre Catlin, Non Executive Chairman,
- Didier Pineau, Group Chief Executive Officer,
- Jean-Claude Rebischung, Group Deputy Chief executive and CEO
of Europe Environnement,
- Kim Ying Lee,
- Erik Martel, representing preferred shareholders,
- Roger Ammoun, DLJ MB Advisor's permanent representative.
About Europlasma
Founded in 1992, Europlasma is a French Group specialized in
clean technologies and renewable energy production. The Europlasma
Group is made up of four main units and 260 employees who are all
firmly committed to sustainable development and experts in waste
processing and reclamation.
- Europlasma develops, produces and markets waste processing
and energy production solutions based on its proprietary plasma torch
technology.
- Inertam is the global specialist for the destruction and
reclamation of asbestos and hazardous waste.
- CHO Power is a waste gasification power producer (EfW -
Electricity from Waste).
- Europe Environnement is the European market leader for
ventilation and air depollution systems for industry.
http://www.europlasma.com
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Press and investor contacts
Europlasma
Didier Pineau / Anne Borderes
contactbourse@europlasma.com
Tel: +33-5-56-74-73-72
Atout Capital Finance
Eric Parent / Melanie Bonanno
melanie.bonanno@atoutcapital.com
Tel: +33-1-56-69-61-81
Calyptus
Marie Ein / Alexis Breton
europlasma@calyptus.net
Tel: +33-1-53-65-68-68