Share Issue/Capital Change • Nov 16, 2015
Share Issue/Capital Change
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Trappes, November $16th$ , 2015 - Egide announces the completion of a capital increase with removal of the preferred subscription rights of the shareholders, by way of private placement, of €1.06 million. This capital increase took place through the issuance of 406 536 new shares at a unit price of $E$ 2.60. Sigma Gestion has subscribed up to 957 k€ to the operation. The balance of the shares was subscribed up to 10 k€ by Philippe Brégi, Chairman of the Board, and up to 90 k€ by James F. Collins, CEO of the group.
Philippe Brégi explains: "This operation aims to enhance the financial resources of Egide group to enable it to continue its policy of investment and increase its flexibility to better meet the demand of its customers. Our strategic plan, decided by the Board of Directors and whose implementation has been entrusted to Jim Collins and his renewed leadership team, gives its first results. Figures of mid-2015, which
The new shares are common shares of the same class as the existing shares of the company. They are common enjoyment and are comparable to the existing shares of the company.
New shares from the capital increase were the subject of an application for admission to negotiations on compartment C of Euronext Paris. However, their rating may intervene only after issuance of the certificate of deposit of the depositary. They will be listed on the same line of rating that the old shares, will be fully assimilated since their admission to the negotiations under code ISIN FR0000072373 - mnemonic code: GID.
include investments, have thus marked an improvement over the previous six months, a tangible sign of the good execution of our plan."
Stephan Clerjaud, responsible investment sides at Sigma Gestion, comments: "After an initial investment in the context of the capital increase in June 2014, we have benefited from the strong growth of the share at the end of last year to settle our position. It is clear today that the management team delivers its plan. The commercial reorganization bears fruit and the strict keeping of deadlines for the installation of the ceramic line in the US reassures us. The turnaround now appears to us to be noted and we believe that the attractive valuation of Egide does not integrate this newfound visibility."
The fundraising done by Egide focuses on an increase of capital by issue of new shares with removal of the preferred subscription rights of shareholders (DPS). The operation took place by the issuance of 406 536 new shares at a price of €2.60, corresponding to a discount of 5% compared to the average weighted by volumes of the 3 last trading days preceding the meeting of the Board of Directors of 6 November 2015 which agreed on the terms of the transaction, namely €1 056 993.60 gross amount including share premium.
The capital increase was made in the course of a private placement in the meaning of article L. 411-2 of the monetary and financial Code.
Making use of the delegations conferred under the terms of the 14th resolution
On the basis of a capital now consists of 4 471 906 shares, the participation of a shareholder with 1.00% of the share capital of the company prior to the issuance, is now extended to 0.91%.
Pursuant to the provisions of article L.411-2 of the monetary and financial Code and article 211-2 of the general regulation of the Authority of Financial Markets (AMF), this issue did not give rise to a Prospectus approved by the AMF, as the total amount of the offer is between $€100,000$ and $€5,000,000$ and focuses on financial securities representing not more than 50% of the share capital of the company.
• Publication of 2015 annual sales: January 15th, 2016
Egide is a group with an international dimension, specialized in the manufacture of hermetic packages for sensitive electronic components. It operates in cutting edge markets with strong technology barriers to entry in all critical industry segments (Space, Defense, Security, Aeronautics, Telecommunications, Energy,...). Egide is the only pure player in this market niche with manufacturing bases in France and the United States.
adopted by the extraordinary general meeting of the shareholders of 16 July 2015, the Board of Directors of Egide decided on November 6, 2015, the increase of capital with removal of the DPS whose terms are detailed in this press release.
This operation aims to enhance the financial resources of Egide group to enable it to continue its policy of investment and increase its flexibility to better meet the demand of its customers.
This capital increase can also strengthen the hand of management in the company's capital through the participation of Philippe Brégi, President of the Board, and James F. Collins, CEO of the Group since September 11, 2014.
The subscription price was set at $E2.60$ per new share, corresponding to a discount of 5% compared to the average weighted by volumes of the 3 last trading days preceding the meeting of the Board of Directors of 6 November 2015, which agreed on the terms of the transaction.
Egide's shares are eligible to PEA-PME and FCPI.
Egide has renewed its certification "Entreprise Innovante" on July 30th, 2015 ISO 9001:2008 and ISO 14001:2004 certified quality and environmental management systems
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