EGIDE: CAPITAL INCREASE HIGHLY SUCCESSFUL

 

  • 5.1 million Euros raised to implement the plan « Engagement 2018 »
  • Oversubscription rate of 120% - Full exercise of the Extension Option
  • Issuance of 2.280.573 new shares as of June 30, 2014

 

 

Bollène and Trappes, June 25, 2014 - 5 :45pm (CET)

 

EGIDE, an internationally active French group specialized in design and production of hermetic packages solutions for sensitive electronic components, announces today the success of the capital increase launched on last June 3, subscription rights being maintained.

 

Eric Michel, CEO of EGIDE, comments these results: "This capital increase has been broadly oversubscribed thanks to the support of our shareholders, current [but also new], who thus testified their confidence in the group's new development strategy. Now, it has financials means at its disposal, necessary to implement the plan "Engagement 2018". It aims at conquering new markets in France and abroad and developing our industrial tool in France and in the USA so that we may double our revenue within five years, with significant and sustainable profitability."

 

At the end of the subscription period, the overall demand went up to 2.372.945 shares, among which 1.684.650 have been subscribed to as irreducible amounts, which brought the subscription to 120%.

 

Consequently, EGIDE's Board decided to fully exercise the offer's Extension Option. The demand to as irreducible amounts, which focused on 688.295 shares will be consequently partially allocated.

 

The final gross amount of this operation is valued at 5.131.289 Euros, corresponding to the creation of 2.280.573 new shares, after the full exercise of the Extension Option.

 

The issuance of new shares and the settlement/delivery will take place on June 30, 2014. New shares will be admitted to transactions on Euronext Paris on July 1, 2014. They will be immediately integrated to existing EGIDE shares and will be negotiable on the same listing (ISIN: FR0000072373).

 

As of June 30, 2014, EGIDE's capital will thus include 4.065.370 shares, with a par value of 2 Euros each.


EGIDE would also like to thank INVEST SECURITIES, global leader.

 

Next financial publications (after market)

 

  • 10 July 2014 : Second Quarter Revenue
  • 29 September 2014 : Half year Results

 

About EGIDE

Created in 1986, EGIDE, an internationally active French group, is a parts manufacturer specialized in design and production of hermetic packages for sensitive electronic components.

The group plays a role on high-tech market with a strong technological barrier, in all critical spheres (Space, Defense, Security, Aeronautics, Telecommunications, Energies, Medical.)

EGIDE shares are eligible for PEA-PME and FCPI.

 

Euronext Paris - Compartment C - ISIN: FR0000072373 - Reuters: EGID.PA - Bloomberg: GID

More information on www.egide.fr:
http://www.egide.fr/

 

CONTACTS 

 

EGIDE - Philippe Lussiez - Chief Financial Officer - plussiez@egide.fr:
mailto:plussiez@egide.fr

 

CITIGATE DEWE ROGERSON 

Agnès Villeret - Investors Relations - Tel: + 33 (0) 1 53 32 78 95 - agnes.villeret@citigate.fr:
mailto:agnes.villeret@citigate.fr

Gwenola de Chaunac - Press Relations - Tel: +33 (0) 1 523 32 77 14 - gwenola.dechaunac@citigate.fr

 

INVEST SECURITIES

Eric d'Aillières - Executive Manager -Tel: + 33 (0) 1 44 88 77 88 - edaillieres@invest-securities.com:
mailto:edaillieres@invest-securities.com

 

 

PDF Version:
http://hugin.info/143399/R/1803110/621604.pdf


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: EGIDE via Globenewswire
HUG#1803110