ESPERITE (ESP) executes private placement. Educe Capital invests EUR 2 million
26 May 2015 - 3:18PM
EUR 1.2 million in equity and EUR
0.8 million by means of a convertible loan note
Zutphen, The
Netherlands - 26 May 2015
ESPERITE announces an agreement
with Educe Capital (Malta), a financial holding company, for a
private placement of EUR 1.2 million in equity and EUR 0.8 million
by means of a convertible loan note, generating total gross
proceeds of EUR 2 million.
Pursuant to the private placement,
for a total subscription price of EUR 1,2 million, 389,610 new
ESPERITE shares shall be issued to Educe Capital at a price per
share of EUR 3,08, calculated on an average price of the past days.
Following this issuance, ESPERITE will have a total of 10,191,832
shares outstanding.
The unsecured convertible loan
notes will bear interest at a rate of 7% per year, payable
semiannually and be convertible from June 30, 2016 until maturity
at an initial conversion price of EUR 3,08. The notes will mature
on June 30, 2018, unless earlier converted or repurchased.
The transaction with Educe Capital
is expected to close on June 3, 2015 subject to customary closing
conditions.
Frederic Amar, CEO of ESPERITE:
"We consider this convertible loan and equity issuance beneficial
to our company, its shareholders and stakeholders. It signals a
strong vote of confidence to our business strategy, and a
recognition of the mass market potential of our exclusive high
technology products and new discoveries. We look forward to unlock
the potential of our future strategic expansion."
Dr. Kwame Bawuah-Edusei, CEO and
founder of Educe Capital: "We are very excited about our recent
investment in ESPERITE and hope our partnership will foster further
growth and expansion into new markets."
About ESPERITE
ESPERITE
group, listed at Euronext Amsterdam and Paris, is a leading
international company in regenerative and predictive medicine
established in 2000.
To learn more about the ESPERITE group, or to book an interview with CEO
Frederic Amar: +31 575 548
998 - ir@esperite.com or visit the websites
atwww.esperite.com and www.genoma.com.
ABOUT EDUCE CAPITAL LLC
Educe Capital LLC is a
multinational Investment Holding Company with interests in Europe,
United States and Ghana, in the fields of Biotech, Agro processing
and Real Estate. Educe Capital Malta is its investment arm in
Europe.
ESPERITE PR 26.5.2015 private
placement
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: Esperite N.V. via Globenewswire
HUG#1923758