Corporate | 8 December 2014 18:02
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Global Bioenergies S.A. / Key word(s): Corporate Action
GLOBAL BIOENERGIES proceeds with another 250,000 euro draw down on its Standby Equity Distribution Agreement Evry (France) – December 8 th , 2014 – Global Bioenergies (Alternext Paris: ALGBE) carries out a new draw down on the equity line signed on May 16 th , 2014 with Yorkville Advisors. Global Bioenergies issues 7,000 new shares individually priced at 35.87 euros as part of this new draw down. As per the signed agreement, the issued price of these new shares includes a 5% discount on the lowest weighted average price of ordinary shares traded during the previous five consecutive trading days. The funds will be distributed amongst the Company’s programs. The 7,000 new shares, which result in an equity dilution inferior to 0.3%, will be freely tradable on Alternext Paris and assimilated with the existing 2,768,468 shares. About GLOBAL BIOENERGIES Global Bioenergies is one of the few companies worldwide, and the only one in Europe, that is developing a process to convert renewable resources into hydrocarbons through fermentation. The Company initially focused its efforts on the production of isobutene, one of the most important petrochemical building blocks that can be converted into fuels, plastics, organic glass and elastomers. Global Bioenergies continues to improve the yield of its process and recently announced success with first testing in its industrial pilot. The company also replicated its achievement to propylene and butadiene two members of the gaseous olefins family, key molecules at the heart of petrochemical industry. Global Bioenergies is listed on Alternext, Euronext Paris (FR0011052257 – ALGBE).
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