Press releases
The main shareholders of FUTUREN exercise their stock warrants (2016/06/06 07:00 AM) Mr. Pierre Salik, Mr. Michel Meeus and Mrs. Brigitte Salik on one hand, various funds managed by Boussard & Gavaudan on the other hand, announced, on Friday June 3, 2016 after market, that they entered into a shareholders' agreement under which they act in concert, and that they exercised all the stock warrants they were holding. In total, this new Concert declares the exercise of 78,415,975 stock warrants out of 116,164,471 stock warrants outstanding as at May 31, 2016. This leads to a cash inflow of about 15.7 million euros for FUTUREN. Exercising its stock warrants, BG Select Investments (Ireland) Limited, a fund managed by Boussard & Gavaudan, exceeds the threshold of 30% of FUTUREN's share capital and will file a project of simplified public offer on:
“I am pleased to note that the main shareholders of FUTUREN demonstrate their confidence in the Group and in the strategy implemented by exercising their stock warrants. The additional equity deriving from this exercise will enable FUTUREN to speed up its development, backed up by solid fundamentals. The simplified public offer that will be launched by a fund managed by Boussard & Gavaudan on FUTUREN outstanding securities will be reviewed by FUTUREN's Board of Directors in compliance with the applying regulatory procedures and the recommendations of the French Financial Markets Authority (AMF) About FUTUREN
French Société anonyme (public limited company with Board of Directors)
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