|The exercise conditions of the outstanding stock warrants are valid until June 9, 2016 included (2016/05/24 07:00 AM)|
On December 9, 2014, FUTUREN issued shares with attached stock warrants. Since that date, these stock warrants are listed on the Euronext Paris regulated market under ISIN code: FR 0012285922.
At any time until June 9, 2016 included, the exercise of 3 stock warrants entitles to subscribe to one FUTUREN share at a fixed unit price of €0.60 per share.
Any order to exercise stock warrants must be addressed to the financial intermediary of the stock warrant holder, together with the payment in cash corresponding to the exercise price, on June 9, 2016 included at the latest. Any stock warrant not exercised before market close on June 9, 2016 at the latest, will be cancelled.
For FUTUREN, the exercise of all the outstanding stock warrants would lead to a cash inflow of 23.4 million euros that would allow the Group to speed up its planned development.
This milestone occurs as the Group has significantly improved its financial situation and is today engaged in a sustained growth dynamic.
Indeed, FUTUREN reached, in 2015, a net profit for the first time since its creation. After several years of major transformation, FUTUREN is today an efficient and profitable industrial group of the renewable energy sector. Its core business as green electricity producer relies on 15- to 20-year buy-back contracts and offers recurrence and visibility over the long term.
On these solid bases, FUTUREN actively pursues its target to double its installed capacity for own account in France and Morocco in the short term. Operating 343 MW for its own account, the Group holds 199 MW of projects having obtained all authorizations needed for their installation and operation. 31 MW, currently under construction, will be commissioned by the end of 2016 and 21 MW will be commissioned in early 2018.
Since the beginning of 2016, FUTUREN obtained two new building permits in France, for a total capacity of 47 MW, and registered a strong increase in its revenue for the first quarter.
French Société anonyme (public limited company with Board of Directors) with a share capital of €18,606,276.10
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