Voltalia Signs Equity Line Agreement to Enhance Share Liquidity

Voltalia, the French clean energy projects developer, has signed an agreement for an equity line aimed at increasing the liquidity of its shares.

Voltalia develops wind, solar, hydro and biomass with a current installed capacity of 271 megawatts under operation in France, Brazil, Greece, French Guiana and Morocco.

Under the agreement, the company issued a total of 1,000,000 warrants, allowing subscription to an equal amount of equity shares. Kepler Chevreux, acting as a financial broker that will not remain at the company’s share capital, will underwrite the subscription of the shares on a firm commitment basis. Should all warrants be exercised, a total of 1,000,000 new shares will be issued, representing a total amount of EUR 10 million (US$ 11.13 million). The share of free float would thus increase from 14.7% to 17.8% of the company’s share capital.

“The implementation of this equity line will enlarge our free float, hence contribute to progressively enhance our shares’ liquidity. It is a key element in the shaping of our stock market presence and it will give us access to a broader range of investors likely to support our strong growth,” said Sebastien Clerc, CEO of Voltalia.

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