Global EcoPower strengthens its equity by EUR 1M through issuance of convertible bonds

Aix-en-Provence (France), September 1^st, 2015. Global EcoPower (Alternext - FR0011289198 - ALGEP) announces that Atlas Capital Markets (ACM) has definitely subscribed to bonds convertible into shares with attached warrants (OCABSA) and to two lines of warrants (BSA) within the framework of the issuance contract dated July 21, 2015 (read the press release of July 22, 2015).

All conditions precedent relating to these operations have been lifted, allowing the subscription by ACM to the OCABSA and the two lines of warrants after expiry of the subscription time limits provided for in the issuance contract.

Global EcoPower reminds that this issuance contract essentially provides:

• The issuance of 10,000 bonds convertible into shares (OCA), each with a nominal value of € 100, with attached warrants (Warrants₁), which may lead to a capital increase of a maximum amount of € 2,000,000;


• The issuance of 90,000 Warrants₂, which may lead to a capital increase of a maximum amount of € 9,000,000; and


• The issuance of 22,500 Warrants₃ which may lead to a capital increase of a maximum amount of € 2,250,000.

The conversion and exercise of all OCABSA, Warrants₁, Warrants₂ and Warrants₃ would thus allow to strengthen the equity of GEP through potential capital increases of a maximum total amount of € 13,250,000.

This financing, which aims to strengthen the equity of GEP, will allow the Group to pursue the development strategy of its wind activity which consists of (i) acquiring the rights to build wind farms, (ii) financing the equity and implementing the bank financing, (iii) constructing, commissioning and connecting the power plants, then finally (iv) selling them, while continuing their operation on behalf of third party investors.

These funds will also allow to finance the working capital requirements of the turnkey construction activity of photovoltaic power plants.

About Global EcoPower (GEP)

Global EcoPower is an Aix-en-Provence based company and a “turnkey” constructor of power plants using renewable energies, wind and solar power. GEP is listed on the NYSE Alternext Paris Market of NYSE Euronext (ISIN code: FR0011289198 - mnemo: ALGEP). GEP is eligible for PEA-PME.

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