Following the Board of Directors on July 7 2020, ESGTI AG is pleased to announce the following resolutions:
- To appoint Christian Nauer, M.A. HSG, CFA as CFO
- Ordinary capital increase to issue a further 1,530,000 ordinary shares at a subscription price of CHF 4 per share. In total, the ordinary capital increase resulted in 15,282,935 new ordinary shares that were issued at CHF 4 per share. The current share capital of the company thus amounts to CHF 32,226,383.28.
- To change the reporting standards to IFRS
- To propose a swap offer to the minority shareholders of AltEnergis plc for their shares on the following terms: 1 ESGTI share for 46.7 AltEnergis shares;
- To grant a conversion right to the holders of the 5Y ESGTI AG 5.75% Fixed Rate Certificates due 2025 – ISIN XS2158598354 and ISIN XS2173130746 at the following terms:
| Exercise Date | Conversion Price in CHF |
| 12 months after Issue Date | The greater of CHF 6.00 and Market Price less 15% |
| 24 months after Issue Date | The greater of CHF 6.00 and Market Price less 12.5% |
| 36 months after Issue Date | The greater of CHF 6.00 and Market Price less 10% |
| 48 months after Issue Date | The greater of CHF 6.00 and Market Price less 7.5% |
| 60 months after Issue Date | The greater of CHF 6.00 and Market Price less 5% |
