Capital Increase

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 DateConversion Price in CHF
12 months after Issue DateThe greater of CHF 6.00 and Market Price less 15%
24 months after Issue DateThe greater of CHF 6.00 and Market Price less 12.5%
36 months after Issue DateThe greater of CHF 6.00 and Market Price less 10%
48 months after Issue DateThe greater of CHF 6.00 and Market Price less 7.5%
60 months after Issue DateThe greater of CHF 6.00 and Market Price less 5%

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