€23m raised by full exercise of the extension clause
Strong subscription from French and international institutional investors and
individuals Offer subscribed 143%
Evry (France) July 11, 2013 – Global Bioenergies – NYSE Alternext Paris: FR0011052257 ALGBE – an industrial biology company developing light olefin bioproduction processes, announces having successfully closed its capital increase launched June 27th 2013.
The capital increase launched on June 27th by Global Bioenergies has been a great success with a
total order for 1.15 million ordinary shares amounting to approximately 28.6 million euros and
representing a subscription rate of 143%.
The Company’s Chief Executive Officer has decided to fully exercise the extension clause. The
operation’s final gross value therefore amounts to 23 million euros and results in the creation of
927,419 new shares.
Liliane Bronstein, Global Bioenergies’ Chief Financial Officer points out: “The French investment
funds have largely participated in this operation. We have also attracted investors from several
other European countries as well as from the USA. Overall, orders have been placed by about forty
institutional investors.”
Karine Lignel, Director of Participations at CM-CIC Capital Innovation specifies: “CM-CIC Capital
Innovation has been attracted both by the already out of the lab, highly innovative technology and
by the company’s business model, based on out licensing to large industrial companies. It is a very
good time for us to take part, upon launching of the industrial pilot phase, and in the industrial
biology sector which we see as strategic.”
Alain Commissaire, Chief Executive Officer of Cristal Union adds: “Cristal Union has decided to
reinforce its participation in Global Bioenergies’ capital to accompany Global Bioenergies’
industrial development and to strengthen our group’s involvement in the promising field of
biosourced chemistry.”
Marc Delcourt, Global Bioenergies’ Chief Executive Officer concludes: “Individuals’ subscriptions
amount to 2.3 million euros, a major success in today’s financial environment. The proceeds will
enable us to propel Global Bioenergies into a new phase, largely dedicated to industrial
development”.
Settlement-delivery of the new shares will take place on July 16th 2013. The new shares will bear
all rights and will be entirely fungible with existing shares currently traded on NYSE Alternext
Paris. Admission of the new shares to trading is also scheduled for July 16th 2013 on the same
quotation line as existing shares.
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PRESS RELEASE
Use of the proceeds from the capital increase will include:
The financing of the isobutene process’ industrialization phase via the construction of two
pilots.
The development of the butadiene and propylene processes.
The initiation of new programs.
Financial intermediaries
Lead arranger and Bookrunner Lead arranger and Bookrunner
About GLOBAL BIOENERGIES
Global Bioenergies is one of the few companies worldwide, and the only one in Europe, that is
developing a process to convert renewable resources into hydrocarbons through fermentation.
The Company initially focused its efforts on the production of isobutene, one of the most
important petrochemical building blocks that can be converted into fuels, plastics, organic glass
and elastomers. Global Bioenergies continues to improve the yield of its process and prepares
the phase dedicated to industrial pilot testing. The company recently replicated this success to
propylene and butadiene and is also looking to continue with other members of the gaseous
olefins family, key molecules at the heart of petrochemical industry. Global Bioenergies is listed
on NYSE Alternext Paris (FR0011052257 – ALGBE).
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