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Jeantet advises O2i on its capital increase through the issuance of shares with share subscription warrants attached

Cyril Deniaud , Clémence Gagneux

Jeantet advised O2i, a company listed on Euronext Growth Paris, on a capital increase with preferential subscription rights, through the issuance of shares with share subscription warrants attached.

Following the subscription period, opened from July 14 to July 25, 2017, the subscription reached around 2.7 million Euros, exceeding the initial amount offered of 2.5 million Euros.

This transaction has allowed to raise a gross amount (issuance premium included) of 2,741,134.20 Euros through the issuance of 1,957,953 shares with share subscription warrants attached, at a share price of 1,40 Euro.

The new shares have been tradable on Euronext Growth Paris since August 2, 2017, on the same listing line as the existing shares, and the share subscription warrants, which have been detached from the new shares on their issuance date, are also tradable on Euronext Growth Paris.

The funds raised will give the O2i group and its subsidiaries strengthened financial resources to sustain their internal growth projects and pursue potential external growth opportunities.

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Jeantet: Cyril Deniaud, counsel, and Clémence Gagneux, associate (Corporate / Capital market law department).