Paris – 11 July 2014 – EnterNext, the Euronext subsidiary dedicated to promoting and growing the market for SMEs[1], today congratulated Voltalia, which produces electricity from renewable energy sources, on its transfer to Compartment B of Euronext’s regulated market in Paris.
Founded in 2004, Voltalia is expanding its electricity production operations in continental France, Brazil, Greece and French Guyana.
The company develops, builds, owns and operates electric power plants. At year-end 2013 it operated a total of 13, representing 52.2 MW—42% wind-powered, 32% solar-powered, and the reminder powered by biomass and hydraulic energy.
Voltalia (ticker code: VLTSA) was listed through the admission to trading of the 24,404,677 shares making up its equity, including 11,639,660 new shares issued in a Global Offering.[2]
The admission and issue price of Voltalia shares was set at €8.60 per share. Market capitalisation was around €210million on the day of listing, and the offering raised over €100 million.
“We want to congratulate Voltalia, specialised in renewable energy sources, on its successful capital increase and transfer from the Free Market to Euronext. This new stage in its market presence will help the company secure the financial resources it needs to grow while raising its profile with investors,” said Eric Forest, Chairman and CEO of EnterNext.
Sébastien Clerc, CEO of Voltalia commented, “We are delighted to announce the success of both our capital increase and our transfer to Euronext’s Compartment B, and would like to extend warm thanks to our shareholders, old and new, for their trust. Funds raised will be used to finance work in progress on our power plants in France and Brazil over the next twelve months. This is aimed at increasing our production capacity seven-fold between now and mid-2016—from 52 MW today to 363 MW. The first stage in this bold and critically important programme will come this year as we start up five new wind-powered plants and raise our output to 162 MW. Funds will also enable us to finance part of our projects now in development. This change in scale in a buoyant market, combined with our solid existing positions, will enable us to consolidate our standing as a specialist in renewable energy listed on Euronext in Paris.
Last but not least, this operation strengthens Voltalia by increasing our equity 2.5-fold and doubling our float.”