BOOSTHEAT: enters the stock market to finance its development

Boostheat goes public. The French energy efficiency company, which designs, develops, produces and markets a new generation of more ecological and economical boilers, has announced the success of its IPO and the forthcoming listing of its shares in Compartment C. Euronext Paris. Overall demand amounted to 3,223,891 shares, an oversubscription rate of approximately 1.3 times. The introductory price was fixed at 14 euros per share, at the lower end the indicative range between 14 and 17 euros. It also decided to grant Gilbert Dupont an over-allotment option, exercisable until 8 November 2019 (inclusive), for a maximum of 375,000 new shares, for a maximum amount of approximately 5.2 million euros. .

In total, the mission represents a capital increase of a gross amount of approximately 35 million euros. The number of shares issued under this operation amounts to 2,500,000 new shares. As a result of this transaction, the share capital of Boostheat now consists of 8,702,078 shares, representing a market capitalization of 122 million euros on the basis of the IPO price.

The free float represents 9.35% of the share capital of the company before the possible exercise of the over-allotment option.

"With this fundraising, we are giving Boostheat the financial means to implement its growth strategy," said Luc Jacquet, General Manager and Co-Founder.

"We will be able to accelerate our commercial expansion internationally, continue our R & D efforts and expand our range of products and services," he added.

Thus, the negotiation of shares in the form of share pledges has started today. The settlement and delivery of the OPO and Global Placement is scheduled for October 10, 2019.

The shares will be admitted to trading on the regulated market of Euronext Paris from 11 October 2019.