(News Bulletin 247) – The company les Agences de Papa announces the issue of 5 million share issue warrants for a maximum amount of funds raised of 10 million euros in the event of the company’s drawdown.

This operation is part of its planned transfer of listing on Euronext Growth Paris which could take place soon, subject to the agreement of Euronext Paris SA.

The exercise of the warrants and the subscription of the resulting new shares of the Company will be at the sole initiative of the Company and at a subscription price of 2 euros per share (unless there is an adjustment).

The issue and subscription of these share issue warrants is therefore conditional on the effective transfer of the listing of the company’s shares on Euronext Growth Paris, subject to the agreement of Euronext Paris.

The issue involves 5 million share issue warrants each giving the right to subscribe to 1 new share of the company at a fixed price of 2 euros. The conversion ratio is therefore not linked to the share price and can only be adjusted in the event of a subsequent issue of shares by the company at a price of less than 2 euros.

The exercise of the warrants and the subscription of the resulting new shares of the Company will be at the sole initiative of the Company.

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