Vergnet concludes a protocol with Global Growth and issues a loan of 150,000 euros

On November 18, 2024, Vergnet approved a settlement agreement with Global Growth Holding Limited, ending the ongoing litigation. This agreement includes the issuance of bonds redeemable in shares (ORA) for €150,000, in accordance with the decisions of the general meeting of September 2024.

This mechanism allows the restructuring of a debt of 761,250 euros held by Global Growth. A portion will be converted into shares, while the balance will depend on certain turnover thresholds. The ORAs have a maturity of 24 months without interest, being repayable in shares or cash.

The transaction could result in significant capital dilution for existing shareholders. The issuance of the new shares on the market could also affect Vergnet's share price.