Report
Guy Sips

Amoéba Capital increase via a private placement (11.4% at € 0.75)

Amoéba closed a capital increase via a private placement, carried out through an accelerated book-building process. They placed 8,897,973 new shares at a price of €0.75 per share for a total amount of €6,673,480, representing 11.43% of its share capital following the transaction. As a result (based on the higher number of share and taking into account the cash inflow) we lower our Target Price to € 1.4 but maintain our Buy rating.
Underlying
Amoeba SA

Amoeba SA. Amoeba SA is a France-based company that develops, manufactures and markets biological products. The Company specializes in disruptive biological solutions for the treatment of Legionella, amoeba and biofilm in water. The Company's offering includes products and services, such as: Cleantech biological solution, a patented technological disruptive product with no impact on the environment; amoebic analyses of waters of wet cooling towers (TAR), hot sanitary waters, industrial waters and waters of swimming pools; as well as Legionella tests of industrial waste water, among others. The Company is engaged in various technical, commercial, industrial and investment partnerships.

Provider
KBC Securities
KBC Securities

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Analysts
Guy Sips

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