McPhy Energy

Proposed transfer of the listing of McPhy shares on Euronext Growth Paris

Grenoble, April 10, 2024 - 6:00 pm CEST – The Board of Directors of McPhy Energy (the “Company”), meeting on April 9, 2024, decided to submit to the next Combined Shareholders' Meeting, to be held on May 30, 2024, in its ordinary part, for approval the proposed transfer of the Company's shares listing from the regulated market of Euronext Paris (compartment C) to the organized multilateral trading facility of Euronext Growth Paris.

Reasons for the proposed transfer

This proposed transfer would enable the Company to have its shares admitted to trading on a growth market for SMEs, in line with its current size and share profile, and would alleviate the obligations and constraints with which it has currently to comply.

This would enable the Company to simplify and reduce the resources mobilized for its listing, while benefiting from the attractiveness of Euronext Growth, a market open to both professional and retail investors, with nearly 600 listed companies.

Conditions of the proposed transfer

This transfer operation involves applying to Euronext to have the shares delisted from the Euronext Paris market and simultaneously admitted to trading on the organized multilateral trading facility of Euronext Growth Paris.

Subject to approval by the Shareholders' general meeting and the agreement of Euronext Paris, this direct listing will be carried out via an accelerated admission to trading procedure for the Company's existing shares, without the issuance of new shares.

The Company currently meets the eligibility requirements for the transfer procedure, i.e. a market capitalization of less than one billion euros and a minimum public float of 2.5 million euros. These conditions will also have been met on the day of the transfer request.

Main consequences of the proposed transfer (non-exhaustive list)

In accordance with current regulations, McPhy wishes to inform its shareholders of certain possible consequences of this transfer:

Protection of minority shareholders                     

Obligation to file the crossing of thresholds. For a period of 3 years from the listing of McPhy shares on Euronext Growth Paris, the obligation to file to the Autorité des Marchés Financiers ("AMF") and to McPhy the crossing of thresholds of 5%, 10%, 15%, 20%, 25%, 30%, 1/3, 50%, 2/3, 90% and 95% of McPhy's capital or voting rights will be maintained, in accordance with article 223-15-2 of the AMF's General Regulation. At the end of this period, only the crossing of the thresholds of 50% and 90% of McPhy's capital or voting rights will have to be reported to the AMF and the Company, in accordance with Article 223-15-1 of the AMF's General Regulation, subject, where applicable, to the crossing of statutory thresholds to be reported to McPhy.