BORDEAUX, France, April 29, 2014 /PRNewswire/ --
Annual General Meeting
postponed
Europlasma informs its Shareholders that, due to the delay in
the Take Over Date of the CHO Morcenx power plant, it is not able
to publish its 2013 Accounts within four months from year-end
closing.
The Take Over Date of the plant represents a key milestone in
the CHO Morcenx project economics, in the proof of the CHO Power
concept and thus in the financial and business performance of the
Group underpinning its perennity.
In April, the performance tests were prejudiced by problems on
auxiliary equipment. These failures do not challenge the
technology, but they need to be corrected in order to ensure
optimal performance in the long term.
Since the Take Over Date cannot be precisely scheduled,
Europlasma is not able to communicate to its shareholders a
provisional agenda regarding the authorization by the Board to
release the FY2013 Accounts and their publication.
As a result, the date of the Annual General Meeting that will
approve these accounts is also uncertain at this stage.
Consequently, the company will request from the Commercial Court a
six-month extension of the statutory period to convene the Annual
General Meeting.
The Group will keep the market informed of the new financial
agenda as soon as it is finalized.
About Europlasma
Europlasma is a French Group operating in the clean technologies
and renewable energy production industries. Founded in 1992 to
apply its proprietary plasma torch technology to hazardous waste
destruction, it is now built on the following three business
units:
- Torches & Processes - Europlasma is a world-wide
supplier of plasma heating systems and related applications
- Hazardous Waste - Inertam is the global specialist in
the destruction and recycling of asbestos and hazardous waste
- Renewable Energies - CHO Power is a producer of
electricity from waste and biomass gasification.
http://www.europlasma.com [Alternext - NYSE Euronext Paris
- Mnemo : ALEUP - Isin : FR0000044810]
Press and investor contacts
Jean-Eric PETIT, Chief Executive Officer / Estelle
MOTHAY, Chief Financial Officer
Anne BORDERES, Press & Shareholders contact / Tel:
+33-556-497-000 / contactbourse@europlasma.com