The Equity Line set up by MND is an equity financing line to support with flexibility the Group’s growth. Therefore, 2.500.000 new shares may be created and negotiated by Kepler Cheuvreux based on the weighted average share price during the period.

MND has no obligation to drawings and will use this financing line as and when the need arises.

In the event of using the full financing line, the incurred capital increase could represent a little over 7 million euros.

Concurrently, MND bought the company ER2I Montagne, financed partially by the allocation of MND shares to the founding partner of the company ER2I Montagne.

LAMY LEXEL, legal partner of MND Group, advised its client on all these operations, with a dedicated team, under the leadership of Michel MASOËRO, partner, composed of specialists in stock exchange and finance (Vincent MÉDAIL, partner, Frédéric DUPONT, senior manager and Hugues TESTU, lawyer).