AMOEBA (EPA:ALMIB) - AMOEBA: APPROVAL BY THE ANNUAL GENERAL MEETING OF JUNE 24, 2020 OF THE TRANSFER OF AMOÉBA SHARES TO EURONEXT GROWTH PARIS

Transparency directive : regulatory news

24/06/2020 17:45

PRESS RELEASE

Approval by the Annual General Meeting of June 24, 2020 of the transfer of
Amoéba shares to Euronext Growth Paris

Chassieu (France), June 24, 2020 - AMOEBA (FR0011051598 - AMEBA), producer of a
biological biocide capable of eliminating the risk in water and human wounds,
and of a biocontrol product for plant protection, still in the testing phase,
announces that the Ordinary and Extraordinary Shareholders' Meeting held on
June 24, 2020 approved the proposed transfer of the listing of its shares from
the Euronext Paris regulated market (compartment C) to the Euronext Growth
Paris multilateral trading facility, and grants full powers to the Board of
Directors to implement this transfer of listing.

The Board of Directors, which met on 24 June 2020 following the Annual General
Meeting, decided to implement this transfer. Amoéba's shares will be listed on
Euronext Growth Paris within a minimum period of two months.

Reason for the transfer

This project aims to enable Amoéba to be listed on a more suited market to its
size and market capitalization. The transfer to Euronext Growth Paris should
also simplify the Company's operations and reduce the costs related to its
listing, while enabling it to continue to benefit from the financial markets
appeal.

Condition of the transfer

The transfer project was approved by the General Assembly of Amoéba

Subject to the approval of Euronext Paris SA, the company's listing on Euronext
growth Paris will be carried out under an accelerated procedure for the
admission to trading of the Company's existing shares, without the issue of new
shares.

Consequences of the transfer

In compliance with current regulations, Amoéba informs its shareholders of the
possible consequences of such a transfer:

In terms of protecting minority shareholders:

* the protection of minority shareholders, in the event of a change of control,
will be ensured on Euronext Growth Paris by a mandatory public offer mechanism
in the event that the threshold of 50% of the capital or voting rights is
crossed, directly or indirectly, alone or in concert;

* companies listed on Euronext Growth Paris must only disclose to the market,
in terms of changes in shareholding, when thresholds (upwards or downwards) of
50% and 95%(1) of the capital or voting rights are met;

* in accordance with legal provisions, Amoéba will remain subject, for a
period of 3 years from the date of its delisting from the Euronext market, to
the mandatory public offer regime and to the maintenance of the disclosure
requirements relating to the threshold upwards or downwards as applicable for
companies listed on Euronext.

In terms of periodic financial reporting, there are lighter requirements,
including, without claiming to be exhaustive:

* extension to 4 months following the close of the half-year period of the
half-yearly financial statements publication deadlines, including a balance
sheet, an income statement and comments on the period;

* reduction of the information required for the corporate governance report and
the management report.

The Company will publish, within four months of the closing date, an annual
report including its annual (and consolidated) financial statements, a
management report and the Statutory Auditors reports. The Company will choose,
with a view of transparency for its investors and shareholders, to maintain the
IFRS standards application. It will also prepare a report on corporate
governance (lighter content). Within four months of the end of the first half
of the year, it will publish a half-yearly report including its interim
financial statements and a management report relating to these financial
statements.

In terms of permanent and regulated information:

Amoéba will continue to provide accurate, precise and truthful information,
making public any insider information concerning the Company, in accordance
with the European Market Abuse Regulation (MAR) which also applies to companies
listed on Euronext Growth Paris.

Regulated information (and in particular insider information) must always be
effectively and in full released. The Company will continue to use a
professional wire.

The ISIN code of the Amoéba share will remain unchanged: FR0011051598. The
mnemonic code AMEBA will become ALMIB as from the admission of the shares on
Euronext Growth Paris.

As part of its transfer to Euronext Growth Paris, Amoéba is accompanied by
Portzamparc BNP Paribas as Listing Sponsor.

(1) This threshold of 95% could soon change or be completed

Impact on the share liquidity:

As this is an unregulated market, the transfer to Euronext Growth Paris could
result in a change in the liquidity of the share that differs from the
liquidity observed since the start of the Company's listing on the Euronext
Paris regulated market. Such transfer could also lead some investors,
preferring securities of issuers listed on a regulated market, to sell their
Amoéba's shares.

Indicative timetable for the proposed transfer to Euronext Growth Paris
(subject to the agreement of Euronext)

March 27, 2020:
Publication of a press release on the operation project

June 24, 2020:
o Shareholders' Meeting authorizing the transfer of shares on Euronext Growth
Paris;
o Board of Directors deciding on the transfer;
o Request to delist the shares from Euronext Paris and request for their
admission to Euronext Growth.
o Information relating to the final transfer decision (second press release)

August 21, 2020:
o Notification by Euronext of its decision to admit the shares to Euronext
Growth Paris (release of an admission notice by Euronext)
o Publication of a press release by the Company announcing the transfer to
Euronext growth Paris and posting of the information document on line.

As of August 25, 2020:
Listing of Amoéba's ordinary shares on Euronext Growth Paris

About AMOEBA:

Amoéba's ambition is to become a major player in the treatment of bacterial
risk in the fields of water, healthcare and plant protection. Our biological
solution is an alternative to chemical products widely used today. Amoéba is
currently focusing on the market of industrial cooling towers estimated at
EUR1.7Bn (1) on a global chemical biocide market for water treatment, evaluated
at EUR21Bn (2) and on the biocontrol market for plant protection estimated
globally at EUR1.6Bn (4). In the future, the Company is looking at developing
new applications such as chronic wound care, estimated at EUR 751 million (3)
in the USA. Sales of associated products with healthcare, biocides and crop
protection are subject to the Company being granted local regulatory market
authorizations. The Company is currently in a trial phase for biocidal and
plant protection applications and does not market any products.
Created in 2010, based in Chassieu (Lyon, France) with a subsidiary in Canada
and in the United States, Amoéba is quoted on the compartment C of Euronext
Paris. The Company is a member of the BPIfrance Excellence network and is
eligible for the PEA-PME SME equity savings plan setup. More information on
www.amoeba-biocide.com.
(1): Amoéba data combined from sources: DRIRE 2013, Eurostat, ARHIA 2013
(2): Sources combined by Amoéba from water treaters, Freedonia, Eurostat et
MarketsandMarkets
(3): BCC Research, "Markets for Advanced Wound Management Technologies,"
Wellesley, MA, 2017
(4): Biopesticides Worldwide Market 2013, CPL, Wallingford, UK

Contacts:

Amoéba
Valérie FILIATRE General Manager
+33 (0)4 26 69 16 00
valerie.filiatre@amoeba-biocide.com

Investors and Media Relations
Grégory BOSSON / Mathieu CALLEUX
Agence Calyptus
+33(0)1 53 65 37 90
gregory.bosson@calyptus.net

Disclaimer

This press release contains certain forward-looking statements concerning
AMOEBA which are based on its own assumptions and hypothesis and on information
that are available to us. However, AMOEBA gives no assurance that the estimates
contained in such forward-looking statements will be verified, which estimates
are subject to numerous risks including the risks set forth in the Universal
Registration Document of AMOEBA filed with the French Financial Markets
Authority (Autorité des Marchés Financiers) on April 30, 2020 under number
D20-0416 (a copy of which is available on www.amoeba-biocide.com). The
forward-looking statements contained in this press release are also subject to
risks not yet known to AMOEBA or not currently considered material by AMOEBA.
The occurrence of all or part of such risks could cause actual results,
financial conditions, performance or achievements of AMOEBA to be materially
different from such forward-looking statements.

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AMOEBA (EPA:ALMIB) - AMOEBA: APPROVAL BY THE ANNUAL GENERAL MEETING OF JUNE 24, 2020 OF THE TRANSFER OF AMOÉBA SHARES TO EURONEXT GROWTH PARIS

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