GLOBAL ECOPOWER (EPA:ALGEP) GEP : Deferral of the publication of the 2019 financial statements and of the Annual General Meeting of Shareholders

Transparency directive : regulatory news

29/04/2020 18:59

PRESS RELEASE
Meyreuil (France), 29 April 2020

    Deferral of the publication of the 2019 financial statements and of the
                    Annual General Meeting of Shareholders

Within the framework of Order No. 2020-318 of 25 March 2020, Global EcoPower
(FR0011289198 - ALGEP) is announcing the deferral of its Annual General Meeting
of Shareholders and of the publication of its annual financial report.

Given the uncertainties linked to the current health crisis and within the
framework of Order No. 2020-318 of 25 March 2020, Global EcoPower has decided
to postpone its ordinary Annual General Meeting of Shareholders until September
2020 at the latest. A precise date will be set at a later stage and the meeting
will be convened using the legal means in force.

In parallel, on the basis of the communication by the French financial market
authority (Autorité des Marchés Financiers - AMF) dated 30 March 2020,
publication of the annual financial report will be postponed until June because
the preparation of the report has been complicated by the management of the
repercussions of the health crisis.

Jean-Marie Santander, co-founder and Chairman and Chief Executive Officer of
Global EcoPower, remarks: "As a result of the confinement measures around
Covid-19, Global EcoPower is keeping its system of home working in place until
11 May 2020. A resumption will take place in strict compliance with the health
rules implemented by the government. Accordingly, and within the framework of
Order No. 2020-318, we have decided to postpone the dates of the next Annual
General Meeting and Board of Directors meeting to approve the company's
financial statements. This pandemic will undoubtedly speed up trends in the
ecological sector and in particular projects underpinning the circular
economy."

About Global EcoPower:

GEP is a key player in the green industry, with two business lines:

* Its historical business is the construction of renewable power plants using
  wind, photovoltaics and biomass as energy sources. GEP has a presence across
  the value chain, from construction to power plant operations. So far, it has
  built and commissioned more than 10 power plants, representing over 150MW in
  installed power capacity.

* A new higher value-added activity building and developing Green Energy
  Business complexes, including an eco-business consuming high amounts of
  energy.

GEP is currently in the process of building France's first "algo-solar" complex
in Payra-sur-L'Hers (southern France), combining green energy and spirulina
production. This complex not only enables the production site to be fully
self-sufficient in terms of its energy needs, but it can also produce a surplus
of power, which will have a significant positive impact on operating
profitability.

In 2018, GEP generated EUR24.6m in revenue, operating income of EUR4.8m and a
net profit of EUR2.7m. GEP is listed on the Euronext Growth stock exchange in
Paris (ISIN code: FR0011289198 - Ticker: ALGEP). The company is eligible for
the SME personal equity plan (PEA-PME).

The Green Energy Business in a few words...

As part of the ecological transition process, the Green Energy Business refers
to the combination of green energy production with environmentally-friendly
industrial activity, so as to minimise environmental impact. The Green Energy
Business involves the construction of positive green energy complexes which
ensure a sustainable cost price of green products by consuming the energy they
produce.

GLOBAL ECOPOWER
Philippe Perret
Deputy Chief Executive Officer
contact@global-ecopower.com
+33 (0)4 42 24 50 16

ACTIFIN
Christophe de Lylle
Financial Communication
cdelylle@actifin.fr
+33 (0)1 56 88 11 11

ACTIFIN
Aminata Doucouré
Press Relations
adoucoure@actifin.fr
+33 (0)1 56 88 11 23

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