Greenergy gets P415M capital infusion

Publicly listed Greenenergy Holdings Inc. is receiving a P415-million capital infusion from Cleantech Projektgesellschaft mbH, a fund managed by the ThomasLloyd Global Asset Management (Switzerland) AG, following the closing of a deal last week.

In a disclosure to the Philippine Stock Exchange, Greenergy said Cleantech, pursuant to the investment agreement signed in August this year, subscribed to 20.78 billion primary shares of Greenergy.

Cleantech was also issued two warrant certificates under the American call option covering 10.49 billion shares with a strike price of 2 centavos per share and 10.49 billion shares with a strike price of 3 centavos per share, which can be exercised within three years from the warrant’s issuance.