Roctool announces that it has signed an agreement with ENRX for the latter to invest two million euros in Roctool's capital, at a price of 1.80 euros per share, giving ENRX a 17.47% stake in the molding technology specialist.
The acquisition of ENRX's stake and the appointment of a representative to Roctool's Board of Directors remain subject to shareholder approval at the Extraordinary General Meeting scheduled for February 13, as well as to the lifting of customary conditions precedent.
This transaction has the support of Roctool's reference shareholders, who together hold 46.84% of the company's voting rights, and who have undertaken to vote in favor of the adoption of the resolutions relating to this transaction.
In addition, to support the company and this project, the main holders of ORNAN 2021 bonds (representing 65.5% of the aggregate principal amount) have already undertaken to convert their securities into Roctool shares on completion of the transaction.
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Roctool S.A. specializes in the design and development of technologies for molding composite and plastic materials. Roctool's patented technology enables the molding of plastics while reducing the use of paint, or even improving the molding of recycled resins. Roctool S.A. offers induction heating systems, components for specific mold types, and engineering services.
ROCTOOL S.A. 
