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EUROPLASMA
21-09-2009 : EUROPLASMA: Firmata lettera d intenti per finanziare le unitÃ CHO-Power in Europa
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Firmata lettera d intentiper finanziare le unitÃ CHO-Power in EuropaEuroplasma ed un fondo d investimento inglese specializzato in energia rinnovabile hanno messo a punto una collaborazione esclusiva per lo sviluppo e il finanziamento in Europa (zona sterlina ed Euro) di progetti di gassificazione di biomassa con tecnologia basata sul plasma . I due partner hanno firmato una lettera d intenti per finanziare una struttura ad holding - CHO Invest EU1 - che a sua volta dovrÃ finanziare almeno 50 MWe in tre anni e poi ulteriori 150 MWe per due anni, che rappresentano un potenziale totale di 200 MWe su un periodo di 5 anni nei settori dell elettricitÃ da rifiuti (EfW, Electricity from Waste) e dell elettricitÃ da biomassa (BtE, Biomass to Electricity) . L accordo non include eventuale trasferimento di proprietÃ intellettuale e non implica nessuna diluizione per gli azionisti . Under the terms of the letter of intent, the investment fund is already planning to devote approximately 16 . 8 million euros to developing the Morcenx (Landes, France) production unit . With a capacity of 12MWe, this first CHO-Power electricity production unit will make it possible to supply 50,000 people with electricity from the recycling of 55,000 tons of common industrial waste each year . For Didier Pineau, Europlasma s chairman and founder, "the ramping up of renewable energy production activities which began in 2008, including the Morcenx project, lies at the heart of Europlasma s development for the years ahead and I am delighted that we have taken this further step forward" . For CÃ©dric BÃ©rard, the Group s chief legal and financial officer, "all of the actions taken by Europlasma over the last 10 months could benefit from a significant acceleration . Moreover, the choice of a reputed partner specialized in renewable energies would considerably increase the level of expertise that our current and future projects will be able to draw on" . With respect to the Morcenx project, the technical due diligence was entrusted to SLR Consulting Ltd, a specialist consultancy in the environmental and waste management sectors . The closing of the financing arrangements for Morcenx is subject, inter alia, to the completion of the legal diligence process and final approvals, which are expected this autumn . About EuroplasmaFounded in 1992, Europlasma is a French Group specialized in clean technologies and renewable energy production . The Europlasma Group is made up of four main units and 260 employees who are all firmly committed to sustainable development and experts in waste processing and reclamation . In 2008, the Group grew by nearly 20%, with E35 . 3 million in revenues . Europlasma develops, produces and markets waste processing and energy production solutions based on its proprietary plasma torch technology . Inertam is the global specialist for the destruction and reclamation of asbestos and hazardous waste . CHO Power is a waste gasification power producer (EfW - Electricity from Waste) . Europe Environnement is the European market leader for ventilation and air depollution systems for industry . [www . europlasma . com] [NYSE Euronext Paris Alternext - Ticker: ALEUP - ISIN: FR0000044810]

Press and investor contacts
Europlasma	Calyptus
CÃ©dric BÃ©rard, Chief Legal and Financial Officer	Marie Ein / Alexis Breton
contactbourse@europlasma . com - Tel: +33 5 56 49 70 00	europlasma@calyptus . net - Tel: +33 1 53 65 68 68

Copyright Hugin Questo comunicato Ã© distribuito da Hugin . L emittente Ã¨ l unico responsabile per il contenuto del comunicato . [CN#158455]

BENETTON GROUP
21-09-2009 : BENETTON GROUP : news della settimana
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BB BIOTECH
18-09-2009 : BB BIOTECH : Valore Intrinseco
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BB BIOTECH
17-09-2009 : BB BIOTECH : Valore Intrinseco
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GILBERT DUPONT
17-09-2009 : GILBERT DUPONT : Gilbert Dupont parteciperÃ alla 9a Edizione del Midcap Events
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GINGER
17-09-2009 : GINGER partecipa al Midcap Events di Parigi
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BB BIOTECH
16-09-2009 : BB BIOTECH : Valore Intrinseco
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Global Ecopower
16-09-2009 : Global EcoPower sarÃ presente al Mid Cap Event
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Un groupe d obligataires / A group of bondholders
16-09-2009 : Un groupe d obligataires / A group of bondholders : DOMANDE SUL PIANO DI RISTRUTTURAZIONE FINANZIARIO E STRATEGICO DEL GRUPPO ORCO PROPERTY
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DOMANDE SUL PIANO DI RISTRUTTURAZIONE FINANZIARIO E STRATEGICO DEL GRUPPO ORCO PROPERTYEgregio Signor Presidente:1 . Il Gruppo Orco Property ha pubblicato sul suo sito web, www . orcogroup . com, un "riassunto dei termini e delle condizioni indicative datato 9 settembre 2009", che enuncia i termini e le condizioni di un "piano di ristrutturazione strategico e finanziario" che ha la finalitÃ di "migliorare il proprio bilancio patrimoniale", nel contesto delle procedure di salvaguardia avviate dal tribunale commerciale di Parigi il 25 marzo 2009 per un periodo di osservazione di 6 mesi che terminerÃ il 25 settembre 2009 . 2 . Deduciamo che il Gruppo Orco Property:(i) is asking bondholders to commit to a minimum write-off of 50% of the existing bonds (based on their notional amount), and to the conversion of a further 20% of the bonds into shares, i . e . to a reduction of the company s outstanding bonds by 70%, which could even rise to 80% if, prior to 19 November 2011, the company redeems the new bonds that it is otherwise proposing to issue in exchange for the remaining upstanding bonds;(ii) intends to impose a lengthy lock-up on the shares that will be issued to the bondholders in exchange for part of their existing bonds, and to disapply the preferential subscription rights with respect to such shares;(iii) is not giving bondholders the right to subscribe in cash to any share capital increase before July 2010, at which time they will only be able to subscribe pro-rata to their shareholding, which underscores management s intention to disapply preferential subscription rights to all of the new shares to be issued to bondholders in exchange for part of their bonds;(iv) has not been able to secure a commitment by anyone to make an equity investment even in light of the substantial potential reduction of the bondholder claim and of the value of the shares to be attributed to bondholders;(v) has granted free warrants to Colony Capital and is planning to grant free warrants to existing shareholders and to management, all in an amount in excess of E 222 million, without having secured any form of equity commitment whatsoever . 3 . Should that mean that the company does not need a new equity investment, we fail to see why bondholders are asked to write-off their bonds . On the other hand, if the company does need a new equity investment, we fail to see why bondholders are not given the opportunity to provide such investment themselves on an equal footing with Colony Capital, the existing shareholders and the management . 4 . We are hoping that at the briefing meeting that will be held by the company in Paris on 17 September 2009, Orco Property Group s management will:(i) provide the rationale behind the proposed treatment of its bondholders in this restructuring;(ii) explain how it can expect two-thirds in value of all Orco Property Group bondholders to vote in favor of this plan at the 24 September 2009 general bondholder meeting to be held at the Paris commercial court (such approval being one of the conditions set by the French safeguard process in order for the restructuring plan to be adopted by the court);(iii) explain what it is intending to do should the bondholders not vote in favor of the plan, in particular whether it will ask the commercial court to impose a term-out for the repayment of the bonds or request that the safeguard proceedings be extended for a further 6 months;(iv) explain how it intends to use its holding of the 2014 warrants, which they asked be repriced, to effect the company s restructuring . Yours sincerelyA group of bondholders representing one third of the notional amount of all bonds issued by Orco Property Group . Copyright Hugin Questo comunicato Ã© distribuito da Hugin . L emittente Ã¨ l unico responsabile per il contenuto del comunicato . [CN#158361]

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