NEOLIFE® Transfers to Alternext
Paris – 4 October 2016–EnterNext today welcomed NEOLIFE®, experts in green technology in the construction industry, for its admission to trading on Alternext Paris having transferred from the Marché Libre.
NEOLIFE® was created in August 2012 to help pioneer ‘green technology’ in the construction industry. It specializes in the conception and commercialization of innovative solutions in biomaterial construction in response to the professional requirements of building sites. NEOLIFE® relies on its innovation, taking advantage of a range of patented products developed alongside experts. The group is the creator of VESTA®, a new environmental material with unique properties. NEOLIFE® aims to become one of the largest European companies in green technology, specifically in regards to developing its commercial strength in France and Europe.
NEOLIFE® (ticker symbol: ALNLF) was listed through the admission to trading of 18 203 544 shares on Alternext Paris following a transfer from the Marché Libre on 29 September 2016. Market capitalisation on the day of listing was around €32 million.
Having been listed on the Marché Libre ever since 2013, NEOLIFE® looked towards Euronext’s markets in order to finance its growth through successive operations which allowed it to raise €8 million since it was first listed on the Marché Libre, €2 million of which was raised in 2016. The transfer onto Alternext is designed to attract further shareholders, and to allow access to new sources of financing.
Patrick Marché, Président of NEOLIFE® declared, “In just a few years, our special team has written the first pages of a unique story. Our eco-material VESTA®has propelled NEOLIFE® to first place in our industry, innovative companies involved in modern construction. We have tamed wood, and thanks to extrusion we have opened the door to a new market. Listing on Alternext is a proud moment for us, and caps off our work, whilst offering us new opportunities. I would like to thank all our clients, partners and shareholders for their trust in us, and of course our team of workers for their motivation and effort.”
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