on GECI INTERNATIONAL (EPA:ALGEC)
GECI International terminates its ORNAN financing contract
GECI International, a company specializing in digital and technology, announced the termination of its financing agreement in Bonds Repayable in Cash and/or in New Shares (ORNAN) for an initial amount of 10 million euros signed with Yorkville Advisors. Of this amount, only 250 thousand euros had been used.
This move marks a new milestone in the Group's growth momentum, particularly in the High-Performance Computing and Smart Cities sectors. At the same time, GECI International is pursuing its cost optimization strategy, notably by relocating its head office to Boulogne-Billancourt, to ensure efficient management from the 2025-26 financial year onwards.
The Group affirms its desire to prioritize sustainable growth based on value creation and rigorous financial management.
R. H.
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