MILANO (AIMnews.it) - The Board of Enertronica, active in the renewable energy sector, has approved a submission to the shareholders' meeting, convened as an extraordinary session on 27 April, the proposed capital increase of up to 10 million euros, of which 5,0 mln with exclusion of the option right and 4.99 mln to be offered as an option to the shareholders and holders of the convertible bonds "Enertronica POC 2017-2022". The capital increase will aim to strengthen the Group's industrial division, in particular Elettronica Santerno and the eMobility business line. The Board has identified a minimum price of 3 euros per share based on the future potential of the company, also following the consolidation of its industrial activities. Enertronica has started preliminary contacts with significant shareholders and institutional investors who have welcomed the transaction. The proposal to the meeting regards in particular the granting of a proxy to be attributed to the BoD, to be exercised within three years. At the time of exercising the proxies, the fairness of the issue price will be assessed, considering the average of 6 months of the share price and may be chosen higher than 3 euros. Enertronica will issue new warrants free of charge to all shareholders who would execute the Incentive Option Delegation and the Reserved Income Delegation in the ratio of 1 Warrant for each share held; the new warrants issued will have a duration of 3 years, with a conversion price of 3 euros for the first window, of 3.3 euros for the second window and of 3.63 for the third window; an additional period of conversion of the "2013-2018 Energetic Warrant" is also envisaged pursuant to the issue regulation. The BoD also started a review phase of the Business Plan approved on March 22, 2017, necessary as a result of the change in the Group's perimeter. The new plan will be approved within the first ten days of May 2018.