Clermont-Ferrand, 15 June 2020 – (FR0004177046 METEX), METabolic EXplorer (METEX), a cleantech biochemical company that develops and industrialises competitive and sustainable fermentation processes offering alternatives to petrochemistry for the production and marketing of functional ingredients, would like to inform its shareholders that it has obtained a €6.2 million loan guaranteed by the State. This amount reinforces METEX’s cash flow, which had already benefited from a €7.3m fundraising in February 2020.

In the context of the Covid-19 health crisis, METabolic EXplorer requested the assistance of banking establishments through a State Guaranteed Loan (PGE)[1], which is available for a period of 12 months. This loan may be amortised over a period of up to 5 years. This allows METabolic EXplorer to continue its activities and, where appropriate, deal with the financial consequences caused by the delay in the development of its projects caused by the health crisis. 

All schedules, including for the METEX NØØVISTA plant under construction, are currently being updated. This will accurately determine the impact of this delay on the Company’s medium-term cash position.

[1] The PGE is an exceptional measure providing State guarantees to support the bank-based financing of companies affected by the Covid-19 crisis.

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About METabolic EXplorer – www.metabolic-explorer.com

Using renewable raw materials, the company develops and industrialises innovative and competitive industrial fermentation processes as alternative to petrochemical processes to meet consumers’ new societal expectations and the objectives of the energy transition. Its functional ingredients of natural origin are used in the formulation of cosmetic products, nutrition-animal health or as intermediates for the synthesis of biomaterials.

The construction of its first production unit, through its subsidiary METEX NØØVISTA, will bring 1.3 propanediol (PDO) and butyric acid (BA) on the market.

Based at the Clermont Limagne technology park, near Clermont-Ferrand, METabolic EXplorer is listed on Euronext in Paris (Compartment C, METEX) and is included in the CAC Small Index.

Get free financial information on METabolic EXplorer by registering with:
www.metabolic-explorer.com

Investor relations – ACTIFIN –
Benjamin LEHARI
Tél : + 33 (0) 1 56 88 11 11
mail : blehari@actifin.fr

Media relations – ACTIFIN –
Isabelle DRAY
Tél : + 33 (0) 1 56 88 11 11
mail : idray@actifin.fr