Capital increase

with pre-emptive subscription rights

Access to this information is restricted to French residents who are physically present in France.

Read the press release related to capital increase results

Transaction details

For each share held on 22 June 2023, you will receive a pre-emptive subscription right (PSR) that can be traded from 23 June to 5 July 2023 inclusive and exercised from 27 June to 7 July 2023 inclusive.

Exercising 7 PSR entitles you to subscribe for 3 new CARBIOS shares at a unit price of €25.32, a 37% discount (compared to the closing price on 20 June 2023)

Carbios codes

Name: Carbios
Ticker symbol: ALCRB
ISIN: FR0011648716
Listing market: Euronext Growth Paris
ISIN code of the PSR: FR001400IRI9
Carbios shares and PSR are eligible for the PEA and PEA-PME investment schemes

As of the date of the Prospectus, the Company has subscription commitments from its strategic shareholders: BOLD Business Opportunities for L'Oréal Development, Michelin Ventures, L'Occitane, Copernicus Wealth Management and Truffle Capital.

A word from the CEO

“Dear Sir, Madam, shareholders,

Carbios is embarking on its tenth year of being listed on the stock market. Ten years during which your company has been transformed. Ten years of a journey undertaken by your side that gives us immense pride. Ten years of research producing results that have exceeded all our expectations, meaning that we can now deploy our industrial and commercial ambitions.

In 2013, we appeared before you with a vision that one day our innovative technologies, inspired by nature, would revolutionise the life-cycle of plastics and textiles to protect the planet and our oceans from plastic pollution. This ambitious promise involved the virtuous and environmentally responsible recycling of one of the world’s most used plastics: PET (polyethylene terephthalate). The circular nature of this plastic is now becoming a reality, thanks to your trust and the unfaltering efforts of our teams and our industrial and academic partners.”

“Today, our PET biorecycling and PLA biodegradation solutions, which both use the enzymatic process, are recognised by world-renowned institutions such as the Solar Impulse and Ellen MacArthur foundations and have been the subject of major scientific publications in Nature, Chemical Reviews and the Biophysical Journal. The European Investment Bank, the French environment and energy conservation agency (ADEME), Bpifrance and the Grand-Est region also provide top-tier support, for which we thank them. Recognising the unique and innovative nature of our biotechnologies and keen to preserve our planet, major global brands have also decided to commit alongside us: L’Oréal, Nestlé Waters, PepsiCo and Suntory Beverage & Food Europe (Orangina, Schweppes, Oasis) in a packaging consortium and Puma, On, Patagonia, PVH Group (Calvin Klein, Tommy Hilfiger) and Salomon in a textile consortium.

We are both honoured by this enthusiasm and bound by it to forge ahead. Thanks to you and all of your support, we have been able to develop our project; it is now time to take it to a grander scale. We have a clear goal: to build in France the world’s first PET plastic biorecycling plant.

To commission it in 2025, we decided to surround ourselves with organisations that are benchmarks in their field.

Technip Energies, the engineering world leader in energy, chemistry and biosourced industries, will be responsible for the project engineering and monitoring construction, work on which is scheduled to start in the second half of 2023.

Indorama Ventures, the world leader in producing recycled PET for the bottle market, will be our investment partner.

A strategic alliance with Novozymes, the world leader in enzyme production, will handle supplies to the plant, as well as the plants run by our future licence holders, of Carbios-patented enzymes for the deconstruction of PET.

With the aim of financing this plant, extending our R&D to other types of plastics and supporting our licensing strategy, we are launching a capital increase of around €122 million (excluding the extension clause), open to all, in order to involve you in accelerating our development. We are delighted to be able to count on the commitment of our strategic investors, BOLD Business Opportunities for L’Oréal Development, Michelin Ventures, L’Occitane, Copernicus Wealth Management and Truffle Capital. Their involvement reflects their confidence in this project’s success and is a strong indication of their intention to respond to the global emergency of plastic and textile pollution.

If you are already a shareholder, you have a pre-emptive subscription right that entitles you to subscribe as of right for shares equalling the number of shares you hold, as well as for excess shares, at a price of €25.32, amounting to a 37% discount compared to the closing price on 20 June 2023.

Carbios will be considerably transformed by the end of 2025, becoming a commercial company, generating economic and environmental value. We hope that the transaction we are proposing to you today will receive your support, giving you the chance to be an integral part of the success of our uniting project for the future.

Kind regards,”

Emmanuel Ladent, CEO

About us

A global pioneer

Carbios, a biotech company founded in April 2011, develops – with a view to manufacturing engineering – innovative and competitive biological technologies that are a major innovation in plastic and textile life-cycle management. Through its innovative approach combining biotechnology and plastics engineering for the first time, Carbios seeks to respond to consumers’ news societal expectations and the challenges of the ecological transition facing governments and manufacturers by rising to a key challenge of our era: combating plastic and textile waste pollution.

Technologies serving the circular economy

Using its enzymatic recycling (or biorecycling) technology, Carbios provides an industrial response to the recovery of PET (the plastic used in bottles, trays and polyester textiles). This technology converts all types of PET waste into its basic components (monomers), which can then be reused to manufacture new products made from 100% recycled and 100% recyclable PET, with no loss of quality.

The Company has also developed a biological solution for the biodegradation of single-use, food-grade plastic made from PLA (a plant-based plastic). This technology makes it possible to create a new generation of plastics that are fully compostable at ambient temperature by integrating enzymes into the very core of these plastics. This innovation is operated under licence by CARBIOLICE, a wholly-owned subsidiary of Carbios since June 2021.

A development in the manufacturing engineering phase

The Company is now in the manufacturing engineering phase for its PET enzymatic recycling technology, following the launch of an industrial demonstrator in Clermont-Ferrand in September 2021. At the same time, the Company is planning, in partnership with Indorama Ventures, the world leader in producing recycled PET for the bottle market, to begin construction by the end of the year on the world’s first PET enzymatic recycling plant, based in Longlaville. This plant, scheduled for commissioning in 2025, will have the capacity to process around 50,000 tonnes of post-consumption PET waste per year, including waste that is not automatically recyclable, amounting to 2 billion coloured PET bottles or 2.5 billion PET trays.

Why invest in Carbios?

Technological innovations that foster the circular economy

Carbioshas developed two innovative and patented processes based on
the use of enzymes to rethink the life-cycle of plastics and textiles.
- Biorecycling: enzymatic
  depolymerisation of the PET in different plastics and textiles (polyester) making it possible to
  return to the basic components (PTA and MEG) to produce recycled PET equivalent in quality to virgin
  PET and suitable for food contact
  This technology makes it possible to:
  - recycle plastics and textiles in a closed loop
  - recover complex waste not currently recycled
  - protect the environment (depolymerisation without organic solvent,
    greenhouse gas emissions halved compared with virgin PET production)
- Biodegradation: incorporation of
  enzymes during the production of biosourced plastics made from PLA (plant-based plastic) to make
  them 100% biodegradable and compostable at ambient temperature.
  This technology fosters:
  - the achievement of zero waste completely safely for biosourced
    plastics
  - the implementation of a simple, effective and environmentally
    friendly solution for single-use plastic packaging
These two biotechnologies have the Efficient Solution label from the Solar Impulse Foundation.

A strong response to the global emergency posed by plastic pollution

Each year worldwide:

500 billion units ¹ of plastic bottles are manufactured and fewer than 50% are collected to be recycled
Of 460 million tonnes ² of plastic produced:
- 353 million tonnes ³ of plastic waste is generated
- 9 million tonnes ⁴ end up in the seas and oceans
At the current rate, the amount of plastic waste produced worldwide is expected to nearly treble by 2060 ⁵

(1) Source: Citigroup in 2018.
(2) (3) and (5) Source: OECD in 2022.
(4) Source: Expédition 7e continent association in 2015, Jenna Jambeck in 2015 and ADEME in 2012.

An ecosystem of strategic partners committed to the planet

An engineering collaboration with Technip Energies, the engineering world leader in energy, chemicals and biosourced industries
An exclusive long-term partnership with Novozymes, a world leader in enzyme production
A strategic association with Indorama Ventures Indorama Ventures, the world leader in producing recycled PET for the bottle market
Collaborations with global players in beverages, cosmetics and textiles
- A Packaging Consortium with L’Oréal, Nestlé Waters, PepsiCo and Suntory Beverage & Food Europe (Orangina, Schweppes, Oasis)
- A Textile Consortium with On, Patagonia, PUMA, PVH Corp (Calvin Klein and Tommy Hilfiger) and Salomon

A major French industrial achievement by 2025¹

From H2 2023: start of construction on the world’s first PET biorecycling plant in the Grand-Est region in partnership with Indorama Ventures. A total investment of €230m, including €110m in equity and non-convertible loans from Indorama Ventures.
- An estimated processing capacity of 50,000 tonnes of PET waste a year, the equivalent of 2 billion bottles
By 2024: first revenue from granting operating licences for the CARBIOS PET plastic biorecycling technology
In 2025: commissioning of the benchmark facility for PET biorecycling

(1) Estimated dates, subject in particular to the granting of construction and operating permits, environmental authorisations and terms yet to be defined for the collaboration between CARBIOS and Indorama Ventures

A business model driving economic and environmental value creation

The plant will serve to bolster the Company’s business model, which consists of licensing its technology to manufacturers who will then build their own plants. It will also strengthen the Company’s expertise in its industrial and commercial deployment strategy through international licensing. The economic growth model is based on three types of revenue:

Granting licences to use its know-how and intellectual property: the licences granted will generate revenue in upfront, royalty and dividend form
Royalties from the sale of proprietary enzymes to manufacturers utilising the technologies developed by the Company
Royalties from the premium generated by manufacturers from the sale of biorecycled PET

A recycled PET market experiencing strong structural growth (estimated weighted average annual growth of over 80% by 2050), driven by regulatory pressure and consumer aspirations for increasingly responsible consumption

An engaged shareholder base, support from the authorities and an experienced management team to support the industrial and commercial rollout

A top-tier engaged shareholder base: BOLD Business Opportunities for L’Oréal Development, L’Occitane, Michelin Ventures and Copernicus Wealth Management
The backing of the European Commission, the European Investment Bank, Bpifrance, the Grand-Est region and the French environment and energy conservation agency (ADEME)
A management team with extensive industrial and commercial experience internationally

OUR AMBITION :
to become a global leader in the circular economy of plastics and textiles

In video

Raison d’être

Timelapse du démonstrateur industriel

Vidéo 3D de la future usine à Longlaville

In the press (French)

02/06/2023

Le Président Emmanuel Macron soutient Carbios

01/06/2023

BFM Bourse – L’Etat donne un coup de pouce à Carbios pour financer son usine de biorecyclage plastique

15/05/2023

Carbios reconnue comme start-up phare du ‘French Green’ lors du Sommet ‘Choose France’

25/04/2023

Les enzymes de Carbios prêtes à révolutionner le recyclage du plastique

04/04/2023

La startup qui développe des enzymes qui “mangent le plastique”

23/03/2023

Carbios : la conception et le développement de procédés enzymatiques pour repenser la fin de vie des plastiques

22/02/2023

Biorecyclage : l’industriel français Carbios séduit la marque Tommy Hilfiger

20/01/2023

Carbios : un leader mondial du recyclage de plastique au pied des volcans

13/01/2023

Recyclage enzymatique : Carbios et Novozymes renforcent leur partenariat

05/01/2023

Bientôt des revenus de licences chez Carbios

08/07/2022

Recyclage : Carbios, On, Patagonia, Puma et Salomon en partenariat

Timetable of the transaction

22 June 2023

Business day following which individuals registered on an accounting basis will be awarded PSR

23 June 2023

Detachment and award of the PSR and Start of the PSR trading period on Euronext Growth Paris

27 June 2023

Subscription period begins

5 July 2023

PSR trading period ends

7 July 2023

Subscription period ends, PSR not exercised lapse and lose their value

11 July 2023

Date of possible exercise of the Extension Clause by the Company

Circulation of the press release on the outcome of the transaction

13 July 2023

Issuance of the offered shares

Settlement and delivery of the offered shares

Listing of the offered shares on Euronext Growth Paris

The preferential subscription rights may be exercised but are no longer tradable on 6 and 7 July 2023.

Documentation

Press release launching the transaction

Read the press release related to capital increase results

Press release related to capital increase results

Enter your email address to receive the latest updates

We will answer your questions promptly

Write to us at carbios@actifin.fr

The following pages contain information regarding the rights issue of Carbios (the "Rights Issue"). For regulatory reasons, the distribution of the content of this site is restricted. Consequently, please fill out the fields below to access this specific page relating to Carbios' Rights Issue.

Enter the country where you are resident:

Ces informations sont exclusivement destinées aux résidents français qui sont physiquement présents en France. Leur diffusion dans certains pays peut constituer une violation des dispositions légales et réglementaires en vigueur. En particulier, elles ne doivent pas être publiées, transmises ou distribuées, directement ou indirectement, sur le territoire des Etats-Unis d'Amérique, au Canada, en Australie ou au Japon.

Ces informations ne constituent pas une offre de vente ou de souscription, ni une sollicitation d’une offre d’achat ou de souscription d’actions ou autres titres de Carbios aux Etats-Unis d'Amérique, au Canada, en Australie, au Japon ni dans aucun autre pays à l’exception de la France à compter de l'approbation par l’AMF du prospectus préparé par Carbios dans le cadre de son augmentation de capital. Les valeurs mobilières de Carbios mentionnées sur ce site ne peuvent être vendues ou souscrites aux Etats-Unis d'Amérique en l’absence d’un enregistrement de l’offre en vertu du Securities Act de 1933, tel que modifié, ou d’une exemption d’un tel enregistrement. Carbios n’envisage pas d’enregistrer l'offre aux Etats-Unis d'Amérique et n’envisage pas d’effectuer une offre publique de valeurs mobilières aux Etats-Unis d'Amérique.

J’atteste par conséquent que :

(1) je suis actuellement résident en France
(2) je suis actuellement physiquement présent en France
(3) je ne réside pas aux Etats-Unis d'Amérique, au Canada, en Australie ou au Japon et je ne suis pas physiquement présent dans un de ces pays
(4) je m’engage à ne pas transférer, transmettre ou distribuer les documents et informations relatifs à l’Augmentation de Capital dans un pays où la réglementation ne le permettrait pas et, en particulier, aux Etats-Unis d'Amérique

J'ai lu et compris les déclarations qui précédent et atteste qu'elles sont exactes, et je m’engage par les présentes à respecter toutes les conditions mentionnées sur cette page.

This information is not intended for, and shall not be accessible, published, distributed or circulated to persons resident or located in the United States of America (which shall include its territories and possessions), Canada, Japan or Australia, and does not constitute an offer to sell or a solicitation of bids for the purchase or acquisition of shares or other securities of Carbios in the United States of America, Canada, Japan or Australia.

Shares or other securities of Carbios may not be sold in the United States of America unless the offer is registered with the Securities and Exchange Commission under the U.S. Securities Act 1933, as amended, or exemption from such registration is granted. Carbios does not intend to register an offer of its shares or other securities in the United States nor does it intend to make a public offer in the United States.

In France, an offer of securities to the public may only be made pursuant to a prospectus approved by the French Financial Markets Authority (AMF). With respect to the Member States of the European Economic Area (each, a “Relevant Member State”), other than France, no action has been undertaken or will be undertaken to make an offer to the public of the shares requiring a publication of a prospectus in any Relevant Member State. Consequently, the securities cannot be offered and will not be offered in any Member State (other than France), except in accordance with the exemptions set out in Article 1(4) of the Regulation (EU) 2017/1129 of the European Parliament and the Council of 14 June 2017, as amended (the “Prospectus Regulation”), or in the other case which does not require the publication by Carbios of a prospectus pursuant to the Prospectus Regulation and/or applicable regulation in the Member States.

Regarding the United Kingdom, this information is solely addressed to, and intended for, (x) persons located outside the United Kingdom or (y) in the United Kingdom, who are "qualified investors" (as defined in the Prospectus Regulation as it forms part of domestic law under the European Union (Withdrawal) Act 2018), and who are (i) investment professionals within the meaning of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) ("Financial Promotion Order"), (ii) persons referred to in Article 49(2) (a) to (d) (high net worth companies, unincorporated associations, etc.) of the Financial Promotion Order and (iii) any other person to whom an invitation or inducement to engage in investment activity (as defined in section 21 of the Financial Services and Markets Act 2000) may otherwise lawfully be communicated or caused to be comunicated (all such persons mentioned in paragraphs (y)(i), (y)(ii) and (y)(iii) together being referred to as “Authorised Persons”). Securities are intended solely for Authorised Persons and any invitation, offer or agreement to subscribe, purchase or acquire securities mentioned on the website will only be engaged with Authorised Persons. No person other than an Authorised Person may act on the basis of or rely on this website or any information contained therein.

Access to the information and documents contained in the following pages may be illegal in certain countries and only certain categories of persons may be authorised to access this information and these documents. Any person resident in a country other than France, the United States of America, Canada, Japan or Australia who wishes to access the information and documents contained on this website must first satisfy himself that he is not subject to local laws or regulations prohibiting or restricting such right of access or requiring registration or approval of the securities in order to acquire them. No registration or approval has been or will be obtained outside France. Carbios will not accept any liability arising out of the breach by any person of the applicable laws or regulations.

I therefore certify that:

(1) I am not a resident of the United States of America, Canada, Australia or Japan nor am I currently physically present in any one of those countries;
(2) I am neither resident nor currently physically present in any Member State of the European Economic Area, or, if I am, I am a “Qualified Investor” within the meaning of the Prospectus Regulation;
(3) I am not resident in the United Kingdom nor am I currently physically present in the United Kingdom or, if I am, I am an Authorised Person within the meaning of Article 21 of the Financial Services and Markets Act 2000; and
(4) I am authorised to access the information and documents presented on this website without being subject to any legal restriction and without any further action being necessary on the part of Carbios.

I have read and understood the above declarations and certify below that they are accurate, and hereby undertake to comply with all the conditions set forth on this page.

Capital increase

with pre-emptive subscription rights

Transaction details

A word from the CEO

About us

A global pioneer

Technologies serving the circular economy

A development in the manufacturing engineering phase

Why invest in Carbios?

Technological innovations that foster the circular economy

Technological innovations that foster the circular economy

A strong response to the global emergency posed by plastic pollution

A strong response to the global emergency posed by plastic pollution

An ecosystem of strategic partners committed to the planet

An ecosystem of strategic partners committed to the planet

A major French industrial achievement by 20251

A major French industrial achievement by 20251

A business model driving economic and environmental value creation

A business model driving economic and environmental value creation

An engaged shareholder base, support from the authorities and an experienced management team to support the industrial and commercial rollout

An engaged shareholder base, support from the authorities and an experienced management team to support the industrial and commercial rollout

OUR AMBITION :to become a global leader in the circular economy of plastics and textiles

In video

In the press (French)

Timetable of the transaction

Documentation

Press release launching the transaction

Read the press release related to capital increase results

Press release related to capital increase results

Enter your email address to receive the latest updates

We will answer your questions promptly

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PROPRIÉTÉ INTELLECTUELLE

CLAUSE DE NON-RESPONSABILITÉ ET RESPONSABILITÉ

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COOKIES

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Souscription à titre irréductible

Raison d’être

Timelapse du démonstrateur industriel

Vidéo 3D de la future usine à Longlaville

A major French industrial achievement by 2025¹

A major French industrial achievement by 2025¹

OUR AMBITION :
to become a global leader in the circular economy of plastics and textiles