Haffner Energy Issues 60 OCEANE for 300,000 Euros to Alpha Blue Ocean

On January 5, 2026, Haffner Energy proceeded with the issuance of a third tranche of 60 New and/or Existing Convertible Bonds into Shares for an amount of 300,000 euros, the company indicates. This tranche is characterized by the absence of attached Share Subscription Warrants, the statement specifies. The operation occurs within the framework of a bond loan with a nominal maximum amount of 4.8 million euros over 60 months, subscribed by Hanover Square Investments 1, a subsidiary of the Alpha Blue Ocean group. The OCEANE-BSA Issuance Warrants were issued based on the delegation of authority granted by the Extraordinary General Meeting on September 29, 2025, under the terms of the eleventh resolution, with the suppression of the preferential subscription right of shareholders in favor of categories of persons including investment funds. The company's Board of Directors, during its meeting on October 24, 2025, approved the principle of this issuance and delegated to the CEO all powers to carry it out.

The issuance of these 60 OCEANE could lead to the creation of 1,363,636 new and/or existing shares of the company, according to the press release. This calculation is based on a theoretical conversion price per share equal to 95% of the lowest daily average volume-weighted price of the ordinary share over the 15 consecutive trading days immediately preceding the issuance date. The group specifies that the number of shares actually created following the issuance of an OCEANE tranche is regularly updated in a table published on its website. Based on the equity as of September 30, 2025, the impact of the issuance of new shares on the equity per share would be significant, according to the data provided. The company recalls that it has carried out a capital reduction by offsetting reserves, now setting the nominal value of the share at 0.01 euro.

The press release expressly warns that Hanover Square Investments 1, after receiving the shares resulting from the conversion or exercise of the OCEANE-BSA, does not intend to remain a shareholder of the company. The shares resulting from the conversion or exercise of the aforementioned securities could be sold in the market by the investor shortly after the conversion or exercise, as the case may be, of the OCEANE-BSA, which could create high downward pressure on the share price, the group warns. The company's shareholders could thus suffer a loss of value of their invested capital due to a significant decrease in the value of the share, as well as significant dilution due to the high number of shares issued in favor of HSI 1, the text emphasizes. The company indicates that in the event the Theoretical Conversion Price of the OCEANE is lower than the Conversion Price of a company share, it has committed to pay the investor a Supplementary Commission. The payment of this commission may lead to the issuance by the investor of a new tranche of OCEANE and/or the issuance of shares that will increase the dilution of the company's shareholders.