Evergreen Transition: Memorandum of Understanding and Financial Challenges

Transition Evergreen has signed a memorandum of understanding with Zencap to extend and amend their initial agreement. The aim is to streamline its financial structure during its receivership proceedings. A hearing was held on December 15, 2025, and the court order is expected by the end of 2025. These transactions are scheduled to be completed by January 31, 2026.

In parallel, the company is developing a continuation plan to fairly restructure its finances. This process could begin after the initial phase with Zencap. The interim financial statements for the half-year ending June 30, 2025, show a net loss of €14.03 million and a net asset value of -€20.7 million, indicating a precarious financial situation. Trading in the share, suspended since April 2025, could resume after the release of complete financial information.