Photon Energy (WSE: PEN, ISIN NL-001039110-8, the'Company') announces that it has submitted the prospectusto the Dutch financial market regulator (AFM) in order to move the listing of its shares from NewConnect to the regulated marketof the Warsaw Stock Exchange. The company also intends to enter themain trading floor in the Czech Republic, the Prague StockExchange, transitioning from the Free Market.
At a later stage, the Company also intends to list its shares onthe Quotation Board of the Frankfurt Stock Exchange, which willallow investors in the eurozone to buy the Company's shareswithout currency risk. Changing markets will not involve anyoffering of new or existing shares.
‘Thanks to our consistently implemented strategy of developingan integrated business model to develop, build, own and maintainphotovoltaic power plants and expanding our potential in Europe andAustralia, we can take another important step in the growth of ourcompany. It’s a natural step, given the promising outlook of thephotovoltaic market in Poland, which occupies an important place inour future plans for continued expansion. Moving to the mainmarkets will enable institutional investors to invest in our sharesand will contribute to improving our liquidity. Invariably,minority investors will remain important to us. Presence on thefinancial market is of strategic importance to our company, whichis why we will continue to engage in open and proactivecommunication,’ says Georg Hotar, CEO of Photon Energy.
The prospectus, upon approval by AFM, will be made public andavailable on Photon Energy’s website. The Company has secured fundsto enable continuing growth.
Due to the continuous growth of the Company’s proprietaryportfolio of PV power plants and outstanding electricitygeneration, the EPC business in Australia and O&M services inEurope, revenues went up by 26.6% YOY to EUR 5.316 million in Q12020, while EBITDA increased by 28.9% to EUR 1.391 million. TheManagement Board of Photon Energy will strive to maintain thispositive trend in coming quarters.
DISCLAIMER
This announcement does not constitute a prospectus, nor aprospectus-equivalent document. Nothing in this announcementconstitutes or forms part of and should not be construed as anoffer to sell, or the solicitation or invitation of any offer tobuy or subscribe for or underwrite or otherwise acquire, anysecurities of the Company or any member of its group (‘Group’), norshould it or any part of it form the basis of, or be relied on inconnection with, any contract to purchase or subscribe for anysecurities of the Company or any member of its Group, nor shall itor any part of it form the basis of or be relied on in connectionwith any contract or commitment whatsoever, in any jurisdiction,including the United States, in which such offer, solicitation orsale is not permitted. The Company’s shares have not beenregistered under the U.S. Securities Act of 1933, as amended (‘U.S.Securities Act’), and may not be offered or sold in the UnitedStates absent registration under the U.S. Securities Act or anapplicable exemption from the registration requirements of the U.S.Securities Act.
MEDIA CONTACT
Martin Kysly
Photon Energy
T +420 774 810 670
E martin.kysly@photonenergy.com
