Photon Energy N.V. (WSE: PEN, ISIN NL-001039110-8, the'Group') announces that it has successfully increased its7.75% corporate bond 2017/2022 (DE-000A19MFH-4) by EUR 5.4 millionto EUR 43.0 million, corresponding to 14% of the outstandingprevious bond volume.
The new notes were placed at 100% (plus accrued interest) in aprivate placement with institutional investors throughout Europe.The transaction was managed by Bankhaus ScheichWertpapierspezialist AG, Frankfurt am Main, as sole globalcoordinator.
The successful increase will enable the Group to pursue highlyattractive market opportunities. The Group intends to use the netproceeds to finance the construction of power plants in Hungary andAustralia for its own PV portfolio as well as to strengthen itsfinancial standing.
The new notes will be included in trading on the Open Market ofthe Frankfurt Stock Exchange under the existing ISINshortly.
DISCLAIMER
This announcement is for informational purposes only anddoes not constitute an offer to buy, sell, exchange or transfer anysecurities, or the solicitation of an offer to buy any securitiesof Photon Energy N.V. in the United States of America or any otherjurisdiction. There will be no public offering of securities ofPhoton Energy N.V. The securities of Photon Energy N.V. referred toherein have not been and will not be registered under the U.S.Securities Act of 1933, as amended (the "Securities Act")and may not be offered or sold in the United States absentregistration under the Securities Act. Neither Photon Energy N.V.nor any other party to the transaction described herein intends toregister the securities described herein under the Securities Actor with any securities regulatory authority of any state or otherjurisdiction in the United States of America in connection withthis announcement. The securities may not be offered in anyjurisdiction in any circumstances which require the preparation orregistration of a prospectus or offer document relating to thesecurities in that jurisdiction.
In the United Kingdom, such information may be distributedonly and is directed only at (i) professional investors within themeaning of Article 19(5) of the Financial Services and Markets Act2000 (Financial Promotion) Order 2005, as amended (the"Order"), or (ii) high net worth companies falling withinArticle 49(2)(a) to (d) of the Order (all such persons togetherbeing referred to herein as "Relevant Persons"). Thesecurities are available only to Relevant Persons and anyinvitation, offer or agreement to subscribe for, purchase orotherwise acquire such securities will be engaged in only withRelevant Persons. Any person who is not a Relevant Person shouldnot act or rely on this announcement or its contents.
Subject to certain exceptions under the Securities Act, thesecurities referred to in this announcement may not be offered orsold in Australia, Canada or Japan, or to or for the account ofpersons resident in Australia, Canada or Japan.
Neither Photon Energy N.V. nor any of its affiliates hastaken any action that would permit a public offering of thesecurities or the possession or distribution of this announcementor any other offer or solicitation in connection with thesecurities in any jurisdiction where such action is required. InMember States of the European Economic Area ("EEA"), thisannouncement and any subsequent offer is directed only at personswho are "qualified investors" within the meaning ofArticle 2(e) of Regulation (EU) 2017/1129 ("QualifiedInvestors"). Any person in the Relevant Member States whoacquires or is offered securities (an "Investor") inconnection with an Offer is deemed to have represented and agreedto be a Qualified Investor. Each investor is further assumed tohave represented and agreed that the securities it has acquiredunder the Offer will not be acquired for persons in the EEA otherthan Qualified Investors or persons in the United Kingdom or otherMember States (having similar laws) for whom the investor has thediscretion to make decisions and that the securities have not beenacquired for offering or resale in the EEA if this would result inPhoton Energy N.V. or any of its affiliates being required topublish a prospectus pursuant to Article 3 of Regulation (EU)2017/1129.
This announcement contains forward-looking statements thatare subject to certain risks and uncertainties. Future resultscould differ materially from those described in theseforward-looking statements due to various factors, includingchanges in business, economic and competitive conditions, foreignexchange rate fluctuations, uncertainties in litigation orinvestigative proceedings and the availability of financing. PhotonEnergy N.V. assumes no responsibility to update any forward-lookingstatements contained in this release.
MEDIA CONTACT
Martin Kysly
Photon Energy
T +420 774 810 670
E martin.kysly@photonenergy.com
