Trading started today for the Photon Energy Investmentscorporate bond on the Open Market
of the Frankfurt Stock Exchange.Interested investors can subscribe to the bond with an attractivecoupon of
8% and a quarterly payment until January 31st 2014directly through the issuer.
Amsterdam,
12.03.2013 – Trading started today for the8%-corporate bond of Photon Energy Investments N.V., a division
ofglobal solar power solutions and services company, Photon EnergyN.V., in the Open Market segment of the
Frankfurt Stock Exchange.Close Brothers Seydler Bank acts as equity. The bond’s priceremained stable at 100%
of the issuing price. The bond is alsolisted on the stock exchanges in Berlin, Hamburg and
Hannover.Interested investors can also subscribe to the bond directlythrough the issuer until January 31st
2014 by using an online-formon the website www.photonenergyinvestments.comor
through their bank using the ISIN DE000A1HELE2.
„So far we have placed a large
enough share of thesubscription volume to allow us to kick start first projects fromour large project
pipeline”, says Founder and CEOGeorg Hotar . “Given the
challenging market situationwe see the result as evidence of investors trusting our businessmodel and our
strategy to expand our portfolio in future marketssuch as Australia, North America, Romania and Turkey”.
The
proceeds of the issue will be used to expand Photon EnergyInvestments’ international portfolio of PV power
plants incarefully selected future growth markets. The company has plans tocommission new projects as soon
as 2013 to grow its income base. Adetailed global project pipeline of almost 127 MWp is the key tothe
company’s expansion to markets such as Canada, the USA,Australia, Romania and Turkey. The proceeds
substitute the EC-ratiofor financing the construction phase (working capital character).After the plants are
commissioned, the equity capital is flows backand can be used to further the expansion of the portfolio.
PhotonEnergy Investments profits from falling PV technology-prices aswell as growing energy consumption in
target countries.
Photon Energy Investments aims to fulfill high voluntary standardsof
transparency regarding investor relations for its 8% corporatebond. “By setting ourselves high
reporting standards and payinga quarterly coupon we want to show investors that we are operatingin the
reliant sweet spot of the Renewable Energy sector. We areconvinced that bondholders will appreciate this
transparency andthat we will set a benchmark among mid-sized companies,”explains CEO Georg
Hotar.
Photon Energy Investments plans to publish not only audited
yearlyreports but provide investors with regular quarterly financialupdates. In addition bondholders will be
informed on theperformance of the current portfolio of power plants as well as theprogress of the planned
expansion and the status of the projectpipeline in monthly reports. The first monthly report is scheduledto
be released on April 15th together with unaudited financialfigures for 2012.
Facts
and figures:
| Issuer: | Photon
Energy Investments N.V. |
| Planned issue volume: | up
to 40 Mio. EUR |
| Coupon: | 8% annually, with an
equal quarterly payment schedule |
| Placement / Stock exchange
segment: | Public placement in Germany, Austria, Czech Republic, Slovakiaand Poland. /
Secondary market: Open Market |
| Specialist: | Close
Brothers Seydler AG |
| Company rating: | BB-
(Creditreform) |
| Covenants: | Pari passau-Equal
seniority of existing and future unsecuredclaims
No profit distribution to the parent company
during term
Equity ratio must always be at least 25%*
Negative pledge
Change-of-control
clause
Cross Default
No cash pooling with parent or sister company |
| Denomination: | 1.000
EUR / 100% |
| Term / Redemption: | 5 Years / 12th
March 2018 at par |
| WKN / ISIN: | A1HELE /
DE000A1HELE2 |
| Use of proceeds: | As equity
contribution in the acquisition of PV solar powerassets, with priority given to the markets of North America
andAustralia, and secondarily to Romania and Turkey. |
*
Subject to current legal framework requirements. The sum ofinterest-bearing debt capital and equity capital
are used as totalcapital to determine the Equity ratio.
Disclaimer
This
document and the information contained within constitutesneither an offer to sell nor a solicitation to buy
any corporatebonds of Photon Energy Investments N.V., nor any financial orinvestment advice in Germany nor
any other country, particularly ifsuch an offer of solicitation is forbidden or not allowed, and doesnot
substitute the sales prospectus. Potential investors are askedto inform themselves about and respect
possibly existingrestrictions. s. A public offering of partial bonds of PhotonEnergy Investments N.V will
take place solely through and based onthe publication of the sales prospectus and its attachments and
itsfiling with the Federal Financial Supervisory. This prospectus willbe published on
www.photonenergyinvestments.com. The informationpublished in this document may not be distributed outside
Germany,Austria, the Czech Republic, Slovakia and Poland and in particularnot in the USA and to US citizens
(as defined in Regulation S ofthe US Securities Act 1933 (“Securities Act”) in the currentversion), or to
publications which are distributed in the USA,except if a legal obligation exists to distribute
thesepublications outside Germany, Austria, the Czech Republic, Slovakiaand Poland.
MEDIA
CONTACT
Jan Krčmář
T +420 773 032 182
E jan.krcmar@photonenergy.com
ABOUT
PHOTON ENERGY INVESTMENTS
Photon Energy Investments N.V. is an independent producer
ofelectricity from its own portfolio of PV power plants. It is partof the Photon Energy group, a global
solar power solutions andservices company. Photon Energy Investments’ core business is solarpower asset
creation and management, and providing sustainable andlong-term cash flows for shareholders. The portfolio
of PhotonEnergy Investments includes 25 solar power plants in CzechRepublic, Slovakia and Italy with a total
installed capacity of26,7 MWp at the end of 2012. The company is expanding its assetportfolio with new solar
power plants in Europe, Australia andNorth America.
