Herlev, 11 August 2011
Company Announcement No. 25/2011
Greentech Energy Systems A/S completes capital increase of a total of nom. DKK 268,611,735 and issues a total of 53,722,347 new shares of DKK 5 nominal value each at a price of DKK 18.85 per share in connection with a directed offer to GWM Renewable Energy II S.p.A.
In continuation of the publication of a prospectus in relation to Greentech Energy Systems A/S' ("Greentech" or the ”Company”) offering of a total of 53,722,347 new shares of DKK 5 nominal value each at a price of DKK 18.85 to GWM Renewable Energy II S.p.A. ("GWM RE" and the "Offering"), the Board of Directors of the Company has today adopted resolutions on a capital increase of a total of nom. DKK 268,611,735 and issues a total of 53,722,347 new shares of DKK 5 nominal value each to GWM RE pursuant to the authorisation to issue shares granted to the Board of Directors in Section 4a of the Company’s Articles of Association.
GWM RE has subscribed all the offered shares. As payment in kind for the issued shares, and pursuant to a contribution agreement dated 5 May 2011, GWM RE has contributed values of a total of EUR 135,793,472 to the Company, consisting of the entire share capital in the Italian company GWM Renewable Energy S.p.A. and a 50.03% stake in the Spanish company Global Litator S.L.
Reference is made to Company Announcement No. 24/2011 and the prospectus published in connection with the Offering.
Admission to trading and official listing of the issued shares
Admission to trading and official listing of the issued shares on NASDAQ OMX Copenhagen is expected to take place on 15 August 2011 in the existing ISIN code.
GMW RE’s ownership interest after completion of the Offering
At completion of the Offering, GWM RE will obtain an ownership interest of 60.4% of the Company's shares. As a result hereof, GWM RE is required to file a mandatory offer to the other shareholders of the Company.
The Board of Directors
For further information, please contact:
Sigieri Diaz della Vittoria Pallavicini, CEO, tel: +45 33 36 42 02
Peter Høstgaard-Jensen, Chairman of the Board of Directors, tel: +45 40 10 88 71