European CleanTech 1 S.E. / Key word(s): Merger/Merger
11.10.2012 13:43
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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ECT I completes its business combination with Electrawinds NV
Luxembourg, October 11, 2012. Today, European CleanTech I SE ('ECT')
completed its business combination with Electrawinds NV. Following today's
closing of the transaction, ECT holds 94.2% of the shares of Electrawinds
NV ('Electrawinds'), with the remaining 5.8% to be acquired by ECT on
December 31, 2012.
The newly appointed supervisory board of ECT consists of the following six
members: Mr. Willi Mannheims, Buraco NV, with Mr. Paul Vandekerckhove as
permanent representative, Winpar NV, with Mr. Alexandre Vandekerckhove as
permanent representative, Mr. Dirk Dewals, Federale Participatie-en
Investeringsmaatschappij NV, with Mr. Rudi Vander Vennet as permanent
representative and Mercodi BVBA, with Mr. Jo Cornu as permanent
representative. Mercodi BVBA (Mr. Jo Cornu) has been appointed as chairman
of the supervisory board.
The new supervisory board appointed LDS NV, with Mr. Luc Desender as
permanent representative, as chief executive officer (CEO), E.B.F.M. BVBA,
with Mr. Eddy Baeke as permanent representative, as chief financial officer
(CFO), and PDS Consulting, with Mr. Paul Desender as permanent
representative, as legal officer, as new members of the management board.
Immediately following the closing of the share purchase agreement among ECT
and Electrawinds' shareholders for the acquisition of Electrawinds (prior
to cancellation of treasury shares purchased from shareholders who tendered
their shares for redemption by ECT), the former shareholders of ECT hold
approximately 6.9% of the outstanding shares of ECT and the former
shareholders of Electrawinds hold approximately 74.2% of the outstanding
shares of ECT; the remaining approximately 18.9% are held by third party
investors and ECT.
Investors who have validly requested redemption of their ECT public shares
will receive a cash payment of EUR 10.01 per share.
European CleanTech I SE
40, Avenue Monterey
L-2163 Luxembourg
Daniel D. Saxena
d.saxena@ectse.com
Tel: +352 27449878
ISIN LU0538936351 (Public Shares) Regulated Market, Prime Standard,
Frankfurt/Main
ISIN LU0538952044 (Public Warrants) Regulated Market, General Standard,
Frankfurt/Main
11.10.2012 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: European CleanTech 1 S.E.
40, Avenue Monterey
2163 Luxemburg
Grand Duchy of Luxembourg
Phone: +352 27 449878
Fax: +352 27 449879
E-mail: info@ectse.com
Internet: www.ectse.com
ISIN: LU0538936351, LU0538952044
WKN: A1C4HF, A1E016
Listed: Regulierter Markt in Frankfurt (Prime Standard)
End of Announcement DGAP News-Service
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DGAP-Adhoc: European CleanTech I S.E.: ECT I completes its business combination with Electrawinds NV
| Source: EQS Group AG