DGAP-Adhoc: CHORUS Clean Energy AG sets offer price at EUR 9.75 per share

GERMANY


CHORUS Clean Energy AG  / Key word(s): IPO

02.10.2015 16:59

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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THE INFORMATION CONTAINED IN THIS RELEASE IS NOT FOR DISTRIBUTION OR
DISSEMINATION TO OR WITHIN THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA
OR JAPAN.

AD HOC RELEASE ACCORDING TO § 15 WPHG

CHORUS Clean Energy AG sets offer price at EUR 9.75 per share

Neubiberg/Munich, 2 October 2015 - CHORUS Clean Energy AG ("CHORUS" or
"Company") based in Neubiberg near Munich, a company specializing in the
operation of solar and wind power plants, has set the offer price of its
shares in connection with the initial public offering (IPO) at EUR 9.75 per
share.

As part of the offer, a total of 12,157,020 shares were placed. Thereof,
10,256,411 are new shares from a capital increase, 314.911 are existing
shares from the holdings of existing shareholders and 1,585,698 shares are
from a share loan granted by existing shareholders in connection with an
over-allotment, which will be returned with new shares from a further
capital increase if the greenshoe option granted to the underwriting banks
is exercised. Based on the offer price, the total deal size amounts to
around EUR 119 million (if the greenshoe option is fully exercised) and the
market capitalization of CHORUS Clean Energy AG to around EUR 270 million
(pre greenshoe).

The shares of CHORUS Clean Energy AG are expected to be traded on the
regulated market (Prime Standard) of the Frankfurt Stock Exchange from 7
October 2015 under the ISIN DE000A12UL56 and the German securities
identification number (WKN) A12UL5.

Berenberg supports the IPO as Sole Global Coordinator and acts together
with BHF-BANK as Joint Bookrunner.


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Information and Explaination of the Issuer to this News:

About the CHORUS Group 
CHORUS Group was founded in 1998 and operates solar and wind parks in five
European countries. To date, 67 solar and wind parks with an output of more
than 250 megawatts have been realized. For institutional investors, CHORUS
also offers investment opportunities in renewable energy plants. CHORUS
Clean Energy AG covers the entire investment cycle - from sourcing of
assets through financial and legal due diligence to monitoring and
divestiture.

Contact: 
Stephan Castenholz
CHORUS Clean Energy AG
Phone: +49 (0) 89 / 442 30 60 - 0
Fax: +49 (0) 89 / 442 30 60 - 11 
Email: s.castenholz@chorus.de

 
Andreas Friedemann
Kirchhoff Consult AG
Phone: + 49 (0) 40 / 60 91 86 - 50
Fax: + 49 (0) 40 / 60 91 86 - 60 
Email: andreas.friedemann@kirchhoff.de

Disclaimer 

This release is for informational purposes only and does not constitute an
offer to sell or a solicitation of an offer to buy any securities of the
Company. The shares in the Company have already been sold.

This release is not meant for publication in the United States of America
and does not constitute an offer in the United States of America,
Australia, Canada, Japan or any other jurisdiction, which prohibits an
offer of securities. The securities of the Company may not be offered or
sold in the United States absent registration or an exemption from
registration under the U.S. Securities Act of 1933, as amended (the
'Securities Act'). The securities of CHORUS Clean Energy AG have not been,
and will not be, registered under the Securities Act or the laws of any US
federal state and will not be sold or offered for sale in in the United
States.

This release is only directed at persons who (i) are outside the United
Kingdom, or (ii) have professional experience with investments and fall
within the definition of 'investment professionals' under Article 19(5) of
the Financial Services and Markets Act 2000 (Financial Promotion) Order
2005 (as amended) (the 'Order') or (iii) are persons falling within Article
49(2)(a) to (d) of the Order (high net worth companies, unincorporated
associations, etc.) or another exemption under the Order (all such persons
together being referred to as 'Relevant Persons'). All securities referred
to herein are only available for investments by Relevant Persons, and any
offer for sale, or any solicitation of an offer to purchase and any
agreement to sell, purchase or otherwise acquire such securities is only
made towards Relevant Persons. Persons not being Relevant Persons must not
act on or rely on this release or any part thereof.

This release includes statements that are, or may be deemed to be,
'forward-looking statements'. These forward-looking statements reflect the
current views, expectations and assumptions of the Company's management and
are based on information currently available to management. Forward-looking
statements do not encompass a guarantee for the occurrence of future events
and developments and are subject to known and unknown risks and
uncertainties. As a result of various factors, the actual future results of
CHORUS Clean Energy AG and the actual developments relating to CHORUS Clean
Energy AG may therefore materially differ from the expectations and
assumptions mentioned herein. These factors include changes in the general
economic conditions and the competitive situation. Furthermore,
developments on the financial markets and currency fluctuations as well as
changes in national and international laws, in particular in relation to
the promotion of renewable energies, and other factors have an influence on
the future results of operations and developments of the Company. CHORUS
Clean Energy AG disclaims any obligation or undertaking to update or revise
any forward-looking statement contained in this announcement.

02.10.2015 The DGAP 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:      CHORUS Clean Energy AG
              Prof.-Messerschmitt-Straße 3
              85579 Neubiberg / Munich
              Germany
Phone:        +49 (0)89 442 30 60 - 0
Fax:          +49 (0)89 442 30 60 - 11
E-mail:       info@chorus.de
Internet:     www.chorus-gruppe.de
ISIN:         DE000A12UL56
WKN:          A12UL5
Listed:       Regulated Market in Frankfurt (Prime Standard)
 
Notierung vorgesehen / Intended to be listed (Frankfurt, Prime Standard)
 
End of Announcement                             DGAP News-Service
 
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