Edisun Power Europe AG: Edisun Power successfully completes capital increase

2019

27.11.2019 - Edisun Power Europe AG Edisun Power Europe AG: Edisun Power successfully completes capital increase

Edisun Power Europe AG / Key word(s): Capital Increase
Edisun Power Europe AG: Edisun Power successfully completes capital increase

27-Nov-2019 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

Ad hoc press release
Zurich, November 27, 2019

Edisun Power successfully completes capital increase

On closure of bookbuilding the subscription/placing price was set at CHF
125. Overall, 415'000 new registered shares totaling CHF 51.9 million were
placed with existing and new investors. The successful capital increase
ensures Edisun Power Europe Ltd. has the equity funding to implement its
growth strategy.

Of the up to 415'000 new registered shares to be issued in the ordinary
capital increase, 195'069 were taken up by existing shareholders in the
subscription offer. A further 219'931 new registered shares were placed with
institutional and private investors. In total, 415'000 new registered shares
will be issued in the capital increase. Based on the subscription/placing
price of CHF 125, this is equivalent to a capital increase of CHF 51.9
million. With the net proceeds of CHF 50.1 million, the company will chiefly
realize photovoltaic projects in Portugal with an output of 134 MW.

The first day of trading in the new registered shares on SIX Swiss Exchange
is scheduled for November 28, 2019, with delivery of the new shares against
payment of the subscription/placing price on November 29, 2019.

Bank Vontobel AG acted as lead manager for the capital increase.

For further information
Rainer Isenrich, CEO, [phone], [e-mail]
Reto Simmen, CFO, [phone], [e-mail]

Edisun Power Group
A listed European solar energy producer, the Edisun Power Group finances and
operates solar power installations in a number of European countries. Edisun
Power began its involvement in this sector as far back as 1997. The company
has been listed on the Swiss Stock Exchange since September 2008. Edisun
Power has amassed extensive experience in the realization and acquisition of
both national and international projects. Currently, the company owns a
total of 37 solar energy installations in Switzerland, Germany, Spain,
France and Italy.


Disclaimer
This document is not an offer to sell or a solicitation of offers to
purchase or subscribe for shares. This document is not a prospectus within
the meaning of Article 652a of the Swiss Code of Obligations, nor is it a
listing prospectus as defined in the listing rules of the SIX Swiss Exchange
AG or a prospectus under any other applicable laws. Copies of this document
may not be sent to jurisdictions, or distributed in or sent from
jurisdictions, in which this is barred or prohibited by law. The information
contained herein shall not constitute an offer to sell or the solicitation
of an offer to buy, in any jurisdiction in which such offer or solicitation
would be unlawful prior to registration, exemption from registration or
qualification under the securities laws of any jurisdiction. A decision to
invest in securities of Edisun Power Europe AG (the 'Company') should be
based exclusively on the issue and listing prospectus to be published by the
Company for such purpose.

This document and the information contained herein are for information
purposes only and do not constitute a prospectus or an offer to sell, or a
solicitation of an offer to buy, any securities in the United States. Any
securities referred to herein 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 absent registration or pursuant
to an available exemption from registration under the Securities Act.

The information contained herein does not constitute an offer of securities
to the public in the United Kingdom. No prospectus offering securities to
the public will be published in the United Kingdom. This document is being
communicated only to (i) persons who are outside the U.K.; (ii) persons who
have professional experience in matters relating to investments falling
within article 19(5) of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005 (as amended) (the 'Order') or (iii) high
net worth companies, unincorporated associations and other bodies who fall
within article 49(2)(a) to (d) of the Order (all such persons together being
referred to as 'Relevant Persons'). Any person who is not a Relevant Person
must not act or rely on this communication or any of its contents. Any
investment or investment activity to which this communication relates is
available only to Relevant Persons and will be engaged in only with Relevant
Persons. This document should not be published, reproduced, distributed or
otherwise made available, in whole or in part, to any other person without
the prior consent of the Company.

Any offer of securities to the public that may be deemed to be made pursuant
to this communication in any member state of the European Economic Area
(each an 'EEA Member State') that has implemented Directive 2003/71/EC
(together with the 2010 PD Amending Directive 2010/73/EU, including any
applicable implementing measures in any Member State, the 'Prospectus
Directive') is only addressed to qualified investors in that Member State
within the meaning of the Prospectus Directive.

This document contains forward-looking statements. These statements are
based on the current views, expectations, assumptions and information of the
management of the Company. Forward-looking statements should not be
construed as a promise of future results and developments and involve known
and unknown risks and uncertainties. Actual results, performance or events
may differ materially from those described in such statements due to a
number of factors. The Company does not assume any obligations to update any
forward-looking statements.


---------------------------------------------------------------------------

End of ad hoc announcement

---------------------------------------------------------------------------