Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Switzerland
  4. Swiss Exchange
  5. Edisun Power Europe AG
  6. News
  7. Summary
    ESUN   CH0024736404

EDISUN POWER EUROPE AG

(ESUN)
  Report
SummaryQuotesChartsNewsCalendarCompanyFinancials 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

Edisun Power Europe : Extraordinary general meeting to be convened in light of a capital increase

10/17/2019 | 11:40am EDT

EQS Group-Ad-hoc: Edisun Power Europe AG / Key word(s): AGMEGM
Extraordinary general meeting to be convened in light of a capital increase

17-Oct-2019 / 17:30 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, October 17, 2019

Extraordinary general meeting to be convened in light of a capital increase

As mentioned when the half-year result was announced, Edisun Power intends to realize three further photovoltaic systems with an output of 134 MW in Portugal, thus accelerating the Group's growth. The corresponding project rights and production licenses have already been secured. The systems are scheduled to be connected to the grid in the first half of 2021.

In order to finance these projects, the Board of Directors decided on October 17, 2019 to convene an extraordinary general meeting on November 12, 2019. It will be asked to approve an ordinary capital increase which is to be implemented in the form of subscription rights for existing shareholders and a free placement of the shares not subscribed.

In this context, a maximum of 475'000 new shares are to be issued, resulting in an increase in the current nominal share capital of CHF 18'624'630 to a maximum of CHF 32'874'630. The inflow of funds will mainly serve to finance the three Portuguese projects.

From today's perspective, the Board of Directors assumes that the issue price of the new shares will probably range from CHF 125 to 140. It bases its assumption on assurances provided by current major shareholders and concrete declarations of intent on a substantial scale which have been issued by third-party investors.

Due to the positive environment for investing in renewable energies, the transaction is to be executed shortly after the extraordinary general meeting. The further purchase and subscription conditions will probably be announced the morning before the extraordinary general meeting.

For further information
Rainer Isenrich, CEO, +41 44 266 61 21, info@edisunpower.com
Reto Simmen, CFO, +41 44 266 61 29, info@edisunpower.com


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.



End of ad hoc announcement
Language: English
Company: Edisun Power Europe AG
Universitätsstrasse 51
8006 Zürich
Switzerland
Phone: +41 44 266 61 20
Fax: +41 44 266 61 22
E-mail: info@edisunpower.com
Internet: www.edisunpower.com
ISIN: CH0024736404
Valor: A0KFH3
Listed: SIX Swiss Exchange
EQS News ID: 892109

 
End of Announcement EQS Group News Service

892109  17-Oct-2019 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=892109&application_name=news&site_id=zonebourse

ę EQS 2019
All news about EDISUN POWER EUROPE AG
04/28EDISUN POWER EUROPEá : CFO to Exit by October-End
MT
04/28EDISUN POWER EUROPEá : Change in the Executive Board of the EdisunáPower Group
PU
04/28EQS-ADHOC : Edisun Power Europe AG: Changement au sein de la direction d'Edisun ..
DJ
04/28EDISUN POWER EUROPE AG : Change in the Executive Board of the Edisun Power Group
EQ
04/28EDISUN POWER EUROPE AG : Ex-dividend day for Distribution from share premium acc..
FA
04/23EQS-ADHOC : Edisun Power Europe AG: L'assemblée générale approuve toutes les pro..
DJ
04/23EQS-ADHOCá : Edisun Power Europe AG: Annual General Meeting approves all proposa..
DJ
04/23EDISUN POWER EUROPE AG : Annual General Meeting approves all proposals
EQ
04/23EDISUN POWER EUROPEá : Annual General Meeting approves all proposals
PU
04/14EDISUN POWER EUROPEá : Wins Regulatory Approval For 49.4-MW Solar Plant In Portu..
MT
More news
Financials
Sales 2020 11,7 M 13,1 M 13,1 M
Net income 2020 3,29 M 3,67 M 3,67 M
Net Debt 2020 81,7 M 91,0 M 91,0 M
P/E ratio 2020 36,5x
Yield 2020 0,95%
Capitalization 119 M 132 M 133 M
EV / Sales 2019 14,3x
EV / Sales 2020 17,2x
Nbr of Employees 13
Free-Float 42,3%
Chart EDISUN POWER EUROPE AG
Duration : Period :
Edisun Power Europe AG Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends EDISUN POWER EUROPE AG
Short TermMid-TermLong Term
TrendsBearishBearishBullish
Income Statement Evolution
Managers and Directors
NameTitle
Rainer Isenrich Chairman & Chief Executive Officer
Reto Simmen Chief Financial Officer & Secretary
Fulvio Micheletti Vice Chairman
Reto Klotz Director
JosÚ Luis Chorro Lˇpez Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
EDISUN POWER EUROPE AG-0.86%132
NEXTERA ENERGY-4.74%144 147
ENEL S.P.A.-3.07%98 622
IBERDROLA, S.A.-8.59%81 918
DUKE ENERGY CORPORATION11.33%78 406
SOUTHERN COMPANY3.99%67 594