DGAP-News: Photon Energy NV / Key word(s): Miscellaneous
Photon Energy NV: Photon Energy Appoints Supervisory Board
2020-12-07 / 10:26
The issuer is solely responsible for the content of this announcement.
*Photon Energy Appoints Supervisory Board*
*- *_Mrs. Boguslawa Skowronski and Mr. Marek Skreta were appointed as
supervisory board and audit committee for Photon Energy by the general
meeting on 4 December 2020_
_- The changes to its corporate governance are a part of Photon Energy's
preparations for its upcoming listing on the regulated (parallel) market of
the Warsaw Stock Exchange and the standard market of the Prague Stock
Exchange_
_- The appointment of the supervisory board and audit committee will ensure
that the Company complies with the best practises for the public companies
listed on regulated markets _
*Amsterdam *- *7 December 2020* - Photon Energy N.V. (WSE: PEN, the 'Group'
or the 'Company') announces that it has established a two-tier board
structure comprised of the existing managment board and a new supervisory
board and audit committee, appointed at the extraordinary general meeting
held on 4 December 2020.
The supervisory board and audit committee is comprised of two members, Mrs.
Boguslawa Skowronski and Mr. Marek Skreta, appointed for a four-year term of
office. The supervisory board members meet the independence criteria set in
respective EU regulations.
'We are pleased that both supervisory board members not only possess
extensive experience as entrepreneurs and executives at international
institutions, but also know Photon Energy and its end-markets extremely
well. This is obviously of enormous value and we are confident it will
ensure the continued growth of Photon Energy. The team and I are really
looking forward to working with Boguslawa and Marek,' commented *Georg
Hotar, CEO of Photon Energy*.
These changes to the corporate structure of Photon Energy are related to the
preparations of the Company to transfer its share listings from the
alternative _NewConnect_ and _Free Market_ to the regulated (parallel)
market of the Warsaw Stock Exchange and standard market of the Prague Stock
Exchange.
The Company has implemented these changes in order to be in full compliance
with the laws and regulations imposed on public companies as well as the
best practises of the regulated markets.
*ABOUT PHOTON ENERGY*
Photon Energy N.V. is a global solar energy solutions and services company
covering the entire lifecycle of solar energy systems. Since its foundation
in 2008, Photon Energy has built and commissioned over 100 MWp of solar
power plants across two continents and 74.7 MWp as part of our own
portfolio. It is currently developing projects with 594.6 MWp in Australia
(580 MWp in partnership with Canadian Solar), 41.8 MWp in Hungary, 4.6 MWp
in Poland and 87.0 MWp in Romania, and provides operations and maintenance
services for over 300 MWp worldwide. In addition to that, the company is at
an advanced stage of building two utility-scale PV power plants with a
combined capacity of 14 MWp in Leeton, Australia. In addition to that, the
Group's water treatment subsidiary Photon Water focuses on developing and
providing clean water and remediation solutions and services around the
world. Photon Energy is headquartered in Amsterdam and listed at the Warsaw,
Prague and Munich Stock Exchanges. The company has offices in Europe,
Australia, and South America. For more information visit our website
www.photonenergy.com [1].
*MEDIA CONTACT*
Martin Kysly
Photon Energy
T +420 774 810 670
E martin.kysly@photonenergy.com
2020-12-07 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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1153192 2020-12-07
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(END) Dow Jones Newswires
December 07, 2020 04:26 ET (09:26 GMT)