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    PEN   NL0010391108

PHOTON ENERGY N.V.

(PEN)
SummaryChartsNewsCompanyFinancials 
SummaryMost relevantAll NewsOther languagesPress ReleasesOfficial PublicationsSector news

PRESS RELEASE: Photon Energy NV: Photon Energy Appoints Supervisory Board

12/07/2020 | 04:27am EDT
 
 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. 
 
The DGAP Distribution Services include Regulatory Announcements, 
Financial/Corporate News and Press Releases. 
Archive at www.dgap.de 
1153192 2020-12-07 
 
 
1: https://eqs-cockpit.com/cgi-bin/fncls.ssp?fn=redirect&url=860588701f26bf3a6035e73587085dbd&application_id=1153192&site_id=vwd&application_name=news 
 

(END) Dow Jones Newswires

December 07, 2020 04:26 ET (09:26 GMT)

Stocks mentioned in the article
ChangeLast1st jan.
CANADIAN SOLAR INC. 1.72% 40.71 Delayed Quote.-21.90%
PHOTON ENERGY N.V. -1.96% 7.5 End-of-day quote.-40.94%
PX INDEX 0.32% 1204.44 Real-time Quote.16.89%
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Financials
Sales 2020 28,3 M 33,6 M 33,6 M
Net income 2020 -8,65 M -10,3 M -10,3 M
Net Debt 2020 90,2 M 107 M 107 M
P/E ratio 2020 -76,6x
Yield 2020 -
Capitalization 384 M 99,8 M 457 M
EV / Sales 2019 4,24x
EV / Sales 2020 8,22x
Nbr of Employees 136
Free-Float 14,4%
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Income Statement Evolution
Managers and Directors
Georg Hotar Chief Executive Officer & Director
Clemens Wohlmuth Chief Financial Officer
Marek Skreta Chairman-Supervisory Board
Michael Gartner Chief Technology Officer & Director
Boguslawa Cimoszko Skowro˝ski Independent Member-Supervisory Board
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