Photon Energy N : Receives Prospectus Approval for Listing on Regulated Markets of the Warsaw and Prague Stock Exchanges

Photon Energy N.V. (WSE, PSE: PEN, the 'Company') is pleased to announce that on 14 December 2020 the Netherlands Authority of the Financial Markets (Stichting Autoriteit Financiële Markten, the AFM) approved the Company's prospectus, prepared in connection with the admission to listing and trading of all the Company's shares on the regulated markets of the Warsaw and Prague Stock Exchanges (the 'Prospectus'), thus allowing for the change of the markets on which the shares are currently listed (i.e. NewConnet in Poland and Free Market in the Czech Republic).

The Company intends to apply for the admission of shares to the above-mentioned regulated markets without undue delay and is expecting the introduction of its shares to the regulated markets in early January 2021. The listings will not involve any issuance of new shares. All shares will be traded under the present ticker symbol 'PEN' and ISIN code NL0010391108.

'The approval of the Prospectus by AFM to be followed shortly by our debut on the main markets of the Warsaw and Prague stock exchanges is a key milestone coinciding with our entry into the Polish solar market. Moving to the regulated markets will help to stimulate liquidity and diversify our investor base by providing the opportunity to invest in our shares to institutional investors. We will also be more likely to gain the notice of retail investors. Active and regular communication with the capital market remains a priority for us, while our recent corporate governance changes are intended to provide additional confidence to our minority shareholders,' comments Georg Hotar, CEO Photon Energy.

On 4 December, Photon Energy appointed an independent supervisory board and audit committee for a four-year term in line with best practices of companies listed on regulated markets.

'Poland is a strategic market for us due to its above-average growth prospects, one of the largest in Europe. Photovoltaics are gaining increasing importance while the share of renewable energy sources in the entire energy mix is still relatively low. Moving to the main market is an essential link in improving our access to capital and providing a platform for investors to participate in the transition to renewable energy. With a track record of 12 years' experience in the sector, we are excited to continue on the trajectory of dynamic growth both within the renewables industry and as a company,' added Georg Hotar.

The Prospectus is available on the Company's website.

DISCLAIMER

This announcement does not constitute the Prospectus or prospectus equivalent document. Nothing in this announcement constitutes or form part of and should not be construed as an offer to sell, or the solicitation or invitation of any offer to buy or subscribe for or underwrite or otherwise acquire, any securities of the Company or any member of its group ('Group'), nor should it or any part of it form the basis of, or be relied on in connection with, any contract to purchase or subscribe for any securities of the Company or any member of its Group, nor shall it or any part of it form the basis of or be relied on in connection with any contract or commitment whatsoever, in any jurisdiction, including the United States, in which such offer, solicitation or sale is not permitted. The Company's shares have not been registered under the U.S. Securities Act of 1933, as amended ('U.S. Securities Act'), and may not be offered or sold in the United States absent registration under the U.S. Securities Act or an applicable exemption from the registration requirements of the U.S. Securities Act.

Download this press release as a pdf.

MEDIA CONTACT

Martin Kysly
Photon Energy
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