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M&A Activity • Apr 29, 2009

News Details

Ad-hoc | 29 April 2009 15:26

COLEXON Energy AG: 66.46 % of Renewagy’s Shareholders have committed to accept COLEXON’s takeover offer

COLEXON Energy AG / Acquisition/Offer

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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Hamburg, April 29, 2009: Following the announcement of COLEXON Energy AG to
launch a recommended, voluntary conditional takeover offer to the
shareholders of Renewagy A/S for all outstanding shares in Renewagy A/S,
shareholders representing 66.46 % of the share capital in Renewagy A/S have
signed the irrevocable undertaking to accept the takeover offer prior to
the annual general meeting on 30 April 2009 and prior to the publication of
the offer document.

On April 15, 2009 COLEXON Energy AG, Hamburg (ISIN: DE0005250708),
announced that it has decided to submit a recommended, voluntary
conditional takeover offer to the shareholders of Renewagy A/S (ISIN:
DK0060111367) for all outstanding shares in Renewagy A/S subject to the
relevant Danish legislation. COLEXON Energy AG furthermore announced that
they have received irrevocable undertakings to accept the takeover offer
from shareholders representing 27,005,835 shares in Renewagy A/S,
equivalent to approximately 38.88 % of the total outstanding shares in
Renewagy A/S.

Since the announcement, there has been great interest in the takeover offer
and COLEXON Energy AG has now received additional irrevocable undertakings
to accept the takeover offer, whereby COLEXON Energy AG prior to the annual
general meeting in Renewagy A/S on 30 April 2009 has received irrevocable
undertakings from shareholders in Renewagy A/S representing 66.46 % of the
share capital of Renewagy A/S. The takeover offer is expected to be
published in calendar week 20 and will, i.a., be subject to acceptance by
shareholders of Renewagy A/S for an aggregate of shares in Renewagy A/S
which represents a sharing in Renewagy A/S' total outstanding share capital
of more than two thirds.

The irrevocable undertakings will cease to be binding in the event of an
offer of a third party for the entire issued ordinary share capital of
Renewagy A/S that, on the date of its announcement, exceeds the value of
the consideration under the present offer by more than 10 %.

The offer document will be published on COLEXON Energy AG's website. In
addition, the offer document will be available for download on the newly
established combined website regarding the combination of the companies
(www.colexon-renewagy.com).

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Information and Explaination of the Issuer to this News:

About COLEXON Energy AG
The international COLEXON group is one of the leading
manufacturer-independent system integrators in the photovoltaic sector. The
company designs and installs turnkey photovoltaic plants for institutional
and private investors in Germany and abroad. COLEXON is specialized in the
realization of return optimized and large scale photovoltaic projects (from
100 kWp onwards). The target groups of COLEXON are institutional investors
as well as agricultural, industrial and public building owners. COLEXON
Energy AG is listed in the Prime Standard segment of the Frankfurt Stock
Exchange.

About Renewagy A/S
The Danish company Renewagy A/S is one of the leading operators of solar
power plants. The company is an Independent Power Producer ('IPP'),
specialized in the identification and investment as well as in the
operation of cost optimized solar power plants. At the end of 2008,
Renewagy operated solar power plants with an accumulated installed rated
module power of 43.7 MWp. In the calendar year 2008, six solar power plants
were in operation and five were in development in the Federal Republic of
Germany. Renewagy is a long-standing business partner of the COLEXON Group
and holds 19.43 % of the share capital of COLEXON Energy AG. According to
the voting rights announcement published on December 19, 2008, Renewagy has
increased its voting rights in accordance with § 22 para.1 sent.1 no. 6
German Securities Trading Act (Wertpapierhandelsgesetz, WpHG) by 6.70 % to
26.13 %. Renewagy A/S is listed in the Small Cap segment on NASDAQ OMX
Copenhagen A/S and operates out of Virum, Denmark.

Contact COLEXON
Jan Hutterer
COLEXON Energy AG
Grosse Elbstrasse 45
22767 Hamburg
Germany
Tel. +49 (0)40. 28 00 31-100
Fax: +49 (0)40. 28 00 31-101
E-mail: ir@colexon.de
www.colexon.com

COLEXON Energy AG
ISIN: DE0005250708
WKN: 525070
Prime Standard, Regulated Market Frankfurt

29.04.2009 Financial News transmitted by DGAP

Language: English
Issuer: COLEXON Energy AG
Große Elbstraße 45
22767 Hamburg
Deutschland
Phone: +49(0)40 280031-0
Fax: +49(0)40 280031-101
E-mail: k.friedrich@colexon.de
Internet: www.colexon.de
ISIN: DE0005250708
WKN: 525070
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Stuttgart, München, Düsseldorf

End of News DGAP News-Service

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