Tion Renewables AG - Capital/Financing Update 2020

News Details

Ad-hoc | 1 December 2020 20:54

Pacifico Renewables Yield AG: Pacifico Renewables Yield AG successfully implements the previously announced capital increase

Pacifico Renewables Yield AG / Key word(s): Capital Increase/Corporate Action

Pacifico Renewables Yield AG: Pacifico Renewables Yield AG successfully implements the previously announced capital increase

01-Dec-2020 / 20:54 CET/CEST

Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP – a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

Pacifico Renewables Yield AG (the “Company”, ISIN: DE000A2YN371, Dusseldorf Stock Exchange: PRY) has successfully placed a total of 1.379.311 new shares through a rights issue. During the subscription period from November 17, 2020 through November 30, 2020, existing shareholders subscribed for 1,015,329 new shares of the Company at a subscription price of EUR 29.00. In addition, 363,982 unsubscribed new shares were successfully placed by way of a private placement to institutional investors today, which was multiple times oversubscribed, leading to a final price of EUR 31.00 for the rump placement. Accordingly, today, the management board of the Company, with the consent of the supervisory board, resolved to issue 1,379,311 new shares to implement the previously announced capital increase. The Company will thus receive gross proceeds from the capital increase in the total amount of EUR 40.7 million.

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Disclaimer

This announcement may not be published, distributed or transmitted, directly or indirectly, in the United States of America (including its territories and possessions), Canada, Japan or Australia or any other jurisdiction where such announcement could be unlawful. The distribution of this announcement may be restricted by law in certain jurisdictions and persons who are in possession of this document or other information referred to herein should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

This announcement does not constitute an offer of, or a solicitation of an offer to purchase, securities of Pacifico Renewables Yield AG or of any of its subsidiaries. The shares have already been sold.

This press release may contain certain forward-looking statements, estimates, opinions, and forecasts concerning the future business situation, earnings situation, and results of Pacifico Renewables Yield AG (“forward-looking statements”). Forward-looking statements can be identified by words such as “believe”, “estimate”, “anticipate”, “expect”, “intend”, “will”, or “should” and their negation and similar variations or comparable terminology. Forward-looking statements include all matters that are not historical facts. Forward-looking statements are based on the current opinions, forecasts and assumptions of the Management Board of Pacifico Renewables Yield AG and involve significant known and unknown risks and uncertainties, therefore actual results, performance and events may differ materially from those expressed or implied by forward-looking statements. Forward-looking statements contained herein should not be construed as guarantees of future performance or results and are not necessarily reliable indicators of whether or not such results will be achieved. The forward-looking statements contained in this release are only valid on the date of this publication. We will not update the information, forward-looking statements or conclusions contained in this release in light of subsequent events or circumstances, nor will we reflect subsequent events or circumstances or correct inaccuracies that arise after the date of this release as a result of new information, future developments or otherwise, and we do not assume any obligation to do so. We do not assume any responsibility whatsoever that the forward-looking statements or assumptions contained herein will occur.

01-Dec-2020 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

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Language:	English
Company:	Pacifico Renewables Yield AG
	Bavariafilmplatz 7, Gebäude 49
	82031 Grünwald
	Germany
ISIN:	DE000A2YN371
WKN:	A2YN37
Listed:	Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt, Munich
EQS News ID:	1152065