Theolia - renewable Stromproduzent - 500 Beiträge pro Seite

[R-BgO]

hauptsächlich Wind, etwas Müllverbrennung, Solar, etc.

machen gerade 'ne Umschuldung;

buchmäßig billig

[Kaschmirkanzler]

Antwort auf Beitrag Nr.: 39.769.568 von R-BgO am 02.07.10 14:15:46

nennen wir es besser Restrukturierung!

[BerndC]

Bin heute mal mit einer kleinen Position eingestiegen.

Da die meisten Windradhersteller tritz steigender Umsätze nicht mehr Gewinne machen, müssten die Windkraftbetreiber eigentlich davon profitieren.

[BerndC]

Antwort auf Beitrag Nr.: 39.825.751 von BerndC am 15.07.10 14:21:50

First quarter 2010 revenue by activity - Excluding Environment activities

(in € thousands)
Wind activities
Sale of electricity for own account
Q1 2010 12,989
Q1 2009 15,667
Change -17%

Development, construction, sale
Q1 2010 6,705
Q1 2009 51,904
Change -87%

Operation
Q1 2010 11,101
Q1 2009 10,365
Change -17% -87% +7% -35% -60%


Non-wind activity
Q1 2010 198
Q1 2009 307
Change -35%

Consolidated total
Q1 2010 30,994
Q1 2009 78,242
Change -60%

Der Einbruch insbesondere bei
Development, construction, sale
sticht hervor und ist mMn der Finanzkrise anzulasten.

Das kann nur besser werden.

[R-BgO]

Aix en Provence, July 20, 2010


NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA or in any other jurisdiction in which such a release, publication or distribution would be unlawful


THEOLIA successfully completes its capital increase

Following its fully subscribed capital increase through a rights offering, THEOLIA has issued today issued 60,463,059 new shares.

These 60,463,059 new THEOLIA ordinary shares were subscribed at a price of 1 euro per share, of which 49,555,218 on an irreducible basis (“à titre irréductible”) and 10,907,841 on a reducible basis (“à titre réductible”), in the context of the subscription period for the capital increase that ended on July 7, 2010. As a result, the conditional subscription commitments by the two guarantors, Boussard & Gavaudan Asset Management L.P. and Stiching Pensioenfonds ABP, were not implemented.

The settlement, delivery as well as the listing of the new shares on Euronext Paris (code ISIN: FR0000184814) occurred today July 20, 2010. The new shares are fungible with the existing shares. Following this transaction and before conversion of OCEANEs (convertible bonds), THEOLIA’s capital now comprises 100,771,766 shares.

Reminder of changes in terms of the OCEANEs (convertible bonds)

As previously announced the changes in the terms of the OCEANEs approved by THEOLIA’s bondholders’ general meeting on February 18, 2010 and by the shareholders’ meeting on March 19, 2010 became effective today upon settlement of the capital increase. Only the change in the ratio for conversion of the OCEANEs into shares will become effective on July 21, 2010.

In particular, the new terms of the OCEANEs dependant on the amount of the capital increase will be the following:

* the amount of the partial early reimbursement of the OCEANEs will amount to 1.77 euros per OCEANE (plus 0.02 euro of interest due), or 20.4 million euros in all (plus 230,769 euros of interest due), noting that this reimbursement will be made by the intermediary of Société Générale, paying agent for the OCEANEs, on July 22, 2010;
* the buyback price of the OCEANEs as of January 1, 2015 will be 15.29 euros per bond, which represents 176,423,084 euros in the event that all bondholders exercise their buyback options; and
* the new ratio for conversion to shares (number of shares allowed for each OCEANE upon conversion or exchange) is set at 8.64 until the 7th business day preceding December 31, 2013, specifying that as indicated below this new conversion ratio for the OCEANEs will become effective on July 21, 2010.

The suspension of the right of share allocation linked to the OCEANEs (which was effective since May 24, 2010) has terminated today and the right to access shares will thus be able to be exercised by the convertible bondholders from July 21, 2010, on the basis of the new ratio of share attribution.

Bondholders should be aware that if they request conversion or exchange of their OCEANEs for shares on July 21, 2010, they will not be able to receive the partial reimbursement amount of 1.77 euros per OCEANE (plus 0.02 euro of interest due), which will be paid out to holders of OCEANEs on July 22, 2010 on the basis of securities held on July 21, 2010 at the close of the market.

[R-BgO]

Kurs erholt sich massiv...

[R-BgO]

klingt nicht gut...:
http://www.theolia.com/lang-en/media-center/news.html?&actpa…

[R-BgO]

interessant; warum konvertieren die?:

Conversion of 1,594,951 OCEANEs in June 2011 (2011/07/08 07:00 AM)
Pursuant to articles L 233-8 of the French Commercial Code and 223-16 of the General Regulation of the French Financial Markets Authority (AMF – Autorité des Marchés Financiers)

Listing market: Euronext Paris

Compartment: Eurolist C

ISIN code: FR0000184814



Date Total number of shares Number of voting rights
June 30, 2011 127,418,347 Total number of voting rights: 128,698,663
Real number of voting rights*: 128,579,207
* Real number of voting rights = total number of voting rights – number of shares without voting rights



THEOLIA confirms that, during the month of June 2011, 1,594,951 OCEANEs (convertible bonds) were converted, resulting in the creation of 13,780,376 new shares.



Since July 20, 2010, the effective date of the modification of the terms of the OCEANEs, 3,079,056 OCEANEs have been converted, resulting in the creation of 26,602,174 new shares.



The conversion of these 3,079,056 OCEANEs into shares reduces by 47.1 million euros to 129.3 million euros the maximum amount to be reimbursed on January 1, 2015 in case of request.

[Istanbul]

Badenwerk kommt zu Basel hinzu:

THEOLIA Utilities Investment Company: a cross-border partnership in wind energy (2011/10/25 07:00 AM)

THEOLIA, developer, builder and operator of wind farms, and IWB Industrielle Werke Basel (“IWB”), electricity producer and distributor in Switzerland, will be joined by the German utility company Badenova in THEOLIA Utilities Investment Company, after the approval by the German competition authorities.



Created in August 2011, THEOLIA Utilities Investment Company is a joint vehicle dedicated to invest in wind projects. It is composed of THEOLIA, a French developer and operator of wind farms, and two major European utilities: IWB in Switzerland and now Badenova in Germany. With Badenova joining the vehicle, the shareholding of THEOLIA Utilities Investment Company will be spread between THEOLIA holding 40%, and IWB and Badenova holding each a 30% interest. This agreement is subject to the approval of the German competition authorities within a month.



This cross-border partnership brings together three European energy players with the aim of jointly developing and operating onshore wind farms in France, Germany and Italy. THEOLIA acts as the operating partner: it transfers to THEOLIA Utilities Investment Company wind projects that it has previously developed, while pursuing the construction and operation of these wind farms on behalf of the vehicle. With this partnership, IWB and Badenova spread abroad and implement their strategic vision of the need of developing green energy.



The objective of the vehicle is to reach a total wind capacity of 150 to 200 MW. With a final target of 100 million euros of equity invested, combined with project financing, the vehicle will be in a position to invest more than 300 million euros.



THEOLIA Utilities Investment Company is contemplating its first wind project investment, that will concern a project located in the North of France.



Fady Khallouf, THEOLIA’s CEO, stated: “Two top tier European utilities have chosen to join the vehicle THEOLIA Utilities Investment Company. This success confirms the validity of the co-investment strategy that we wished to implement. It also demonstrates the relevance of an “international partnership for the environment that crosses borders”. Today, more than ever, wind energy stands in the center of any strategy favoring the availability of a green energy respecting the environment. Geographically close and sharing our ambition to significantly develop wind energy, IWB and Badenova are the ideal partners for this vehicle.”



Bernhard Brodbeck, Head of procurement and member of the management team of IWB, stated: “To increase our renewable energy production, we have to take into account the natural potential from which Europe benefits. The partnership today extended to Badenova, an energy distributor caring about the environment, and in our direct neighborhood, is promising for both companies. With THEOLIA’s operational know-how applied to our targeted markets, we are confident to reach our development plan towards 2015.”



Dr. Thorsten Radensleben, Badenova´s CEO, stated: ”The joint-venture with THEOLIA and IWB perfectly fits Badenova´s understanding of developing and acquiring new ways of renewable energy production. The driving force behind this cooperation is the international experience and advanced know-how which THEOLIA brings into this partnership. This cooperation provides ideal conditions to invest.”

[R-BgO]

Zahlen 2011 kamen vor einiger Zeit;

der Bond ist inzwischen runter auf 103,4 Mio. Volumen

[R-BgO]

sieht doch gar nicht so verkehrt aus:


Consolidated revenue for the first quarter of 2012 is up by 43% (2012/04/25 07:30 AM)
Increase in revenue from each activity of the Group
Strong growth in Sales of electricity for own account activity and Operation activity


Since the second half of 2010, the Group has reduced the pace of its wind farm and project disposals in order to favor the Sales of electricity for own account activity which benefits from a predictable and recurrent revenue over the long term, as well as from a significant operational margin.

For the first time since the implementation of this new business model, the two quarters presented are comparable from one year to the other.

THEOLIA’s consolidated revenue amounted to 19.9 million euros for the first quarter of 2012, i.e. an increase of +43% compared to the first quarter of 2011.

WIND ACTIVITIES Non-wind activity (1) Consolidated total
(in thousand euros) Sales of electricity for own account Operation Development, construction, sale
First quarter of 2012 14,734 2,062 2,875 250 19,921
First quarter of 2011 11,236 1,612 796 244 13,888
Change +31% +28% +261% +2% +43%
(1) Excluding Environment activities.



The revenue from the Sales of electricity for own account activity reached 14.7 million euros for the first quarter of 2012, an increase of +31% compared to the first quarter of 2011. This strong growth is the result of a positive scope effect, better production conditions in Germany and the registration of green certificates in Italy.

As of March 31, 2012, the Group’s installed capacities for own account reached 304 MW, compared to 291 MW as of March 31, 2011. Changes between the two periods include the commissioning, during the second half of 2011, of the Gargouilles wind farm in France for a capacity of 18.4 MW, the sale of a 4 MW operating wind farm at the end of 2011 and the sale of a 1.5 MW operating wind farm in the first quarter of 2012.

The distribution of these installed capacities over four countries contributes to reducing the impact of potential changes in local wind conditions.

The revenue from the Operation activity amounted to 2.1 million euros for the first quarter of 2012, an increase by +28% compared to the first quarter of 2011. As for the Sales of electricity for own account activity, the Operation activity mainly benefitted from good production conditions in Germany.

As of March 31, 2012, capacities managed for third parties reached 599 MW, compared to 586 MW as of March 31, 2011.

The revenue from the Development, construction, sale activity came to 2.9 million euros for the first quarter of 2012, compared to 0.8 million euros for the first quarter of 2011. The revenue from this activity over the period mainly includes the sale of a 1.5 MW operating wind farm in Germany as for trading activity, as well as development and construction services for third parties in France.

The Non-wind activity registered a revenue of 250 thousand euros for the first quarter of 2012, produced by the solar park in Germany.

[R-BgO]

Launch of the consolidation of shares (2012/07/03 07:30 AM)

During its meeting held on July 2nd, 2012, the Board of Directors of THEOLIA (the “Company”) decided to implement the consolidation of the shares of the Company, as approved under the thirteenth resolution by the Extraordinary and Ordinary General Meeting held on June 1st, 2012, and empowered the Chief Executive Officer to proceed with this consolidation operation.

The consolidation, whose start date is planned on July 20, 2012, will be implemented such that 2 old shares with a par value of 0.70 euro each will become 1 new share with a par value of 1.40 euro.

This operation aims to divide the number of shares in circulation by two, while the par value and the share price are multiplied by two. At completion, these mechanical effects have no impact on the value of the Company.

The conditions of this operation will be detailed in a notice published in the Bulletin des Annonces Légales Obligatoires [Bulletin of Mandatory Legal Announcements] and in a Company press release on Wednesday July 4, 2012.

[Merrill]

Ich vermute mal, die Aktienzusammenlegung ist im Vorgriff
& als Vorbereitung für kommende Kapitalerhöhungen.

[R-BgO]

Antwort auf Beitrag Nr.: 43.378.055 von Merrill am 12.07.12 12:37:35

hätte nix dagegen, würde meine anleihen sicherer machen

[Istanbul]

Folgendes hatten wir vergessen. Wenn ich das richtig sehe, dient die Konstruktion dazu, den Verlust aus Differenz von zu zahlenden höheren Zinsen der Oceane und zu erhaltenden Zinsen auf das eigene Cash zu vermeiden.


THEOLIA sets up a dynamic management mechanism for its available cash based on a swap contract relating to its OCEANEs
Jeudi 07 Jun 2012 à 07:00

DO NOT RELEASE, PUBLISH OR DISTRIBUTE, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA.

In 2011, THEOLIA entrusted to Credit Suisse a part of its available cash in the context of a usual cash management agreement. It is indeed particularly difficult, in the current context of crisis in the euro zone, to find the FINANCIAL instruments that allow an attractive remuneration at an acceptable risk level.

Given the remarkable recovery efforts initiated by its management and teams, THEOLIA intends to set up a dynamic management of its available cash based on the market performance of its OCEANEs and the underlying shares, the market price of the OCEANEs being less volatile than that of the THEOLIA share.

To this end, THEOLIA concluded a swap contract with Credit Suisse concerning the OCEANEs in order to give a lift to the management of its available cash.

The swap contract (total return swap)

The swap contract concerning the OCEANEs concluded with Credit Suisse has a minimal duration of six months.

In order to constitute its hedge with respect to this swap contract, Credit Suisse may purchase OCEANEs, in its own name and for its own account, within the limit of 1,150,000 OCEANEs, corresponding to a maximal amount of 13,225,000 euros, by purchasing OCEANEs on the market or blocks of OCEANEs off market.

During the term of the swap contract, THEOLIA will pay to Credit Suisse an amount equal to euribor plus a spread, corresponding to the cost of the constitution of its hedge position by Credit Suisse, and will receive, if applicable, the coupons and dividends received by Credit Suisse under its hedge position. Part of THEOLIA's available cash will be provided as collateral in order to secure its obligations towards Credit Suisse under the swap contract.

At the maturity of the contract or in case of a request from THEOLIA for an early repayment of part of its cash provided as collateral under the swap contract, THEOLIA will receive the market value of the OCEANEs allocated to the hedge of the swap and will pay to Credit Suisse the value of the constitution of its hedge (THEOLIA shall therefore receive from Credit Suisse the positive performance of the OCEANE or, as the case may be, pay to Credit Suisse the negative performance of the OCEANE). Credit Suisse will be the owner of the OCEANEs so purchased.

On the swap contract maturity date or in case of a request from THEOLIA for an early repayment of a part of its cash, Credit Suisse may unwind its position, depending on the market liquidity conditions, either by selling the OCEANEs that were purchased for the purposes of its hedge with respect to the swap contract, or by converting the OCEANEs into shares so as to sell the shares received as a result of the conversion of the OCEANEs. In the absence of a volume increase of the OCEANEs exchanged on the market and on the basis of the current volumes, the criteria used for the unwinding of the swap contract would probably lead to an unwind in shares.

[R-BgO]

Takeover offer for Theolia launched by Macquarie with the support of Management and recommended by the Board (2013/07/08 07:00 AM)

The takeover offer initiated by MEIF4 AX Holdings SAS (the Offeror) is made for the shares, the non-consolidated shares, the bonds convertible and/or exchangeable into new or existing shares (OCEANEs) and the common share purchase warrants (BSA) of Theolia



Paris and Aix en Provence, 8 July 2013, 7 am.

MEIF4 AX HOLDINGS SAS, a subsidiary of Macquarie European Infrastructure Fund 4 (MEIF4), which is managed by Macquarie Infrastructure and Real Assets (MIRA), a group dedicated to long-term infrastructure investment with extensive experience in the renewable energy sector in Europe, announces today a friendly takeover offer for Theolia. Theolia is an independent wind electricity producer, which operates 1,269 MW of wind capacity on its own account and for third party customers in France, Germany, Italy and Morocco.

The offer aims to give Theolia a long-term, majority shareholder that will provide stability in a difficult economic and regulatory environment. Theolia will thus be able to plan for repayment of its convertible bonds ahead of the early redemption date of 1 January 2015, and to pursue its development plans.

Furthermore, the offer provides the shareholders, the holders of the convertible bonds (OCEANEs) and the holders of the warrants (BSA) immediate and total liquidity at an attractive valuation. The price of 1.70 euro per share, assessed as fair from a financial standpoint by the Board-appointed independent expert, offers a premium of 51.8% over the last share price prior to the announcement of the offer and 40.8% over the volume-weighted average price over one month.

As at the date of filing the offer, four shareholders (Michel Meeus, Pierre Salik, Brigitte Salik and Fady Khallouf) representing 13.45% of the share capital of Theolia (17.96% of the voting rights) have committed to tender all their securities to the offer.

Bruno Angles, President of Macquarie in France, said: “We welcome the support of Theolia's management and Board. We are conscious that Theolia still has a lot of work to do in order to deliver on its various projects. We look forward to working alongside Fady Khallouf, who will continue to lead the company through this new phase of its development, capitalizing on his experience, expertise and energy. We are very pleased to be launching this offer.”


Fady Khallouf, Theolia's CEO, said: “After three years of transformation, Theolia has become an efficient operating platform. This friendly takeover offer is a great opportunity for Theolia and its shareholders. It would allow Theolia to both repay the convertible bond and increase its capacity for future development. Macquarie is an ideal long-term investor to support Theolia in this new phase.”


Michel Meeus, Chairman of the Board of Theolia, said: “Theolia has made considerable progress over the past three years, building a strong business model and an ideal platform for long-term investment. Today, Macquarie offers to write a new page in the history of Theolia. The Board of Directors fully supports this offer which is in the interest of the company, its shareholders and bondholders.”

* * *

Details and offered prices


The takeover offer includes all existing shares of Theolia (consolidated and non-consolidated shares). It also includes all the OCEANEs and BSA issued by Theolia.

The prices offered for all the securities targeted by the offer are as follows:

1.70 euro per share for each share, offering a 51.8% premium over the last share price prior to the announcement of the takeover offer (i.e. on 5 July 2013) and 40.8% over the volume-weighted average price over one month;
0.85 euro per non-consolidated share;
15.29 euro per OCEANEs, plus the accrued coupon[1], offering premia of 51.6% and 49.0% respectively over the last trading price of the OCEANEs prior to the announcement and over the average price over one month; and
0.002 euro per BSA.
The takeover is conditional on the Offeror obtaining at least 2/3 of the voting rights of Theolia, on a diluted basis as well as on a non-diluted basis. The offer is also conditional on the clearance of the German anti-trust authority. If these conditions are not satisfied, the offer will lapse.


Position of the Board of Theolia


The Board of the company has appointed FINEXSI as the independent expert with the assignment of reviewing the proposed offer, preparing a report on the financial conditions of the tender offer, and providing its assessment of whether the offered prices are fair for the shares, the OCEANEs and the BSA.

FINEXSI has confirmed that the offered prices are fair for shareholders, bondholders and BSA holders. His report is fully incorporated in Theolia's draft note in response.

On 7 July 2013, the Board of Theolia reviewed the terms and conditions of the Offeror's bid, and having notably considered the fairness opinion provided by FINEXSI, unanimously issued a favorable reasoned opinion on the proposed takeover.

The Board considers the proposed takeover to be in the interest of Theolia Group, its shareholders, the holders of OCEANEs and BSA, and its employees, and it offers a very attractive exit route for the shareholders, the holders of OCEANEs and BSA wishing to benefit from an immediate liquidity.

Provision of documents relating to the takeover offer


This communication is provided for information purposes only. It does not constitute an offer to the public. The distribution of this communication may be restricted by law in certain jurisdictions and therefore, any person in possession of it must inform themselves of applicable legal restrictions and comply with them.

Pursuant to French regulations, the offer and the documentation submitted by MEIF 4 AX Holdings SAS in connection with the tender offer are subject to review by the French stock exchange authority (AMF).

The draft offer document is available on the website www.theolia.com and on the AMF website (www.amf-france.org) and can be obtained free of charge from MEIF 4 AX HOLDINGS SAS: 41 Avenue George V, 75008 Paris and Société Générale CORI / COR / FRA, 75886 Paris Cedex 18.


The main elements of the draft offer note will be included in the statement to be released by MEIF 4 AX HOLDINGS SAS in accordance with Article 231-16 of the general regulation of the AMF. Information relating to the characteristics, including legal, financial and accounting of the Offeror will be made publicly available in accordance with Article 231-28 of the general regulation of the AMF, at the latest on the day before the opening of the offer on the same terms.

Theolia's draft note in response as filed with the AMF will also be available on the website of the AMF as well as that of Theolia. The main provisions of this note will be included in the statement to be released by Theolia in accordance with Article 231-26 of the general regulation of the AMF.

Société Générale Corporate and Investment Banking is acting as exclusive financial advisor to the Offeror, presenting bank and guarantor for the offer. Linklaters is the legal adviser to the Offeror.

Credit Suisse is acting as exclusive financial advisor to Theolia. Herbert Smith Freehills is the legal adviser to Theolia.

About MEIF 4 and Macquarie Infrastructure and Real Assets


MEIF 4 AX HOLDINGS SAS is an investment vehicle of Macquarie European Infrastructure Fund 4 (MEIF 4), a €2.75 billion infrastructure fund which seeks to invest in a diversified portfolio of infrastructure business in the European Union, Norway, Switzerland and Iceland. Its investors are largely pension funds and other large institutions from Europe and around the world, including a number of French institutions.


The Fund is managed by Macquarie Infrastructure and Real Assets (MIRA), the world's largest manager of infrastructure. Investing on behalf of pension funds and other institutions, MIRA has a track-record of responsible, profitable management. MIRA has an office in Paris and has been established in France since 2006: notably its funds have invested in Autoroutes Paris-Rhin Rhone (APRR) for more than seven years and in 100 MW of operating French wind farms for six years.

MEIF4 has existing investments in two European gas networks: Open Grid Europe, Germany's largest gas network which was acquired from e.ON in July 2012; and a Czech gas network co-owned with RWE since December 2012. It is a successor Fund to MEIF1, 2 and 3 which have been investing in European infrastructure since 2003 and have together committed more than €7.3 billion to 20 European infrastructure businesses, including the French toll road operator APRR in partnership with Eiffage, and Brussels Airport, alongside the Belgian Government.

About Theolia


Theolia is an independent producer of wind energy, active over the entire wind value chain. The group develops, builds and operates wind farms in four countries: France, Germany, Morocco and Italy. In total, the group operates 1,269 MW for its own account and for third parties. Theolia is listed on compartment C of NYSE Euronext Paris, code: TEO.

[R-BgO]

knapp daneben:

Takeover offer result (2013/09/13 6:10 PM)
The French Stock Exchange Authority (AMF) published today the results of the takeover offer for THEOLIA launched by MEIF 4 AX Holdings SAS.

The Offeror received 64.49% of the share capital and 64.79% of the voting rights of the Company on a non-diluted basis, according to the calculation method presented in the offer note.

The majority of THEOLIA's shareholders tendered their shares. However, the conditional threshold of 2/3 of the voting rights on a non-diluted basis, set by the Offeror, has not been reached.
The takeover offer thus lapses. The tender orders are null and void.

THEOLIA takes note of the decision of a part of its shareholders to refuse this offer.

The Company once again deplores the unfounded public accusations made and the increasing scheming that occurred the days preceding the closing of the offer, with a view to destabilizing.

THEOLIA will take the necessary decisions to protect its corporate interest and to manage its activities, in light of the foreseen upcoming challenges. In addition, the Company will engage all necessary legal proceedings to be taken.

[R-BgO]

damit wir auch gefunden werden

Thread: Theolia - "neue" WKN