Theolia - "neue" WKN - 500 Beiträge pro Seite

[R-BgO]

na ja, der reverse-split ist auch schon wieder gute 2 Jahre her...

alter Thread: Theolia - renewable Stromproduzent

[R-BgO]

Anlass zum mal-wieder-Reingucken war der anstehende put-Termin für die 2041-Anleihe;

offenbar wird die jetzt umstrukturiert in der Weise, dass 7,27 Nennwertreduktion Anfang 2015 ausgezahlt werden und mehrere weitere Zahlungen in den Folgejahren bis 2019 sind geplant (siehe Seite 10 der PR: http://www.theolia.com/wp-content/uploads/2014/10/Pr%C3%A9se…;

so wird ein potentieller Liquiditätsschock vermieden


Wer da noch eine Effektivverzinsung ausrechnen will, viel Spaß dabei!l

[R-BgO]

Antwort auf Beitrag Nr.: 48.232.840 von R-BgO am 05.11.14 17:53:41

falsche Link, hoffe dieser geht: http://www.theolia.com/wp-content/uploads/2014/10/Pr%C3%A9se…

[R-BgO]

Verzinsung wird auf 3,9% erhöht, was bei aktuellem Kurs zu einer laufenden Rendite von rund 6,4% NACH der Nennwertherabsetzung führt

[Istanbul]

Antwort auf Beitrag Nr.: 48.233.089 von R-BgO am 05.11.14 18:11:32

Lustig, dass diese (alternativlosen) Kapitalmaßnahmen, die eine Aktie mehr oder weniger mit Ausgabepreis 0,50€ bewerten, nun klar durchgehen und ein Jahr zuvor das Macquarie-Angebot zu 1,70€ nicht. Grüne Anleger eben.

Jetzt wird es interessant, wie die Besitzverhältnisse nach Kapitalerhöhung aussehen werden. Vielleicht bringt eine Konzentration des Aktionariats eine neue Chance. Wegen der Verwässerung allerdings zu deutlich niedrigeren Kursen / Aktie. Viel mehr als 0,60€ (Strike des neuen OS-Scheins bei Zeichnen der Kapitalerhöhung) wird es wohl nicht geben.

[R-BgO]

Antwort auf Beitrag Nr.: 48.239.266 von Istanbul am 06.11.14 10:12:08

Schön, Dich wiederzulesen; habe w-Macquarie genau das Gleiche gedacht...

[Istanbul]

Antwort auf Beitrag Nr.: 48.239.449 von R-BgO am 06.11.14 10:26:49

Les Dich auch immer gern. An dieser Stelle ein Dank für Deine unermüdliche Fleißarbeit bei Grünen Aktien.

Theolia könnte interessant werden, da nun das OCEANE-Risiko weg ist. Aber es steckt immer noch viel Luft in Bilanz und administrativem Wasserkopf.

[Istanbul]

THEOLIA launches a capital increase of approximately 60 million euros maintaining the preferential subscription right for the shareholders (2014/11/10 07:00 AM)

- Last step of the implementation of THEOLIA's financial restructuring plan through the launch of a capital increase in the amount of 59,773,526 euros
- Ratio: 35 new shares associated with one (1) stock warrant each for 19 existing shares
- Unit subscription price: 0.50 euro per new share associated with stock warrants
- Subscription period: from November 12, 2014 included to November 25, 2014 included

http://www.actusnews.com/documents_communiques/ACTUS-0-37888…

Nix Neues. Nach den Kapitalmaßnahmen gibt's dann ca. 65 alte + 120 neue + evtl. 40 aus Optionsausübung Mio Aktien. Dafür kann man die OCEANE bezahlen.

[skbond]

Bewertung theolia

Kennt ich vergleichbare unternehmen zu theolia. Optisch ist theolia bei 0,55 ja billig, wuerde aber gerne mal mit anderen unternehmen benchmzrken.

[Istanbul]

Antwort auf Beitrag Nr.: 48.389.753 von skbond am 22.11.14 23:52:36

Ein Vergleich ist m.E. einfach nicht möglich, gegeben die Unsicherheiten in der Bewertung der Sachanlagen, BREEZE TWO, Verbindlichkeiten, Risikoprofil, etc.

Du kannst Dich höchstens an dem Angebot von Macquarie festhalten. Das ist aber schon ne Weile her.

---------

http://www.theolia.com/en/finance/communiques?ID=ACTUS-0-381…
KE ist wie erwartet durch und auch zum erwarteten Preis von 0,50€. Ausübungsquote für grüne Anleger relativ hoch, deshalb leider wenig Änderung in der Kapitalstruktur.

THEOLIA announces the successful completion of its capital increase in the amount of 59.8 million euros (2014/12/03 6:00 PM)
The capital increase maintaining the preferential subscription right, launched by THEOLIA on November 12, 2014, has been fully subscribed.

Further to the end of the subscription period on November 25, 2014 after market and to the end of the centralization period, total requests amounted to 167,559,268 shares associated with stock warrants, distributed as follows:

108,912,510 shares associated with stock warrants were subscribed on an irrevocable basis, representing 91.1% of the shares associated with stock warrants to be issued; and
58,646,758 shares associated with stock warrants were requested on a revocable basis. These requests will only be met up to 10,634,542 shares associated with stock warrants after distribution.
Overall, 119,547,052 shares associated with stock warrants were subscribed at the unit price of 0.50 euro, representing gross proceeds of 59,773,526 euros.

[R-BgO]

Teil-Einlösung heute gebucht

[skbond]

Antwort auf Beitrag Nr.: 48.553.364 von R-BgO am 12.12.14 09:09:56

bei mir auch. werde einen teil in die aktie umschichten. bei theolia steht der turnaround an. Ist meiner Meinung nach operativ schon vollzogen und mit der Umschuldung auch finanziell "vorerst" gerettet. die nächste Teilzahlung kommt im Januar 2017

[R-BgO]

Antwort auf Beitrag Nr.: 48.566.870 von skbond am 14.12.14 12:32:36

ich habe heute meine Bondposi verdoppelt;

kommt im Ergebnis auf etwa mehr raus, als vor der Rückzahlung


auf einen Kurs von 8,30 bedeuten 46c Zinsen eine laufende Rendite von 5,5%

[R-BgO]

Antwort auf Beitrag Nr.: 48.232.840 von R-BgO am 05.11.14 17:53:41

Zahlen kamen heute

...aus dem Anlass habe ich das mit der Effektivverzinsung jetzt mal gemacht:

Wenn ich alle Zahlungen incl. Kauf heute auf einen Zeitstrahl aufmale und dann den Barwert auf Null bringe, dann lande ich bei folgenden Einstand/interner Zinsfuß-Paaren

8,50 bei 7,78%
8,80 bei 7,08%
9,00 bei 6,66%

DAZU kommt die upside durch das Wandlungsrecht: für 87c Anleihennominale kann man bis 2020 eine Aktie kriegen, danach muss man ohne Wandlungsrecht bis 2041 warten, bevor die letzten 5,69 rüberwachsen...


Leider wurde mir der Posten zu 8,36 heute während meiner Rechnerei weggekauft.

Muss mir morgen mal überlegen, ob ich trotzdem jetzt zuschlage, oder möglicherweise vergeblich auf bessere Kurse hoffe.

[R-BgO]

Antwort auf Beitrag Nr.: 49.477.454 von R-BgO am 01.04.15 17:22:07

heute zu 8,70 zugeschlagen;

mit Orderkosten dürften es dann knapp 8,80 sein

[R-BgO]

THEOLIA exercises its put option to end control over Breeze Two Energy

(2015/05/25 08:00 AM)


As stated in THEOLIA's 2012 Registration Document, the transaction signed with Loach on January 31, 2013 regarding Breeze Two Energy GmbH and Co.KG (“Breeze Two Energy”) included put and call options, which may be exercised upon certain circumstances provided for in the contractual documentation.

Over the initial period, the new management implemented strategies to transform and optimize Breeze Two Energy. However, in the light of the updated analysis of Breeze Two Energy fundamentals on the basis of the transaction conditions, THEOLIA exercised its put option by the sale, to Loach, of BGEI, the company holding 70% of the Class C bonds as well as associated rights.

The unwinding of this transaction will follow the process set out in the contract. Following a period of a maximum of two months, THEOLIA will cease control over Breeze Two Energy and deconsolidate the entity.



...ist das nun gut oder schlecht?

[R-BgO]

Antwort auf Beitrag Nr.: 49.477.454 von R-BgO am 01.04.15 17:22:07

dafür habe ich heute einige zu 8,25 bekommen; ergibt 8,9% Rendite

[R-BgO]

Antwort auf Beitrag Nr.: 50.096.037 von R-BgO am 02.07.15 09:23:23

und heute noch mal was zu 8,20 => 9,29% Rendite

[R-BgO]

Name wird geändert

neu: FUTUREN

[R-BgO]

seit heute heißen wir Futuren:

A new name, new stock market symbols (2015/11/02 07:00 AM)

Following the change in the corporate name approved by the Extraordinary General Meeting of October 28, 2015, FUTUREN announces the change in the stock market symbols of its financial instruments listed on Euronext as from Monday November 2, 2015, when financial markets open.

The name of the share becomes « FUTUREN » and the corresponding stock market symbol becomes « FTRN ». The ISIN code remains the same (FR0011284991).

The name of the convertible bond becomes « FUTUREN OCEANE2041 » and the corresponding stock market symbol becomes « YFTRN ». The ISIN code remains the same (FR0010532739).

The name of the stock warrant becomes « FUTUREN BS » and the corresponding stock market symbol becomes « FTRBS ». The ISIN code remains the same (FR0012285922).

About FUTUREN
FUTUREN 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: Germany, France, Morocco and Italy. In total, the Group operates 832 MW for its own account and for third parties.

[R-BgO]

und operativ gab es auch noch was Neues:

FUTUREN's revenue for the first nine months of 2015 reached 41.1 million euros (2015/10/20 07:00 AM)
+ 8% growth in sales of electricity, FUTUREN's main activity

No sale of wind farm or project during the first nine months of 2015

 (in thousand euros)...........Sales of electricity.......Development and management of wind farms

First nine months of 2015................35,877....................5,178	

First nine months of 2014 restated (1)...33,345....................12,126

First nine months of 2014 published......61,829....................12,126

Restated for the accounting of Breeze Two Energy as a discontinued activity, in accordance with IFRS 5.

Thanks to favorable wind conditions in the third quarter of 2015, the Sales of electricity activity recorded a revenue of 35.9 million euros for the first nine months of 2015, up by + 8%, despite the reduction in the capacity operated for own account, following the sale of an operating wind farm in August 2014.

The Sales of electricity activity, which relies on 15- to 20-year electricity buy-back contracts, benefits from a recurring revenue and significant margins over the long term. This secure activity accounts for 87% of the consolidated revenue for the first nine months of 2015.

The Development and management of wind farms activity was penalized as no sale of wind farm or project occurred during the first nine months of 2015, while a wind farm was sold in August 2014. On the contrary, favorable wind conditions helped increase the revenue from the operation of wind farms on behalf of third parties.

The Group does no longer register any non-wind activity since the disposal of the solar park at the end of May 2014.

FUTUREN actively pursues its development policy that aims to commission wind farms for own account and thereby strengthen its main Sales of electricity activity. The Group is currently finalizing the construction of the Haute Borne wind farm which will be commissioned by the end of the year. FUTUREN launched the construction of the Chemin Perré wind farm in September 2015 and will launch a new construction site in the Aube French department in the coming months.

[R-BgO]

Antwort auf Beitrag Nr.: 50.364.642 von R-BgO am 10.08.15 10:56:30

heute nochmal nachgefaßt

und Order platziert, die 4 offene Posten von 7,50-8,58 einsammeln sollte;

hat auch geklappt, nur leider haben sie mir für ALLE Posten 8,58 berechnet; der Durchschnittspreis zu den im Orderbuch anzeigten Werten wäre aber nur 8,32 gewesen...

habe eine Nachfrage gestartet und bin mal auf das Ergebnis gespannt.

[Istanbul]

With a net profit of 3.4 million euros in 2015, FUTUREN reaches its target to be profitable and implements a supported growth dynamic

http://www.futuren-group.com/en/finance/communiques?ID=ACTUS…

[Istanbul]

Ausführlicher und schöner lesbar in pdf:
http://www.actusnews.com/documents_communiques/ACTUS-0-43437…

Entwicklung sieht gut aus jetzt. Vielleicht meldet sich Macquarie ja nochmal, wenn's auch jetzt deutlich weniger Sinn macht für sie.

mit 40,0 neuen Aktien aus OS (EK +0,60€ *40,0 = +24,0):
Kurs 0,60€
Aktien: 224,9
MK: 135,0

[R-BgO]

Antwort auf Beitrag Nr.: 51.989.255 von Istanbul am 16.03.16 09:15:44

sehr schön, damit sollte es weiter gut für die OCEANE aussehen,

hatte ganz vergessen, dass da auch noch ein Wandlungsrecht besteht...

in 2016 bedeutet das noch 9,22 Aktien pro OCEANE, bei einem aktuellen Briefkurs von 8,50 wären das 92c

[Istanbul]

Prinzipiell ja. Wie gesagt, im Juni steht die Wandlung von ca. 120 Mio OS in ca. 40 Mio Aktien zu 0,60€ an. Das wird m.E. dann noch ne Weile drücken.

Chart der OS sieht auch schön aus:
http://www.boursorama.com/cours.phtml?symbole=1rPFTRBS

[R-BgO]

Antwort auf Beitrag Nr.: 49.477.454 von R-BgO am 01.04.15 17:22:07

M E R D E !!!!

..rechnen müsste man können:


habe mir meine "tolle" Renditeberechnung vom 1.4.2015 nochmal angesehen und festgestellt, dass ich die zwei Rückzahlungsalternativen:

- letzte Rückzahlung 1,95 am 1.1.2020 und Verfall des restlichen Nominals, ODER
- nur Zinszahlung von 0,11 am 1.1.2020 und Rückzahlung von 5,69 am 1.1.2041

BEIDE als Rückfluss drin hatte.

Wenn ich nun die 1,95 rausnehme, bleibt beim aktuellen Einstand von 8,51 eine Rendite von 4,63% und beim Verfallenlassen der 5,69 eine von 3,46%.


Habe mich immer gefragt, warum man so gute Konditionen bekommt. Jetzt weiß ich, dass ich einfach nur dämlich war!

[R-BgO]

Antwort auf Beitrag Nr.: 51.990.716 von R-BgO am 16.03.16 11:11:59

der Vollständigkeit halber noch 2 Ergänzungen:

habe im Modell nicht drin, dass die Zinsen halbjährlich ausgezahlt werden und ab 2020 eine symbolische Verzinsung von 0,1% weitergezahlt wird;

beides verbessert den IRR geringfügig.

[Istanbul]

Sollte man m.E. trotzdem halten mit der Call-Option. Berücksichtigt man die Rückzahlungen, ist das ja ein Call bis 2020 zu knapp unter 1€/Aktie.

Wegen der Verwässerungen durch die OS im Juni und die potentiellen Wandlungen der OCEANE selbst - m.E. werden die Großkopferten ihre irgendwann wandeln, evtl. schon in 2016 - ist das Potential der Aktie wahrscheinlich begrenzt. Bei vollständiger (passiert natürlich nicht) Wandlung in 2016 würden bei 30.06.15 ausstehenden 8,2 Mio Oceane nochmal rund 75 Mio neue Aktien entstehen. Für mich sind da Kurse über 1€ in naher Zukunft schwer vorstellbar. Aber vielleicht gibt's eine Bilanz 2016ff her. Tut sich ja ziemlich viel bei Wind zur Zeit, besonders in FR.

Und wir haben es hier ja auch mit grünen Anlegern zu tun. Da ist viel möglich.

Mittelfristig nicht uninteressant.

[Istanbul]

BTW: Zahlt man in Paris auf die Oceane beim Kauf Stückzinsen?

[R-BgO]

Antwort auf Beitrag Nr.: 51.992.660 von Istanbul am 16.03.16 14:15:58

Nein,

alle meine bisherigen Käufe waren flat

[Istanbul]

Der befürchtete Druck durch die Kapitalerhöhung ist jetzt nach dem Übernahmeangebot natürlich weg. Schade, ich hatte auf nochmal 0,50€ zum Einstieg gehofft. Das wird wohl nix mehr. Meine paar OCEANE werden weiter gehalten.

The main shareholders of FUTUREN exercise their stock warrants (2016/06/06 07:00 AM)
Mr. Pierre Salik, Mr. Michel Meeus and Mrs. Brigitte Salik on one hand, various funds managed by Boussard & Gavaudan on the other hand, announced, on Friday June 3, 2016 after market, that they entered into a shareholders' agreement under which they act in concert, and that they exercised all the stock warrants they were holding.

In total, this new Concert declares the exercise of 78,415,975 stock warrants out of 116,164,471 stock warrants outstanding as at May 31, 2016. This leads to a cash inflow of about 15.7 million euros for FUTUREN.

Exercising its stock warrants, BG Select Investments (Ireland) Limited, a fund managed by Boussard & Gavaudan, exceeds the threshold of 30% of FUTUREN's share capital and will file a project of simplified public offer on:

FUTUREN shares at a price of €0.70 per share;
FUTUREN convertible bonds at a price of €8.30 per convertible bond (including accrued coupon); and
FUTUREN stock warrants at a price of €0.0333 per stock warrant.

Listing of all FUTUREN securities is suspended during June 6, 2016.


Commenting on this news, Fady KHALLOUF, CEO of FUTUREN, said:

“I am pleased to note that the main shareholders of FUTUREN demonstrate their confidence in the Group and in the strategy implemented by exercising their stock warrants. The additional equity deriving from this exercise will enable FUTUREN to speed up its development, backed up by solid fundamentals.

The simplified public offer that will be launched by a fund managed by Boussard & Gavaudan on FUTUREN outstanding securities will be reviewed by FUTUREN's Board of Directors in compliance with the applying regulatory procedures and the recommendations of the French Financial Markets Authority (AMF)
FUTUREN will pursue its growth dynamics, aiming at being a key player in the renewable energy sector.”

[R-BgO]

das hier war mir entgangen,

erst heute aufgrund Mitteilung der Depotbank drauf aufmerksam geworden:


The constitution of a Concert between FUTUREN's main shareholders leads to a change in control - FUTUREN appoints the independent expert in charge of the fairness valuation of the simplified mandatory public offer on its shares and convertible bonds (2016/06/15 07:00 AM)


The constitution of a Concert between Mr. Pierre Salik, Mr. Michel Meeus and Mrs. Brigitte Salik on one hand, and various funds managed by Boussard & Gavaudan (1) on the other hand, led to a change in control (2) over FUTUREN.

FUTUREN informs its bondholders that, as a consequence of this change of control, they may request the early redemption of all or some of their bonds.

The period of early redemption will be open from July 13, 2016 to July 27, 2016 at a price of €8.024 per bond, increased by the interest payable for the period elapsed between July 1, 2016 and the effective payment date of the redemption price.

Bondholders who wish to have all or some of their bonds redeemed must make a request, no later than July 27, 2016, to the intermediary with which their bonds are registered in an account. The intermediary will transmit the request to Société Générale Securities Services, in charge of financial service for FUTUREN convertible bonds. This institution will then proceed to the early redemption of the corresponding bonds.

Moreover, following the constitution of the above-mentioned Concert and the exercise of all the stock warrants held by its members, BG Select Investments (Ireland) Limited, an entity owned by BG Master fund ICAV, a fund managed by Boussard & Gavaudan, filed with the French Financial Markets Authority (AMF), on June 6, 2016, a project of simplified mandatory public offer on:

FUTUREN shares at a price of €0.70 per share; and

FUTUREN convertible bonds at a price of €8.30 per convertible bond (included accrued coupon).

Furthermore, BG Select Investments (Ireland) Limited reserves the right to acquire, until the opening of the offer, in particular 30% of the outstanding convertible bonds, at the price of the offer, ie €8.30 per convertible bond (included accrued coupon) (3).


Thus, the conditions offered to the bondholders under the simplified mandatory public offer appear more favorable than the early redemption that may be requested to FUTUREN.

During its meeting of June 7, 2016, the Board of directors of FUTUREN formalized the choice made by the independent directors to appoint Sorgem Evaluation as independent expert, in charge of issuing a report on the financial terms and conditions of the project of public offer.

The report of the independent expert and the reasoned opinion of FUTUREN's Board of directors will be included in the draft note in response that will be prepared by FUTUREN and filed for approval by the AMF in accordance with the provisions provided for by the applicable regulations.

BG Select Investments (Ireland) Limited, BG Master Fund ICAV, BG Long Term Value and Boussard & Gavaudan SICAV.

According to section 4.9.5.2 of the convertible bonds' issuance contract annexed to the prospectus relating to the issuance and listing of shares with stock warrants attached which prospectus received visa n° 14-591 by the AMF on November 7, 2014.

See section 1.1.2 (d) of the draft prospectus pertaining to the offer filed by BG Select Investments (Ireland) Limited with the AMF on June 6, 2016.

[R-BgO]

Antwort auf Beitrag Nr.: 52.601.477 von Istanbul am 13.06.16 09:55:13

sorry, hattest Du ja schon gepostet...

dafür ist wenigstens das hier neu:



FUTUREN continued to grow in the first half of 2016 (2016/07/19 07:00 AM)

Consolidated revenue increased by + 5%

Sales of electricity revenue increased by + 8%

Commissioning of 31 MW planned by the end of 2016

(in thousand euros) Sales of electricity//Development and management of wind farms//Consolidated total
First half of 2016 28,078 // 3,197 // 31,275
First half of 2015 26,018 // 3,779 // 29,797
Change + 8% // - 15% // + 5%

The Sales of electricity activity, FUTUREN's core business, registered a revenue of 28.1 million euros for the first half of 2016, an increase of + 8%, notably thanks to the commissioning of a 21 MW wind farm in November 2015.

The Sales of electricity activity, which relies on 15- to 20-year electricity buyback contracts, benefits from a recurring revenue and significant margins over the long term. This secure activity accounts for 90% of the consolidated revenue for the first half of 2016.

During the second quarter of 2016, FUTUREN pursued the construction of the Chemin Perré project (18 MW) and Les Monts project (13 MW) in France. These two farms are respectively planned to be commissioned in September and December 2016.

After 21 MW commissioned at the end of 2015, 31 MW will be commissioned by the end of 2016 and will benefit to the Group partially in 2016 and in full year as from 2017. At the beginning of 2017, FUTUREN will also launch the construction works for another 21 MW project that will be commissioned at the beginning of 2018. In total, the Group's pipeline of projects that are authorized or under construction reaches 199 MW that will be commissioned during the next 3 years.

The Development and management of wind farms activity recorded a decrease for the first half of 2016 compared to the first half of 2015, mainly due to the end of some contracts of wind farm management for third parties in Germany and in France in the end of 2015.


Next financial publication
FUTUREN will publish its 2016 half-year results on September 6, 2016 before market.

[R-BgO]

planmäßige Tilgung zum 2.1.2017,

habe 1,702 Euro pro Stück erhalten, Rest-Nennwert müsste damit 10,06 sein;

im Orderbuch waren noch ein paar Geldposis mit Preisen über 8,00, die ich abzufischen versucht habe:

es gab auch Umsatz, nur leider nicht für mich...

[R-BgO]

fürs Gesamtjahr war es wieder ein schwarze Null;

hinsichtlich der Rückzahlung fühle ich mich inzwischen recht wohl....

[R-BgO]

Antwort auf Beitrag Nr.: 54.677.180 von R-BgO am 04.04.17 23:06:03

FUTUREN and the majority shareholders acting in concert entered into exclusive talks with EDF Energies Nouvelles (2017/04/25 08:30 AM)

Following the analysis initiated by FUTUREN on the strategic options and the potential development scenarios for the Group and its shareholding, the Company and the majority shareholders acting in concert, including various investment funds managed by the investment company Boussard & Gavaudan (the "Concert") entered into exclusive talks with EDF Energies Nouvelles after receiving an offer relating to the acquisition of the majority stake of the share capital of FUTUREN.

The transaction would consist in the acquisition by EDF Energies Nouvelles, subject to the consultation of its works council and the approval of its Board of Directors, of the Concert's shareholding, which collectively own 61.6% of the ordinary shares and 96.0% of the convertible bonds (OCEANEs) of FUTUREN.

EDF Energies Nouvelles would offer a price of €1.15 per share (representing a premium of 38.6% to the closing price on 24 April 2017) and €9.37 per OCEANE, ex coupon (representing a premium of 39.7% to the closing price on 24 April 2017).

The Board of Directors of FUTUREN, held on 24 April 2017, unanimously welcomed the offer made by EDF Energies Nouvelles.

In accordance with the provisions of the Autorité des Marchés Financiers General Regulation, upon completion of the transaction, EDF Energies Nouvelles would launch a simplified tender offer (OPAS) over all remaining FUTUREN's shares and convertible bonds (OCEANEs). In this context and in accordance with the applicable regulatory provisions, the Board of Directors of FUTUREN will appoint an independent expert that will be responsible for preparing a report on the fairness of the financial conditions of the transaction.

The closing of final agreements might occur after the procedures applicable pursuant to social regulations and upon approval of the Board of Directors of EDF Energies Nouvelles. The transaction would also be subject to clearance from the relevant antitrust authorities.

[Istanbul]

Tja. Da ist es operativ genau so gekommen, wie ich erwartet hatte. Und ich war seit Macquarie bestimmt 20 mal dran, zu kaufen und jedes Mal kam wieder was dazwischen. Für meine OCEANE gibt es immerhin noch ordentlich was.

Die Unternehmensführung unter Fady Kallouf hat sehr gut gearbeitet. Das hätte auch anders laufen können.

[Istanbul]

Jahresfinanzbericht (bisher noch nicht auf der Website):
https://www.euronext.com/fr/cpr/rapport-financier-annuel-201…

[R-BgO]

Antwort auf Beitrag Nr.: 54.819.334 von R-BgO am 27.04.17 14:16:07

EDF Energies Nouvelles enters into a full agreement to acquire a majority stake in FUTUREN
(2017/05/11 08:30 AM)


EDF Energies Nouvelles has reached a full and final agreement with the controlling shareholders of FUTUREN (FTRN) to buy a 67.2%[1] stake in the company. Unanimously supported by FUTUREN's Board of Directors, this deal was reached following an initial competitive process, then on April 24th, the commencement of exclusive negotiations between EDF Energies Nouvelles and FUTUREN's controlling shareholders and finally, the social proceedings carried out by both companies.

The terms discussed at the beginning of the exclusive negotiations have been confirmed in this agreement. The deal remains subject to the approval of the Bundeskartellamt, the German competition authority.

Subject to this clearance and following the acquisition from the controlling shareholders of 61.6% of FUTUREN's ordinary shares (at a unit price of €1.15) and 96.0% of its convertible bonds (at an ex coupon price of €9.37), EDF Energies Nouvelles will submit to the Financial Markets Authority (AMF), a simplified public tender offer for all FUTUREN's shares and convertible bonds that it does not already own.

FUTUREN's Board of Directors has unanimously agreed that the offer made by EDF Energies Nouvelles is in the best interests of the Company and its employees, as well as those of its shareholders and its bondholders, subject to the opinion of an independent expert to be appointed before the offer is launched.

FUTUREN is an onshore wind energy company with operations in France, Germany, Italy and Morocco. It has focused on developing (over 188 MW in projects to date), and operating facilities for its own account (389 MW in gross capacity) and for third parties (357 MW in capacity under management).

Commenting on the agreement, Antoine Cahuzac, EDF Group's Senior Executive Vice President, Renewable Energies, said: “We are delighted that FUTUREN's Board of Directors has unanimously decided to support our offer in view of its quality and of its project. The coherence between EDF Energies Nouvelles' and FUTUREN's activities will help to strengthen EDF Group's major strategic goals in renewable energy.”

Fady Khallouf, FUTUREN's Chief Executive Officer, added: “Following the significant transformation implemented over the past six years, FUTUREN has become a major integrated and profitable industrial operator. The offer, made by EDF Energies Nouvelles, a specialist in renewable energies with a long-term vision, fully acknowledges this success while foreseeing the growth momentum already built up.”

[Istanbul]

Jetzt offiziell. War eine schöne Zeit mit den OCEANEs. Angebot ist fair und werde ich annehmen.



OPENING OF THE PUBLIC TENDER OFFER FOR FUTUREN (2017/07/04 7:30 PM)
Tender period: July 6th to 19th 2017

€1.15 per share and €9.37 per convertible bond (ex coupon)

On July 4th 2017, the Autorité des Marchés Financiers (AMF) published its compliance decision on the Public Tender Offer (Offre Publique d'Achat Simplifiée, or OPAS) launched by the EDF Energies Nouvelles group for all the shares and convertible bonds (“OCEANE” bonds) of FUTUREN (FTRN) it does not own.

The tender offer will be open from July 6th to 19th 2017.

A friendly offer selected after a competitive process

The launch of the OPAS follows the acquisition by EDF Energies Nouvelles, on June 9th 2017, of 67.2%[1] of the capital of FUTUREN, from the former majority shareholders of FUTUREN, who sold their shareholdings after a competitive process.

EDF Energies Nouvelles, who considered that closer links with FUTUREN were a perfect fit with its growth strategy, indicated its interest and submitted the offer being considered as the best by the sellers.

An offer giving to all shareholders of FUTUREN access to immediate liquidity

Under the terms of the OPAS, EDF Energies Nouvelles offers to buy the shares and OCEANE bonds that the group does not own on the same terms that prevailed for the acquisition of the 67.2% of the capital from the former majority shareholders of FUTUREN, that is:

€1.15 per share
€9.37 per OCEANE bond (ex coupon).
These prices represent a premium of 38.6% for the shares and 39.7% for the OCEANE bonds relative to the closing price on April 24th 2017, the day on which the preliminary agreement was signed, opening the period of exclusive negotiations with the former majority shareholders.

A fair offer with the unanimous support of FUTUREN's Board of Directors

Finexsi, the independent expert appointed by FUTUREN to evaluate the offer, concluded that the offered prices are fair.

On the basis of this opinion, FUTUREN's Board of Directors, that met on June 19th 2017, unanimously agreed that this offer is in the best interest of the Company, its employees and its shareholders and bondholders, and that it represents a satisfactory exit opportunity for shareholders seeking full and immediate liquidity.

Mr. Fady Khallouf, Chief Executive Officer of FUTUREN, has committed to bring to the offer the shares he owns, while Mr. Thibaut de Gaudemar, independent Director of FUTUREN, declared that he plans to do it as well.

Antoine Cahuzac, EDF Group's Senior Executive Vice President, Renewable Energies and CEO of EDF Energies Nouvelles commented: “The price of the Public Tender Offer for FUTUREN was determined using a multi-criteria valuation of the company by EDF Energies Nouvelles. We believe that we have valued the company fairly, allowing minority shareholders to benefit from immediate liquidity on the same terms as offered to the former majority shareholders. Against a background of consolidation in renewable energy markets, this deal fits perfectly into the EDF Group's CAP 2030 strategy, in particular the goal of doubling its renewable energy generation capacity by 2030 globally.”

[R-BgO]

Antwort auf Beitrag Nr.: 55.275.214 von Istanbul am 06.07.17 15:38:06

ist Dir das gelungen?

habe bis jetzt nur ein Angebot der Comdirect, zu 6,322 anzudienen, was ein Preis nach CoC-put- Recht zu sein scheint;


auf Nachfrage sagen sie, dass ihnen nix von einem Angebot zu 9,37 bekannt sei...

[Istanbul]

Antwort auf Beitrag Nr.: 55.335.716 von R-BgO am 16.07.17 22:48:59

Nein. Über flatex wird mir 0,00€ geboten ...

Hab da zwar telefonisch nachgehakt, aber bisher ohne Ergebnis.

Wäre schön, wenn andere über einen Erfolg berichten können.

[Istanbul]

Antwort auf Beitrag Nr.: 55.335.716 von R-BgO am 16.07.17 22:48:59

Bei mir hat sich's jetzt geklärt - hoffe ich zuwenigst.

[R-BgO]

Antwort auf Beitrag Nr.: 55.339.334 von Istanbul am 17.07.17 15:19:22

Dem Satz kann ich mich Wort für Wort anschließen:

nach einigem Hin und Her habe ich jetzt per Mail einen Zweizeiler erhalten, der mir den Preis bestätigt;

ulkig ist, dass ich auf die parallele Anfrage bei Futuren, folgende Antwort erhalten habe:

"As a bondholder, you can decide between three options at the present time:

* You can bring all or some of your OCEANEs to the tender offer launched by EDF Energies Nouvelles at a price of €9.37 per OCEANE. Please note that the tender offer will close on July 19, 2017. For this option, you simply have to sell your OCEANEs over the market at a price of €9.37 per OCEANE. The broker of EDF Energies Nouvelles will buy them.

* You can request the early redemption of all or some of your OCEANEs to FUTUREN at a price €6.322 per OCEANE. Please note that this request is possible only until July 20, 2017. For this option, you have to make a request, no later than the last day of the early redemption period, ie July 20, 2017, to the intermediary with which your OCEANEs are registered in an account. This intermediary will transmit your request of early redemption to Société Générale Securities Services, in charge of the financial service for FUTUREN convertible bonds. This institution will then proceed to the early redemption of the corresponding bonds.

* You can request the conversion of all or some of your OCEANEs at an increased conversion ratio of 8.16 shares per OCEANE until the 15th business day following the date of publication by the AMF of the results of the ongoing tender offer."


Was comdirect mitgeteilt hatte, war die mittlere Option. Frage mich, wie blöd man sein muss, um die zu wählen.

Was sie mir jetzt bestätigt haben, ist wirtschaftlich annähernd die erste, allerdings ohne Orderkosten für mich.

Schaun' mer mal.

[R-BgO]

Antwort auf Beitrag Nr.: 55.346.018 von R-BgO am 18.07.17 12:28:03

war zu erwarten:

comdirect hat "on my behalf" über die Börse verkauft; das hätte ich auch alleine gekonnt...


bin jetzt auf die Abrechnung gespannt, insbesondere wegen der vielen Teiltilgungen.


Meine paar Aktien-Ansichtsstücke habe ich vorerst behalten.

[R-BgO]

Antwort auf Beitrag Nr.: 55.384.581 von R-BgO am 24.07.17 15:07:46

Geld ist da,

Abrechnung korrekt;


für 'ne Anleihe insgesamt ordentliche Rendite

[R-BgO]

da ich nicht auf einen squeeze-out warten will, heute meine verbliebenen Aktien verkauft

[R-BgO]

Antwort auf Beitrag Nr.: 56.295.209 von R-BgO am 28.11.17 10:42:54

bisher ist nix passiert...

übermorgen sollen HJ-Zahlen kommen

[R-BgO]

Zahlen sind für den 17.4. angekündigt

[R-BgO]

rote Null in 2018