DGAP-News

Photon Energy Group Increases 6.50% Green EUR Bond 2021/2027 to 55 Million Euros

DGAP-News: Photon Energy NV / Key word(s): Bond/Issue of Debt Photon Energy Group Increases 6.50% Green EUR Bond 2021/2027 to 55 Million Euros 24.11.2021 / 09:03 The issuer is solely responsible for the content of this announcement. Inside information pursuant to Article 17 MAR (public disclosure)

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Photon Energy Group Increases 6.50% Green EUR Bond 2021/2027 to 55 Million Euros

Amsterdam - 24 November 2021 - Photon Energy N.V. (WSE&PSE: PEN, FSX: A1T9KW, ISIN: NL0010391108) ('Photon Energy Group', the 'Company' or the 'Issuer') has announced that the management board of the Company adopted resolutions authorising an increase of the aggregate principal amount of the 6.50% EUR Bond 2021/2027 (DE000A3KWKY4) by up to 5 million euros to a total of up to 55 million euros as a result of the high acceptance rate of the exchange offer and strong demand by institutional investors for the new issue. The additional 6.50% Bonds 2021/2027 to be issued are to be purchased by a supranational qualified investor as part of a private placement.

The Company intends to use the net proceeds of the transaction for financing and expanding eligible assets in accordance with its Green Financing Framework.

Bankhaus Scheich Wertpapierspezialist AG, Frankfurt am Main, acted as Sole Global Coordinator and Bookrunner of the bond placement. Multinational law firm Pinsent Masons acted as legal advisor on the transaction.

Learn more about Photon Energy Group's Green EUR Bond 2021/2027 here.

About Photon Energy Group - photonenergy.com

Photon Energy Group delivers solar energy and clean water solutions around the world. Its solar power services are provided by Photon Energy; since its foundation in 2008, Photon Energy has built and commissioned solar power plants with a combined capacity of over 110 MWp and has power plants with a combined capacity of 89.3 MWp in its proprietary portfolio. It is currently developing projects with a combined capacity of over 890 MWp in Australia, Hungary, Poland and Romania and provides operations and maintenance services for over 330 MWp worldwide. The group's second major business line, Photon Water, provides clean water solutions including treatment and remediation services, as well as the development and management of wells and other water resources. Photon Energy N.V., the holding company for Photon Energy Group, is listed on the Warsaw, Prague and Frankfurt Stock Exchanges. The company is headquartered in Amsterdam, with offices across Europe and in Australia.