DGAP-News
CHORUS Clean Energy AG prepares for IPO
DGAP-News: CHORUS Clean Energy AG / Key word(s): IPO
CHORUS Clean Energy AG prepares for IPO
08.06.2015 / 08:00
---------------------------------------------------------------------
THE INFORMATION CONTAINED IN THIS PRESS RELEASE IS NOT FOR DISTRIBUTION OR
DISSEMINATION TO OR WITHIN THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA
OR JAPAN.
PRESS RELEASE
CHORUS Clean Energy AG prepares for IPO
- Seeking an initial listing on the regulated market (Prime Standard) of
the Frankfurt Stock Exchange
- Issue proceeds of around EUR 100 million to be used to finance growth
- Experienced operator of solar and wind parks, with a portfolio of more
than 250 megawatts in five European countries
Neubiberg/Munich, 8 June 2015 - CHORUS Clean Energy AG ("CHORUS" or
"Company"), based in Neubiberg near Munich, a company specializing in the
operation of solar and wind power plants, seeks to list its shares on the
regulated market (Prime Standard) of the Frankfurt Stock Exchange.
Depending on the further development of the market environment, first day
of trading is planned for the beginning of the third quarter of 2015.
In connection with the Initial Public Offering (IPO), the Company plans to
issue new shares from a cash capital increase of approximately EUR 100
million, as well as to sell existing shares from individual shareholders
amounting to approximately 4.2 percent of the current share capital.
Furthermore, an over-allotment of up to 15 percent of the base offering is
planned, which will be covered by a "greenshoe" option from a further
capital increase. The Company is currently owned by the Founders and the
Management with a stake of approximately 23 percent and the remainder of
approximately 77 percent is Free Float.
The proceeds from the issuance of new shares will be used to finance
further growth of CHORUS. In particular, CHORUS plans the acquisition of
additional solar and wind parks as well as the expansion of its asset
management business line.
"By going public, we intend to strengthen our capital base and improve our
financial flexibility for further growth. For the acquisition of new solar
and wind parks, we can draw on a project pipeline in several European core
countries with a nominal capacity of more than 600 megawatts. In addition,
we intend to strengthen our market position as a full service provider for
THE INFORMATION CONTAINED IN THIS PRESS RELEASE IS NOT FOR DISTRIBUTION OR
DISSEMINATION TO OR WITHIN THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA
OR JAPAN.
PRESS RELEASE
CHORUS Clean Energy AG prepares for IPO
- Seeking an initial listing on the regulated market (Prime Standard) of
the Frankfurt Stock Exchange
- Issue proceeds of around EUR 100 million to be used to finance growth
- Experienced operator of solar and wind parks, with a portfolio of more
than 250 megawatts in five European countries
Neubiberg/Munich, 8 June 2015 - CHORUS Clean Energy AG ("CHORUS" or
"Company"), based in Neubiberg near Munich, a company specializing in the
operation of solar and wind power plants, seeks to list its shares on the
regulated market (Prime Standard) of the Frankfurt Stock Exchange.
Depending on the further development of the market environment, first day
of trading is planned for the beginning of the third quarter of 2015.
In connection with the Initial Public Offering (IPO), the Company plans to
issue new shares from a cash capital increase of approximately EUR 100
million, as well as to sell existing shares from individual shareholders
amounting to approximately 4.2 percent of the current share capital.
Furthermore, an over-allotment of up to 15 percent of the base offering is
planned, which will be covered by a "greenshoe" option from a further
capital increase. The Company is currently owned by the Founders and the
Management with a stake of approximately 23 percent and the remainder of
approximately 77 percent is Free Float.
The proceeds from the issuance of new shares will be used to finance
further growth of CHORUS. In particular, CHORUS plans the acquisition of
additional solar and wind parks as well as the expansion of its asset
management business line.
"By going public, we intend to strengthen our capital base and improve our
financial flexibility for further growth. For the acquisition of new solar
and wind parks, we can draw on a project pipeline in several European core
countries with a nominal capacity of more than 600 megawatts. In addition,
we intend to strengthen our market position as a full service provider for