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Photon Energy Decides to Increase 7.75% Bond 2017/2022
 

- The bond's volume will be increased by up to EUR 10 million to EUR 40 million

- The bond will be offered in a private placement to qualified investors in Germany and other countries

- Net proceeds are planned to be used to finance further acquisitions and strengthen Photon Energy's financial power

Amsterdam - 1 August 2019 - Photon Energy N.V. (WSE: PEN, ISIN NL-001039110-8, the 'Group') announces today that the Group's management board decided to increase its existing 7.75% bond 2017/2022 (DE-000A19MFH-4) by up to EUR 10 million to a total of EUR 40 million.

Additional notes issued under the 7.75% bond 2017/2022 (DE-000A19MFH-4) will be offered by Bankhaus Scheich Wertpapierspezialist AG, Frankfurt am Main, in a private placement to qualified investors in the Federal Republic of Germany and other countries except for the United States of America, Canada, Australia and Japan.

As part of the increase, all existing bond terms will continue to apply unchanged. The bond, scheduled to mature in October 2022, bears interest at 7.75% a year and pays interest on a quarterly basis.

The Group intends to use the net proceeds from the bond increase to finance further acquisitions and strengthen its financial power.

The transaction will be managed by Bankhaus Scheich Wertpapierspezialist AG, Frankfurt am Main, as the sole global coordinator.

ABOUT PHOTON ENERGY
Photon Energy N.V. is a global solar energy solutions and services company covering the entire lifecycle of solar energy systems. Additionally, its subsidiary Photon Water Technology (PWT), focuses on developing and providing water purification, remediation and treatment systems for worldwide deployment. Since its foundation in 2008, Photon Energy has built and commissioned 60 MWp of solar power plants across two continents and 39.2 MWp as part of our own portfolio. Current project development includes a project pipeline of 1.2 GWp in Australia (in partnership with Canadian Solar) and 33.0 MWp in Hungary, with a target of 75 MWp by 2022. The O&M division provides operations and maintenance services for 250 MWp worldwide. Photon Energy is headquartered in Amsterdam and has offices in Europe and Australia. For more information, please visit www.photonenergy.com.

MEDIA CONTACT

Martin Kysly
PR & Communications Manager
T +420 774 810 670
E martin.kysly@photonenergy.com

INVESTOR RELATIONS CONTACT

Joanna Rzesiewska
Investor Relations Manager
T +420 777 486 464
E ir@photonenergy.com

DISCLAIMER

This announcement is for informational purposes only and does not constitute an offer to buy, sell, exchange or transfer any securities, or the solicitation of an offer to buy any securities of Photon Energy N.V. in the United States of America or any other jurisdiction. There will be no public offering of securities of Photon Energy N.V.. The securities of Photon Energy N.V. referred to herein have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "Securities Act") and may not be offered or sold in the United States absent registration under the Securities Act. Neither Photon Energy N.V. nor any other party to the transaction described herein intends to register the securities described herein under the Securities Act or with any securities regulatory authority of any state or other jurisdiction in the United States of America in connection with this announcement. The securities may not be offered in any jurisdiction in any circumstances which require the preparation or registration of a prospectus or offer document relating to the securities in that jurisdiction.

In the United Kingdom, such information may be distributed only and is directed only at (i) professional investors within the meaning of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order"), or (ii) high net worth companies falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to herein as "Relevant Persons"). The securities are available only to Relevant Persons and any invitation, offer or agreement to subscribe for, purchase or otherwise acquire such securities will be engaged in only with Relevant Persons. Any person who is not a Relevant Person should not act or rely on this announcement or its contents.

Subject to certain exceptions under the Securities Act, the securities referred to in this announcement may not be offered or sold in Australia, Canada or Japan, or to or for the account of persons resident in Australia, Canada or Japan.

Neither Photon Energy N.V. nor any of its affiliates has taken any action that would permit a public offering of the securities or the possession or distribution of this announcement or any other offer or solicitation in connection with the securities in any jurisdiction where such action is required. In Member States of the European Economic Area ("EEA"), this announcement and any subsequent offer is directed only at persons who are "qualified investors" within the meaning of Article 2(e) of Regulation (EU) 2017/1129 ("Qualified Investors"). Any person in the Relevant Member States who acquires or is offered securities (an "Investor") in connection with an Offer is deemed to have represented and agreed to be a Qualified Investor. Each investor is further assumed to have represented and agreed that the securities it has acquired under the Offer will not be acquired for persons in the EEA other than Qualified Investors or persons in the United Kingdom or other Member States (having similar laws) for whom the investor has the discretion to make decisions and that the securities have not been acquired for offering or resale in the EEA if this would result in Photon Energy N.V. or any of its affiliates being required to publish a prospectus pursuant to Article 3 of Regulation (EU) 2017/1129.

This announcement contains forward-looking statements that are subject to certain risks and uncertainties. Future results could differ materially from those described in these forward-looking statements due to various factors, including changes in business, economic and competitive conditions, foreign exchange rate fluctuations, uncertainties in litigation or investigative proceedings and the availability of financing. Photon Energy N.V. assumes no responsibility to update any forward-looking statements contained in this release.