Pacifico Renewables Yield AG successfully issues new shares worth EUR 17.5 million and broadens its shareholder base

April 27, 2020

Grünwald, April 27, 2020 – Pacifico Renewables Yield AG (ISIN:DE000A2YN371) successfully placed 795,455 new shares in a private placement for EUR 22.00 each following an increase in the original placement volume. The company was able to attract renowned institutional investors and to significantly increase its free float.

Today, the company’s management board, with the consent of the supervisory board decided to increase the company’s share capital by EUR 795,455 to EUR 1,930,455. The decision followed a private placement which started on April 22, 2020. Due to high demand, the initially announced volume of 450,000 shares was significantly upsized; yet additional interest from investors was received. The company is pleased to have attracted renowned institutional investors as new shareholders. In addition, the successful increase of the free float is a key step to further development the company’s open market listing.

Management board member Dr. Martin Siddiqui stated: “Our first capital increase as a listed stock company has been very well perceived despite the current economic environment. To us, this is nothing but a proof of concept for our business model, our strategy and encourages us to pursue our ambitious growth path.”

The company’s majority shareholder, Pelion Capital GmbH via its fully-owned subsidiary Pe-lion Alpha GmbH, confirmed its commitment as strategic anchor investor with a participation of EUR 10.4 million in this capital increase.

The proceeds of ca. EUR 17.5 million will be used to further grow the company’s onshore wind and photovoltaic portfolio, in particular to finance the recently signed acquisition of eight operational photovoltaic plants in Germany with an installed capacity of 21.2 MW.

Management board member Christoph Strasser added: “This additional financial flexibility will enable us to complement our growth plans with attractive secondary market transactions. Based on our strategic partner’s significant progress with large development projects, we are optimistic that we will be able to offer further investment opportunities in the nearer future.”

 

About Pacifico Renewables Yield AG

Pacifico Renewables Yield AG is an Independent Power Producer listed on the open market (Freiverkehr) of the Dusseldorf Stock Exchange (ISIN: DE000A2YN371). The company pursues the goal of building a portfolio of plants that generate electricity from renewable energy sources. With onshore wind and photovoltaic plants across Europe the company offers a clear and diversified profile with stable and predictable returns.

 

Disclaimer

This announcement may not be published, distributed or transmitted, directly or indirectly, in the United States of America (including its territories and possessions), Canada, Japan or Australia or any other jurisdiction where such announcement could be unlawful. The distribution of this announcement may be restricted by law in certain jurisdictions and persons who are in possession of this document or other information referred to herein should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

This announcement does not constitute an offer of, or a solicitation of an offer to purchase, securities of Pacifico Renewables Yield AG or of any of its subsidiaries. The private placement has been completed. Neither this announcement nor anything contained herein shall form the basis of, or be relied upon in connection with, an offer in any jurisdiction. The securities offered will not be and have not been 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 or an applicable exemption from the registration requirements under the Securities Act.

In the United Kingdom, this announcement is only directed at persons who (i) are investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the “Order”) or (ii) are persons falling within Article 49(2)(a) to (d) of the Order (high net worth companies, unincorporated associations, etc. (all such persons together being referred to as “Relevant Persons”)). This document must not be acted on, or relied upon, by persons who are not Relevant Persons. In the United Kingdom, any investment or investment activity to which this document relates is available only to Relevant Persons and will be engaged in only with Relevant Persons.

In member states of the European Economic Area the placement of securities described in this announcement is directed exclusively at persons who are “qualified investors” within the meaning of Article 2(e) of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 (Prospectus Regulation).

No action has been taken that would permit an offering or an acquisition of the securities or a distribution of this announcement in any jurisdiction where such action would be unlawful. Persons into whose possession this announcement comes are required to inform themselves about and to observe any such restrictions.

This announcement does not constitute a recommendation concerning an investment in shares of the company. Investors should consult a professional advisor as to the suitability of the shares of the company for the person concerned.

This document may contain certain forward-looking statements, estimates, opinions, and forecasts concerning the future business situation, profitability, and results of Pacifico Renewables Yield AG (“forward-looking statements”). Forward-looking statements can be identified by words such as “believe”, “estimate”, “anticipate”, “expect”, “intend”, “will”, or “should”, as well as their negation and similar variations or comparable terminology. Forward-looking statements include all matters that are not historical facts. Forward-looking statements are based on the current opinions, forecasts, and assumptions made by the Manage-ment Board of Pacifico Renewables Yield AG and involve substantial known and unknown risks and uncertainties, and therefore actual results, performance, and events may differ substantially from those expressed or implied by forward-looking statements. Forward-looking statements contained herein should not be construed as guarantees of future performance or results and are not necessarily reliable indicators of whether or not such results will be achieved. The forward-looking statements contained in this release are only valid on the date of this publication. We will not update the information, forward-looking statements, or conclusions contained in this release to reflect subsequent events or circumstances, or correct inaccuracies that arise after the date of this release as a result of new information, future developments, or otherwise, and do not assume any obligation to do so. We do not assume any responsibility in any way for the forward-looking statements or assumptions contained herein.

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