Pacifico Renewables Yield AG resolves capital increase against contribution in kind of Solarpark Voßberg GmbH & Co. KG with exclusion of subscription rights

July 1, 2021

Gruenwald (01.07.2021/23:50) – Today, the management board of Pacifico Renewables Yield AG (the “Company”, ISIN: DE000A2YN371, Düsseldorf Stock Exchange: PRY), with the consent of the supervisory board, resolved to carry out a capital increase against contribution in kind by partially utilizing the statutory authorized capital of the Company with exclusion of shareholders’ subscription rights (Art. 6 par. 1, par. 2 lit. d) of the articles of association of the Company). The share capital of the Company will be increased by €73,000.00 from €3,309,766.00 to €3,382,766.00 by issuing 73,000 new no-par value bearer shares. The contribution in kind consists of the limited partner share in Solarpark Voßberg GmbH & Co. KG held by Andreas & Markus Wirth Solaranlagen GmbH & Co. KG, which accounts for the entire capital of Solarpark Voßberg GmbH & Co. KG. The capital increase and the contribution will become effective upon registration of the capital increase and its implementation in the commercial register of the Company.

Solarpark Voßberg GmbH & Co. KG holds an operational solar park with a total capacity of 7.6 MW in Letschin in Brandenburg, Germany, with an expected annual electricity production of approximately 7.6 GWh and annual sales revenues of approximately €0.9 million.

The sole authorized subscriber is Andreas & Markus Wirth Solaranlagen GmbH & Co. KG based in Waghäusel, Germany, which is indirectly held by Markus Wirth and Andreas Wirth. The 73,000 new shares will be issued at an issue price of €34.77 per share. The underlying participation agreement concluded today also provides for the existing general partner of Solarpark Voßberg GmbH & Co. KG to be replaced by a subsidiary of the Company. Furthermore, Andreas & Markus Wirth Solaranlagen GmbH & Co. KG was granted a repurchase option as of December 31, 2032, which is aligned with the term of the EEG feed-in tariff for the larger of the two park sections and was taken into account in the valuation. As part of the transaction, Markus and Andreas Wirth have made a declaration of intent for future cooperation with the Company.

On the occasion of this transaction, the Company raises its revenue guidance for the fiscal year 2021 to €18.6 million to €20.0 million and expected electricity production to 116 GWh to 128 GWh.

*************
Investor relations and media inquiries

info@pacifico-renewables.com


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 shares have already been sold.

This press release may contain certain forward-looking statements, estimates, opinions, and forecasts concerning the future business situation, earnings situation, 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” and 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 of the Management Board of Pacifico Renewables Yield AG and involve significant known and unknown risks and uncertainties, therefore actual results, performance and events may differ materially 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 in light of subsequent events or circumstances, nor will we 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 we do not assume any obligation to do so. We do not assume any responsibility whatsoever that the forward-looking statements or assumptions contained herein will occur.