Photon Energy announces the acquisition of two project companies for 2 x 1.5 MWp photovoltaic plants in Zdice
25-09-2010
The Management Board of Photon Energy on 25 September 2010 announces that on 24 September 2010 Photon Energy a.s. signed with three private individuals the agreements to acquire 100% of Onyx Energy s. r. o. and Onyx Energy projekt II s.r.o. holding all project rights for two adjacent 1.5 MWp photovoltaic projects located in the municipality of Zdice in the Central Bohemia region. The agreements were signed after all conditions set in the framework agreement signed on 4 May 2010 (see EBI report 24/2010) were met.
The total acquisition price for both companies was CZK 5.88 million (EUR 238,664 or PLN 948,765) and Photon Energy a.s. will inject a further CZK 15 million (EUR 608,890 or PLN 2.42 million) into both companies to acquire several land plots from private owners.
Photon Energy a.s. has secured all components for the two 1.5 MWp plants and will immediately initiate the construction process. The planned completion date is the end of November with grid connection in December 2010.
Photon Energy and its board members are unrelated to the three private individual sellers and the private owners from which the two project companies will acquire land plots.
Legal basis: § 3 ust.2 point no.2 of the Appendix 3 to Resolution No. 733/2009 of the Warsaw Stock Exchange Management Board dated 18 December 2009 “Current and Periodical Information in the Alternative Trading System"
The total acquisition price for both companies was CZK 5.88 million (EUR 238,664 or PLN 948,765) and Photon Energy a.s. will inject a further CZK 15 million (EUR 608,890 or PLN 2.42 million) into both companies to acquire several land plots from private owners.
Photon Energy a.s. has secured all components for the two 1.5 MWp plants and will immediately initiate the construction process. The planned completion date is the end of November with grid connection in December 2010.
Photon Energy and its board members are unrelated to the three private individual sellers and the private owners from which the two project companies will acquire land plots.
Legal basis: § 3 ust.2 point no.2 of the Appendix 3 to Resolution No. 733/2009 of the Warsaw Stock Exchange Management Board dated 18 December 2009 “Current and Periodical Information in the Alternative Trading System"
