Saran, 29 October 2008
Aérowatt today announced the final terms of the offer (the "Offer") for new shares issued for the admission of its stock to be traded on the Euronext Paris Alternext as part of:a public offer in France carried out in the form of an open price offer mainly aimed at individual investors, which ended on 27 October 2008 (17:00); and an overall investment mainly aimed at institutional investors including an investment in France and an international private investment in certain countries excluding, in particular, the USA, which ended on 27 October 2008 (17:00).
Terms of the OfferThe price per share is fixed at 39 euros. The number of new shares available on the market is 193,418 of which 801 shares as part of the Open Price Offer (OPO). The sum subscribed as part of the underwriting commitment represents 7,500,000 Euros. The gross income from the Offer is 7,543,302 euros and the net proceeds of the Offer are estimated at 6,800,000 Euros. The trading of Aérowatt shares will start on 31 October 2008 on the Euronext Paris Alternext market. Payment and delivery will take place on 31 October 2008. The over-allocation option initially planned will not be exercised and no stabilising operation will be carried out on the Aérowatt shares.
Jérôme Billerey, Chairman of the Aérowatt Board, said with regard to the operation:
"I would like to thank all the current Aérowatt shareholders for the trust that they show in us and would like to welcome the new shareholders. The income from the increase in capital will enable us to continue our growth in two priority development areas, namely wind and solar power."
NATIXIS acts in its capacity as a Listing sponsor, Overall Coordinator, leading bank and bookkeeper.
Crédit du Nord acts in its capacity as co-leading bank.
|About Aérowatt||ISIN Code FR0010396119
Independent producer of green energy from renewable sources both in mainland France and in overseas territories, Aérowatt handles all the stages in the development of a power plant, from site selection to electricity generation.
Owner and operator of 21 wind farms representing 57 MW as well as of 11 solar farms representing 1,5 MWp on June 30th 2008, Aérowatt has a wind project portfolio of 1,240 MW and a solar project portfolio of over 110 MWp which will enable it to operate, for its own account, 350 MW in wind power and 50 MWp in solar energy by end-2013.
In 2007, Aérowatt generated sales of ¤7.1m, up 57% from 2006, and had at end of 2007 33 employees, of which 15 are dedicated to project development.
+33 2 38 88 64 64
|Arielle Dufour - Anne-Catherine Bonjour
+33 1 53 67 36 36
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This press release must not be published, transmitted or distributed, directly or indirectly, in the United States, Canada, or Japan. This press release, and the information contained in it, does not constitute a sale or subscription offer, nor a solicitation for a purchase or subscription order, of Aérowatt shares in any country. No offer of Aérowatt shares has been, nor will be, made in France prior to obtaining an AMF visa on the prospectus composed of the registration document ("document de base"), the focus of this press release, and a "note d'opération" (containing the prospectus summary) that will be subsequently submitted to the AMF.
This press release does not constitute a securities offering or any other purchase solicitation of securities in the United States. Securities cannot be offered or sold in the United States until subsequent to a registration in accordance with the 1933 US Securities Act, as amended, or within an exemption from this registration requirement. Aérowatt does not intend to proceed with the registration of its Aérowatt shares under the 1933 US Securities Act, as amended, or to make a public offering in the United States.
This press release is intended solely for those persons who (i) are not located in the United Kingdom, (ii) have professional experience in investment matters, (iii) are persons in compliance with the enactments in Article 49(2)(a) to (d) (high net worth companies, unincorporated associations, etc.) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 as amended.
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