NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN OR SOUTH AFRICA
INDEPENDENT FINANCIAL EXPERT RENDERS FAIRNESS OPINION.
THEOLIA'S BOARD OF DIRECTORS GRANTS UNQUALIFIED APPROVAL TO THE FINANCIAL RESTRUCTURING PLAN
The THEOLIA Board of directors met and reviewed the final version of the fairness opinion prepared by Ricol Lasteyrie, which was appointed by the Board as independent financial expert in connection with the proposed financial restructuring announced to the market on December 29, 2009.
This final report confirms the preliminary conclusions, presented by Ricol Lasteyrie to the Board on December 21, 2009, which served as the basis for the Board's acceptance of the financial restructuring plan on December 28, 2009. The report confirms that the proposed financial restructuring is in the interest of all concerned parties, including THEOLIA, its shareholders and the bondholders, and concludes to the fairness of the financial restructuring from both the shareholders' and the bondholders' points of view.
On the basis of this final report, the THEOLIA Board has given its final and unqualified approval of the proposed financial restructuring. It will shortly be convening both the bondholder and shareholder General Meetings which will be asked to approve the financial restructuring.
The December 29, 2009 presentation and press release outlining the financial restructuring proposal are available on the Company's website: www.theolia.com. Ricol Lasteyrie's report (in French) will also be available on THEOLIA's website as of tomorrow January 22, 2010; an English translation being made available at a later date.
THEOLIA is an independent international developer and operator of wind energy projects. THEOLIA is active primarily in France, Germany and Italy, and also in India, Brazil and Morocco. THEOLIA trades on the compartment B of Euronext Paris, regulated market of NYSE Euronext, under the symbol TEO. The THEOLIA stock is part of in the CAC Small 90 index.
For more information
Edward F. McDonnell
Director of Investor Relations
Tel: +33 (0)4 42 906 594
+44 (0) 7899 066 995
+44(0) 2079 202 347 dAncona@mcomgroup.com
French Société Anonyme (public limited company with Board of Directors) with share capital of ¤39,895,207
Registered office: 75 rue Denis Papin BP 80199 - 13795 Aix-en-Provence cedex 3 - France
Tel: +33 (0)4 42 904 904 - Fax: +33 (0)4 42 904 905 - www.theolia.com
THEOLIA is listed on the compartment B of Euronext Paris, code: TEO
This announcement does not constitute or form part of any offer or invitation to purchase, otherwise acquire, subscribe for, sell, otherwise dispose of or issue, or any solicitation of any offer to sell, otherwise dispose of, issue, purchase, otherwise acquire or subscribe for, any security in the capital of THEOLIA in any jurisdiction.
This announcement is not an offer of securities for sale in the United States. No securities of THEOLIA have been or will be registered under the US securities act of 1933, as amended (the ''securities act''), or under the securities legislation of any state or other jurisdiction of the United States. Accordingly, the securities of THEOLIA may not be offered, sold taken up, exercised, resold, renounced, transferred or delivered, directly or indirectly, in or into the united states absent registration under, or an exemption from, the registration requirements of the securities act and in compliance with any relevant state securities laws. There will be no public offer of the securities of THEOLIA in the United States.
Neither this announcement (including and any materials distributed in connection with this announcement) nor any part or copy of it may be released, published or distributed in or into the United States, Australia, Canada, Japan or South Africa or any other such jurisdiction where to do so would constitute a violation of the relevant laws of such jurisdiction. Any failure to comply with this restriction may constitute a violation of the securities laws of the United States, Australia, Canada, Japan or South Africa. The distribution of this announcement in other jurisdictions may be restricted by law and persons into whose possession this announcement comes should inform themselves about, and observe, any such restrictions.Information non réglementée
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