19.09.2016
Energiekontor AG DE0005313506
DGAP-News: Energiekontor AG: following private placement of share packages of the founders Günter Lammers and Dr Bodo Wilkens, free float increases to 42.9 percent
DGAP-News: Energiekontor AG / Key word(s): Miscellaneous
Energiekontor AG: following private placement of share packages of the
founders Günter Lammers and Dr Bodo Wilkens, free float increases to 42.9
percent
19.09.2016 / 15:48
The issuer is solely responsible for the content of this announcement.
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Energiekontor AG: following private placement of share packages of the
founders Günter Lammers and Dr Bodo Wilkens, free float increases to 42.9
percent
- Founding shareholders Günter Lammers and Dr Bodo Wilkens each sell 7.0
percent of the Energiekontor AG shares to several institutional
investors via private placement
- Transaction increases free float of Energiekontor AG to 42.9 percent
and paves the way for higher liquidity of the shares
- Together, the Company founders now hold 57.1 percent - currently no
further share sales planned
- Expansion of the shareholder structure will increase the attractiveness
of the shares
Bremen, 19 September 2016. Günter Lammers and Dr Bodo Wilkens, the two
founders and shareholders of Energiekontor AG (ISIN DE0005313506), each
sold about 7.0 percent of the Energiekontor AG shares to several
institutional investors via private placement. The transaction increases
the percentage of Energiekontor AG's free float to 42.9 percent. The two
Company founders each hold on to about 28.6 percent (corresponding to a
total of 57.1 percent) of the Company's shares and thus continue to be
anchor shareholders of Energiekontor AG. The composition of the Supervisory
Board remains unchanged.
Peter Szabo, CEO of Energiekontor AG, comments: "Many institutional
investors with whom we have spoken in recent years are very interested in
the shares of Energiekontor. The low free float and the corresponding
relatively low trading volume, however, prevented many investors from
acquiring an interest in the Company. By selling part of their shares, the
founders are now also allowing other capital market participants to buy the
stock. We are pleased that the sale will expand our shareholder structure
and increase the free float. Firstly, this can improve the liquidity of our
shares. And secondly, this is bound to increase the visibility of
Energiekontor on the capital market and make the shares more attractive."
Günter Lammers explains the reasons for selling the shares: "As Company
founders, my private assets and those of Dr Bodo Wilkens are largely tied
up in Energiekontor AG. The aim of the transaction was to diversify our
private assets more strongly and to simultaneously increase the free float
of Energiekontor AG. We are convinced that the Company's new growth
strategy will lead to success. By selling part of our shares we want to
allow other, non-strategical investors to participate in this success,
thereby expanding the number of shareholders. We will continue to support
the Company development with the same commitment as before."
Dr Bodo Wilkens adds: "We are keeping our roles as anchor investors. We are
still convinced of the positive prospects of renewable energies and
Energiekontor AG's excellent positioning as an international project
developer and operator of wind farms and solar parks within this industry.
As founders and Supervisory Board members, we fully back the Company
strategy. By pushing ahead with innovative ideas and enhancement measures,
Energiekontor makes an important contribution to the realisation of 100%
energy supply via renewables. The more profitable the renewable energy
sources are, the faster the share of renewables in the entire energy supply
can be increased."
Peter Szabo elaborates: "Energiekontor AG's strategy combines innovation
and efficiency in order to offer the most profitable solutions in the field
of European onshore wind and solar energy. This gives us an excellent
market position in Europe and enables us to benefit sustainably from the
changed regulatory framework for renewable energies. Our international
growth strategy aims at expanding existing markets and tapping into new
markets. To date we are active in Germany, the Netherlands, England, Wales,
Scotland and Portugal, while we are tapping into France and the US. Our
main success factors and competitive advantages are based on our
decentralised organisational structure with strong local teams as well as
on the financial stability of our business model that can rely on
continuous cash flows from power generation in Group-owned wind farms."
In the 2015 financial year, the total output of Energiekontor AG rose by 31
percent from EUR 160.5 million to EUR 210.1 million, while earnings before
interest and tax (EBT) increased by 36 percent to EUR 29.7 million.
Provided all the projects planned in 2016 can be commissioned and sold as
scheduled, the Management Board expects the current 2016 financial year to
see a similar or slightly higher earnings level than in 2015.
About Energiekontor AG:
For the last 25 years, Energiekontor has stood for a sound approach to
business and a wealth of experience in wind power. Formed in Bremerhaven in
1990, the Company was one of the pioneers in the industry and is now one of
the leading German project developers. The Company's core business covers
the planning, construction and operational management of wind farms in
Germany and abroad, and was expanded to include solar power in 2010. In
addition, Energiekontor also currently owns and operates 33 wind farms with
a total rated power of around 269 megawatts (MW).
In addition to its headquarters in Bremen, Energiekontor also maintains
offices in Bremerhaven, Hagen im Bremischen, Aachen, Bernau (near Berlin),
Dortmund and Neubrandenburg. The Company also has subsidiaries in England
(Leeds), Scotland (Glasgow), Portugal (Lisbon) and the Netherlands
(Nijmegen). Our track record speaks for itself: 102 wind farms completed
with around 580 turbines and a total rated power of just under 850 MW. This
corresponds to an investment volume of over EUR 1.3 billion.
The Company went public on 25 May 2000. Energiekontor AG (WKN 531350/ISIN
DE0005313506) is listed in the General Standard segment of the Frankfurt
Stock Exchange and the Energiekontor shares can be traded on all German
stock exchanges.
Contact:
Investor Relations/Press
Dr Stefan Eckhoff
Phone: (+49-421) 3304-0
Email: [email protected]
Energiekontor AG / Reuters: EKT / ISIN: DE0005313506
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19.09.2016 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
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Language: English
Company: Energiekontor AG
Mary-Somerville-Straße 5
28359 Bremen
Germany
Phone: 04 21/33 04-0
Fax: 04 21/33 04-4 44
E-mail: [email protected]
Internet: www.energiekontor.de
ISIN: DE0005313506
WKN: 531350
Listed: Regulated Market in Frankfurt (General Standard);
Regulated Unofficial Market in Berlin, Dusseldorf,
Hamburg, Munich, Stuttgart, Tradegate Exchange
End of News DGAP News Service
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503113 19.09.2016
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