General info

The company was established by four founding shareholders, including two current controlling shareholders i.e. Georg Hotar and Michael Gartner, on 29 October 2007. Photon Energy a.s. was registered by the Commercial Registry on 10 January 2008 with the founding capital of € 0.08 million (CZK 2 million).

In 2009 the founding shareholders commenced preparation of the fund-raising via private placement of Photon Energy’s shares. The private placement was completed in September 2009. During the private placement 3 million of new shares were issued and Photon Energy raised € 0.60 million (CZK 16 million) in equity. Since then the share capital amounts to CZK 2.3 million and consists of 23 million ordinary, bearer shares with a nominal value of CZK 0.10 each. There were no changes to the share capital since the aforementioned private placement.

In October 2009, the Company shares were dematerialized and deposited in the Central Polish Depository of Shares (KDPW). All shares were admitted to trading on NewConnect, which is an alternative system of trading organized by the Warsaw Stock Exchange in Poland. Photon Energy was the first, foreign listed company on NewConnect. Since March 2010, Photon Energy has been included in the NewConnect Lead index, which represents the companies of the highest quality and quantity standards, aspirating to be listed on the main market of the Warsaw Stock Exchange.

In 2011, Photon Energy commenced preparations to be listed on the main market of the Warsaw Stock Exchange.