Amsterdam – 11 January 2021 – Photon Energy N.V. (WSE&PSE: PEN, FSX: A1T9KW) (‘Photon Energy’ or the ‘Company’), an Amsterdam-based renewable energy company delivering solar energy and clean water solutions around the world, is pleased to announce that following a successful application submitted by Baader Bank, trading of its ordinary shares has commenced on the Quotation Board of the Open Market of the Frankfurt Stock Exchange (FSX) under the identification number ‘A1T9KW’ and ISIN code NL0010391108. Trading of the shares will commence today.
‘We are pleased that the trading of our shares has commenced on the Frankfurt Stock Exchange,’ commented Georg Hotar, CEO of Photon Energy. ‘This secondary listing will broaden Photon Energy's pool of potential investors in the Eurozone looking to participate in the world’s transition to sustainable energy sources and the development of clean water solutions. This listing will enable investors to trade our shares without currency risk. We look forward to growing our presence in continental Europe as we continue to expand our portfolio of solar energy and clean water solutions.’
The FSX is one of the largest global equity markets, providing Photon Energy with access to a new pool of potential investors. The FSX has an investor base which is well acquainted with the energy sector, with a growing number of renewable companies, including solar, maintaining primary or secondary listings.
The admission to listing and trading of the Company’s shares on the Quotation Board of the FSX follows the regulated market listings of its ordinary shares on the Warsaw Stock Exchange and Prague Stock Exchange on 5 January 2021.
Photon Energy anticipates that its listing on the FSX will raise the Company’s profile among investors from the Eurozone and help stimulate the overall liquidity of the Company’s shares. The listing does not involve any issuance of new shares and was initiated by a submission from Baader Bank, a leading brokerage firm active on the Frankfurt Stock Exchange.
Photon Energy N.V. is a group of companies providing solar energy and clean water solutions to their customers around the world. Since its foundation in 2008, Photon Energy has built and commissioned over 100 MWp of solar power plants across two continents and 74.7 MWp as part of our own portfolio. It is currently developing projects with 594.6 MWp in Australia (580 MWp in partnership with Canadian Solar), 96.6 MWp in Hungary, 4.6 MWp in Poland and 97.4 MWp in Romania, and provides operations and maintenance services for over 300 MWp worldwide. In addition to that, the company is at an advanced stage of building two utility-scale PV power plants with a combined capacity of 14 MWp in Australia. The Company’s subsidiary Photon Water focuses on developing and providing clean water and remediation solutions and services around the world. Photon Energy is headquartered in Amsterdam and listed at the Warsaw, Prague and Munich Stock Exchanges. The company has offices in Europe, Australia, and South America.
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