Greenvironment is taking steps to move to Entry Standard
(firmenpresse) - Berlin, 14th February 2012 – With regard to the announcement made by Deutsche Boerse on 6 February 2012 regarding a potential closing of the First Quotation Board of the Open Market of the Frankfurt Stock Exchange, expected in the third quarter of 2012, Greenvironment Plc (WKN: A1JLT1 / Symbol: GIV1) confirms that several months ago ICF Kursmakler AG was hired and paid to accompany the move of Greenvironment to Entry Standard.
The Xetra trading specialists of Silvia Quandt & Cie. AG (www.silviaquandt.de) already support the designated sponsor biw Bank für Investments und Wertpapiere AG thus enabling a continuous Xetra trading of Greenvironment shares.
Furthermore, the preparation of a securities prospectus was left in the capable hands of a reputable law firm in Frankfurt. Greenvironment has therefore initiated all necessary measures to execute the move to Entry Standard in the first half of 2012.
As part of the segment change transparency will also increase. This includes for instance the publication of semi-annual reports. Greenvironment Plc will publish preliminary figures for the current fiscal year, which ends on 29th February 2012, probably in April 2012. Prior to the publication of these figures, a so-called “quiet period" applies.
Matti Malkamäki, CEO of Greenvironment Plc, said: "We are currently in the process of aligning the company in order to make it less dependent from upcoming changes in the EEG. Because of this, we will put our focus increasingly on CHP projects, where microturbines are burning natural gas or associated petroleum gas. The collaboration with our strong partners, such as RWE and Dalkia (Poland), shows promising results."
"The industries which are particularly interesting to Greenvironment are the ones that have high thermal loads and a need for high temperatures during the production process. Among these we find the beverage and, food production industry, the chemical industry and steel producers. In these sectors microturbines can play out its strengths at the best; and according to statements by our partners are virtually unrivaled at power levels from 400 kW. Due to this, our industrial sales are fortunately moving our order volumes in regions from one megawatt upwards. Our current order backlog still stands at a very high level," adds Mr. Malkamäki.
About Greenvironment
Greenvironment is a European company active in the decentralized energy generation market which plans, builds and operates cogeneration heat and power plants (CHP). The company offers CHP plants in a power range of 30 kWel to 4 MWel and is a market leader in the use of innovative microturbine technology in electricity generation from biogas and natural gas. Greenvironment is an important distribution and technology partner of Capstone Turbine Corp. (Nasdaq: CPST), the world-market leader in the production of microturbines.
Microturbines benefit from high availability, low maintenance requirements, low emissions, favourable EEG and KWKG bonus compensation and flexible heat utilization. All Greenvironment CHP plants are operated by a highly efficient centralized process management system at the operations centre in Berlin. See also the new CEO Blog in the investor relations sections of our website www.greenvironment.com.
For further information:
Michael Gawenda
CFO Greenvironment Plc
Tel.:+49 (0)30 311 6712 30
Fax:+49 (0)30 311 6712 59
E-Mail: IR(at)greenvironment.com
LEGAL DISCLAIMER
This publication serves information purposes only and constitutes neither an offer to sell nor a solicitation to buy any securities of Greenvironment Plc. This press release contains forward-looking statements based on the beliefs of Greenvironment management. When used in this press release, words such as "anticipate", "believe", "estimate", "expect", "intend", "plan" and "project" are intended to identify forward-looking statements. Such statements reflect the views of Greenvironment as of the date made with respect to future events and are subject to risks and uncertainties. Many factors could cause actual results to be materially different from those projected here, including, among others, changes in general economic and business conditions, changes in currency exchange rates and interest rates, introduction of competing products, lack of acceptance of new products or services and changes in business strategy. Greenvironment disclaims any intention or obligation to update these forward-looking statements.
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Datum: 14.02.2012 - 10:00 Uhr
Sprache: Deutsch
News-ID 114121
Anzahl Zeichen: 4749
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Wien
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Business News
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