DGAP-News: European CleanTech I SE publishes details regarding additional consideration to support the business combination - Supplement to proxy statement published
(firmenpresse) - DGAP-News: European CleanTech 1 S.E. / Key word(s): Mergers&Acquisitions
European CleanTech I SE publishes details regarding additional
consideration to support the business combination - Supplement to
proxy statement published
18.09.2012 / 17:40
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Luxembourg, September 18, 2012 - European CleanTech I SE (ECT I), a Special
Purpose Acquisition Company (SPAC) listed on the regulated market of the
Frankfurt Stock Exchange (Prime Standard), announced today that its
shareholder European CleanTech I Holding S.àr.l. has decided to offer to
all public shareholders of ECT I that registered for the upcoming
extraordinary general shareholders' meeting scheduled for September 28,
2012, a certain number of class B shares as consideration for their support
of the planned business combination of ECT I with the Electrawinds Group to
be approved in such shareholders' meeting. In addition, several third
party investors have indicated to ECT I their potential willingness to
acquire a certain number of public shares from shareholders that tendered
their shares for redemption by ECT I against payment of the redemption
price (within the meaning of article 17 of the articles of association of
ECT I).
Details of the offer of European CleanTech I Holding S.àr.l. and the terms
of a potential acquisition of public shares by third party investors are
described in a supplement to the proxy statement of May 2, 2012 published
today by ECT I, which is available on ECT I's website under www.ectse.com.
European CleanTech I SE
European CleanTech I SE is a Special Purpose Acquisition Company (SPAC),
which was founded with the sole objective to purchase a company operating
in the cleantech sector with main operations in the European eco-nomic
area. Within the context of the IPO in October 2010, ECT I raised EUR 115
million from institutional inves-tors and has been listed since then in the
regulated market (Prime Standard) of the Frankfurter Stock Exchange. ECT I
has 24 months after the IPO to complete a business combination. The company
has its headquarters in Luxembourg. Main sponsors are Dr. Helmut Vorndran
and Willi Mannheims, both supervisory board members of ECT I and managing
partners of Vorndran Mannheims Capital Partners, a private equity fund
focused on the cleantech sector. www.ectse.com
End of Corporate News
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18.09.2012 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
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Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: European CleanTech 1 S.E.
40, Avenue Monterey
2163 Luxembourg
Grand Duchy of Luxembourg
Phone: +352 27 449878
Fax: +352 27 449879E-mail: info(at)ectse.com
Internet: www.ectse.com
ISIN: LU0538936351, LU0538952044
WKN: A1C4HF, A1E016
Listed: Regulierter Markt in Frankfurt (Prime Standard)
End of News DGAP News-Service
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185688 18.09.2012
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european-cleantech-i-se-publishes-details-regarding-additional-consideration-to-support-the-business-combination
supplement-to-proxy-statement-published
Unternehmensinformation / Kurzprofil:
Datum: 18.09.2012 - 17:40 Uhr
Sprache: Deutsch
News-ID 184526
Anzahl Zeichen: 4329
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