Jadeberg Partners AG
CLEANTECH INVEST AG receives SiC Processing AG exit proceeds
Cleantech Invest AG / Disposal/Miscellaneous 25.08.2010 18:02 Dissemination of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. --------------------------------------------------------------------------- - 95% of pro rata exit proceeds received by Cleantech Invest AG - Remaining 5% of exit proceeds are expected within next 8 months - Cash and cash equivalents as of 20th August 2010 amount to more than 6.0m EUR (translating to 0.57 EUR per share) St. Gallen, 25. August 2010 - CLEANTECH INVEST AG (ISIN: CH0034183175, Ticker Frankfurt: 4CT, Ticker Berne: CTI, www.cleantech-invest.ch) - a Berne and Frankfurt Stock Exchange listed Growth Capital Fund focusing on Clean Technology Investments in the German-speaking region - announces that it has received the majority of proceeds from its SiC Processing AG exit. After all closing conditions of the transaction have been met and clearance from cartel authorities has been received, Cleantech Invest AG obtained 95% of the stipulated exit proceeds. In the Half Year Report 2010 of Cleantech Invest AG these proceeds were still shown as Receivables. The remaining 5% of exit proceeds are expected within the next 8 months, subject to additional purchaser claims. As of 20th August 2010 cash and cash equivalents of Cleantech Invest AG exceeded 6.0m EUR, translating to 0.57 EUR per share. Cleantech Invest AG had been a shareholder of SiC Processing AG for almost three years. Through the purchase of additional shares from an existing shareholder, Cleantech Invest AG had been able to double its stake in SiC Processing AG in summer 2009 - making it the largest investment in its portfolio. In June 2010 Nordic Capital Fund VII signed a contract to take over the majority of SiC Processing AG. SiC Processing is a leading supplier in the recovery and processing of sawing slurry in silicon wafer production. Its headquarters are located in Hirschau, Germany and the company runs production facilities in Germany, Norway, Italy, China and the USA. About Cleantech Invest AG Cleantech Invest AG (www.cleantech-invest.ch, ISIN: CH0034183175, Ticker Frankfurt: 4CT, Ticker Berne: CTI) headquartered in St. Gallen, Switzerland, is a stock exchange listed Growth Capital Fund focusing exclusively on clean technology and renewable energy. Cleantech Invest AG invests in established and growing companies in the field of renewable energy, environmental and climate protection. About Mountain Cleantech AG Mountain Cleantech AG (www.mountain-cleantech.ch) headquartered in Wädenswil/ Zurich, Switzerland, is the Investment Advisor of Cleantech Invest AG. Mountain Cleantech AG was founded in the beginning of 2007. The native German-speaking Investment Team combines extensive Cleantech, Corporate Finance and Growth Capital investing experience. The team has been managing its first fund Cleantech Invest AG since 2007. Jürgen Habichler Phone: +41 44 78 38 041 Email: contact@cleantech-invest.ch Internet: www.cleantech-invest.ch 25.08.2010 Ad hoc announcement, Financial News and Press Release distributed by DGAP. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------------- Language: English Company: Cleantech Invest AG Dufourstr. 121 9001 St. Gallen Schweiz Phone: +41 44 78 38 041 Fax: +41 44 78 38 040 E-mail: contact@cleantech-invest.ch Internet: www.cleantech-invest.ch ISIN: CH0034183175 Swiss Security Number: A0M1SE Listed: Open Market in Frankfurt; Foreign Exchange(s) BX End of News DGAP News-Service ---------------------------------------------------------------------------
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