THÉOLIA
THÉOLIA: Fund-raising Success, New Appointments to the Board, Further Expansion Beyond France
Corporate-news transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Theolia Update: Fund-raising Success, New Appointments to the Board,
Further Expansion Beyond France
Capital increase of over €55 million a resounding success
In concert with the BNP Paribas and Société Générale banks, Theolia has
successfully raised 55 million Euros in two phases:
Phase 1: Issue of 2,779,898 new shares with rights to preferential
allotment at a price of €9 per share, constituting gross capital raised in
the amount of €25,019,082. This first public increase in capital was over
314% subscribed in February; followed by:
Phase 2: Issue of 3,333,310 new shares reserved for GO Capital at a price
of €9 per share, constituting gross capital raised in the amount of
€29,999,790. This second increase reserved for a single, highly qualified
investor was the subject of resolutions approved by more than 98% of the
shareholders at the General Meeting on 14 April 2006.
GO Capital buys into Theolia
GO Capital Asset Management B.V. is a Dutch company that manages Global
Opportunities, a long/short equity hedge fund set up in September 2000 to
invest in European securities. Global Opportunities’ investment strategy
aims at concentrating its portfolio and investing at least 5% of its assets
in each position. The EuroHedge Awards 2005 recently named it “fund of the
year” in the category of European securities (of more than €500m). Theolia
is delighted to have this major European investor buying into the company.
Management structure
In order to expedite decision-making processes, the Theolia management had
proposed transforming its organizational structure from that of a société
anonyme à Directoire et Conseil de Surveillance (i.e. public limited
company with executive and supervisory boards) to a form of management by
Conseil d’Administration (Board of Directors). A resolution to this effect
was approved by more than 99% of the shareholders at the General Meeting on
14 April 2006.
The President’s new European team
With a view to reinforcing its Board of Directors and rounding it out with
the know-how and abilities of new members, the management nominated several
candidates with complementary profiles at the General Meeting on 14 April
2006:
Mr Louis FERRAN (Swiss)
Mr Stéphane GARINO (Monaco)
Mr George HERSBACH (Dutch)
Mr Arne LORENZEN (Danish, Group employee)
Mr Philippe PERRET (French, Group employee)
Mr Eric PEUGEOT (French)
Mr Jacques PUTZEYS (Belgian, branch director) and
Mr Jean Marie SANTANDER (French, co-founder of Theolia).
All the above were appointed to Theolia’s Board of Directors by more than
99% of the shareholders.
At the first ensuing meeting of the Board, Mr Jean Marie Santander was
unanimously appointed Chairman of the Board of Directors and Managing
Director of Theolia.
Mr Jean Marie Santander, Chairman and Managing Director: “We now have the
means to step up the pace of expansion into various European countries.
Several operations are in progress, others still under negotiation. We will
shortly put out a list of Theolia’s various power plants in Europe. Our
Group intends to grow rapidly into a leading European producer of
electricity using renewable energy sources.”
(c)DGAP 24.04.2006
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language: English
emitter: THEOLIA
1025 rue René Descartes
13799 AIX-EN-PROVENCE CEDEX 3 Frankreich
phone: + 33 4 42 904 909
fax: + 33 4 42 904 905
email: philippe.perret@theolia.com
WWW: www.theolia.com
ISIN: FR0000184814
WKN: A0B550
indexes:
stockmarkets: Freiverkehr in Berlin-Bremen, München; Open Market in
Frankfurt
End of News DGAP News-Service
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