BR-Energy PLC
BR-Energy PLC: BR-Energy PLC executes capital increase and achieves tradability
BR-Energy PLC / Key word(s): Capital Reorganisation/Temporary Suspension Pressrelease 01. November 2012 BR-Energy PLC executes capital increase and achieves tradability London/Frankfurt/Istanbul, November 01,2012: BR-Energy PLC has now executed the capital increase from EUR 500,000 up to EUR 5,000,000 with an increase of the nominal value per share from EUR 0.10 to EUR 1.00 and could thus effect the delivery of these new shares to it’s shareholders. Consequently, the trading of the shares was resumed today. ‘The tradability of the shares is of importance to our Turkish partners as it enables them to act with a reference value for the subsidiary of BR-Energy PLC, Hayat Enerji AS, Istanbul,’ explains Konstantin v. Reden-Lütcken, Director BR-Energy PLC, ‘but also for ORIENT Strategies AG the tradability has a value as it can not assess the value of it’s shareholding in BR-Energy PLC at market value. ORIENT Strategies AG has nevertheless committed itself not to sell it’s shares in BR-Energy PLC over the stock market.’ In the meantime, Hayat Enerji AS has already overtaken it’s original planning. By agreeing to acquire 50% in Clean World Anerji AS, Antalya, Hayat Enerji AS has taken over a substantial shareholding in an active producer of solar modules. This saves Hayat Enerji AS at least one year of building such a production facility. BR-Energy PLC, Hayat Enerji AS and Clean World Enerji AS intend to jointly expand the business of Clean World Enerji AS and to take advantage of synergies offered by the companies. About BR-Energy PLC BR-Energy PLC is a holding focussing on companies in the field of renewable energy and environmental technology. It is the aim of BR-Energy PLC to act as a financing tool for it’s partners and subsidiaries to generate capital for their projects and strategic expansion. One of the major shareholders of BR-Energy PLC is ORIENT Strategies AG, Switzerland, holding 49%. Contact Company: BR-Energy PLC Phone: +44 20 358 22 446 mail: info@br-energy.com Contact Press: ORIENT Strategies AG phone: +41 43 508 22 15 End of Corporate News 01.11.2012 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, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
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