NOT FOR DISTRIBUTION OR RELEASE, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, HONG KONG OR JAPAN OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.
Scatec Solar ASA intends to apply for a listing on the Oslo Stock Exchange
Oslo, 26 August 2014: Scatec Solar ASA (“Scatec Solar” or the “Company”), a leading integrated independent solar power producer, announces today its intention to apply for a listing on the Oslo Stock Exchange and to conduct an initial public offering (“IPO”) of the Company’s shares in connection with the contemplated listing.
The key objective of the contemplated listing is to increase the Company’s access to capital and raise equity to support further growth.
“Solar electricity will continue to gain market share in the years to come, and Scatec Solar is uniquely positioned to enjoy rapid growth as an independent solar power producer. Our strong track record paired with a sizable project backlog and pipeline, will enable us to generate attractive returns to our current and future shareholders, says Raymond Carlsen”, CEO.
“The contemplated listing of Scatec Solar marks the commencement of a new and exciting era for the Company. We are very optimistic about the future growth prospects and look forward to welcoming new shareholders aboard”, says John Andersen, Jr., Chairman of Scatec Solar.
ABG Sundal Collier Norge ASA and Carnegie AS have been retained as Joint-Lead Managers and Joint Bookrunners in connection with the listing and contemplated offering.
Further announcements relating to the process will be made in due course.
For more information, please contact:
Mr. Raymond Carlsen, CEO, tel: + 47 454 11 280, raymond.carlsen@scatec.com
Mr. Mikkel Tørud, CFO, tel: +47 976 99 144, mikkel.torud@scatec.com
About Scatec Solar:
Scatec Solar is an integrated independent solar power producer, aiming to make solar a sustainable and affordable source of energy worldwide. Scatec Solar develops, builds, owns and operates solar power plants and will in 2014 deliver power from plants with a total capacity of 219 MW in the Czech Republic, South Africa and Rwanda. The company is in strong growth and has a substantial backlog and pipeline of projects under development in Africa, US, Japan, Middle East and Europe. Scatec Solar is headquartered in Oslo, Norway. For more information, visit www.scatec.com
Important Notice
The contents of this announcement have been prepared by, and are the sole responsibility of, the Company. The Company’s financial advisors are acting exclusively for the Company and no one else, and will not be responsible to anyone other than the Company for providing the protections afforded to their respective clients, or for advice in relation to the IPO, the contents of this announcement or any of the matters referred to herein. The offering in relation to the IPO and the distribution of this announcement and other information in connection with the IPO may be restricted by law in certain jurisdictions. The Company assumes no responsibility in the event there is a violation by any person of such restrictions. Persons into whose possession this announcement or such other information should come are required to inform themselves about, and to observe, any such restrictions. This announcement may not be used for, or in connection with, and does not constitute, any offer of securities for sale in the United States or in any other jurisdiction.
The offering in relation to the IPO will not be made in any jurisdiction or in any circumstances in which such offer or solicitation would be unlawful. This announcement is not for distribution, directly or indirectly in or into any jurisdiction in which it is unlawful to make any such offer or solicitation to such person or where prior registration or approval is required for that purpose. No steps have been taken or will be taken relating to the IPO in any jurisdiction outside of Norway in which such steps would be required. Neither the publication and/or delivery of this announcement shall under any circumstances imply that there has been no change in the affairs of the Company or that the information contained herein is correct as of any date subsequent to the earlier of the date hereof and any earlier specified date with respect to such information.
This announcement is not for publication or distribution, directly or indirectly, in the United States (including its territories and possessions, any state of the United States and the District of Columbia). This announcement does not constitute or form part of any offer or solicitation to purchase or subscribe for securities in the United States. Securities may not be offered or sold in the United States absent registration or an exemption from registration. The Offer Shares to be issued in the IPO have not been and will not be registered under the United States Securities Act of 1933, as amended (the “US Securities Act”) or with any securities regulatory authority of any state or other jurisdiction of the United States, and may not be offered or sold in the United States or to, or for the account of, U.S. persons (as such term is defined in Regulation S under the US Securities Act), except pursuant to an effective registration statement under, or an exemption from the registration requirements of, the US Securities Act. All offers and sales outside the United States will be made in reliance on Regulation S under the US Securities Act. There will be no public offer of securities in the United States.
This announcement does not constitute an offering circular or prospectus in connection with an offering of securities of the Company. Investors must neither accept any offer for, nor acquire, any securities to which this document refers, unless they do so on the basis of the information contained in the prospectus made available by the Company only to qualified persons in certain jurisdictions where an offer may be made (if an offer is made). This announcement does not constitute an offer to sell or the solicitation of an offer to buy or subscribe for, any securities and cannot be relied on for any investment contract or decision.
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.