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31.03.2010
LHKX Capital initiator and co-lead advisor for the Solarmag – DERE transaction
LHKX Capital initiator and co-lead advisor for the Solarmag – DERE transaction
London, 31st of March 2010, London Hong Kong Exchange Plc (“LHKX”) is pleased to announced that its wholly owned group business LHKX | Capital has acted as initiator and co-lead advisor together with MatchCorp BV a Dutch financial advisory firm in regard to the Solarmag – DERE transaction which was closed on 30 March 2010.
Deutsche Environmental & Renewable Energy PLC (DERE) and Larmag announce that DERE have entered into an agreement to acquire Lamarg Energia Renovable S.L., a Spanish company that have a professional organisation specialised in solar energy and will actively invests in renewable energy, especially solar energy parks in southern Europe as of the second quarter of 2010. DERE will pay this acquisition through the issuance of 250 million new shares. After completion the total outstanding shares of the company will be 411,400,000.
As a consequence of this transaction the present board of Directors will resign and a new board of Directors will be appointed. The new Chairman and CEO will be Lars Erik Magnusson.
The activities of Solarmag will include:
 investment in attractive solar parks in southern Europe
 sales and distribution of solar panels
 installation, engineering and maintenance of solar parks
 possible investments in other alternative energy projects
 finance short term investments against a high return
High returns of solar investments: more than 10 percent return on equity
Solarmag expects that more than 80 percent of the value creation will come from the first activity, exploitation of solar energy. Due to the guaranteed cash flows of solar energy and the long-term energy contracts at fixed rates, solar energy is a very attractive sector for investors. The return on investment can equal 8 to 10 percent without debt financing and the return on equity can exceed 10 percent including leverage.
In the first phase Solarmag will invest in new projects, which will partly be paid in shares. Moreover, Solarmag has the intention to bring some very profitable existing projects in the company. By doing so Solarmag will be able to create a substantial scale in the short term.
Long term objective: more than 400 Megawatts
In the long term (5 years) Solarmag aims to develop solar parks with a total capacity of approximately 400 megawatt. Currently Larmag Energia Renovable have more than 20 MW under negotiation to be acquired subject to final agreement.
An extraordinary meeting of shareholders of DERE on this transaction will be held in London on April 23, 2010.
Comments DERE and Larmag
DERE is very content with this transaction. "We are pleased with this transaction, which enables the shareholders to invest directly in solar parks", said Floor Mouthaan, CEO of DERE. DERE will acquire Larmag Energia Renovable S.L. and its subsidiary by issuance of in total 250 million new shares of DERE to Larmag Energy Group B.V. The remaining stake in Solarmag offers the present shareholders a good opportunity to take advantage of the expected positive developments in the solar industry and Solarmag in particular.
Initiator Lars Erik Magnusson (Larmag) sees extraordinary opportunities for the company: "The market for solar energy will grow significantly in the coming years. Solarmag will benefit from this trend and expects that the listing accelerates growth and value creation for shareholders.”
The current board and management of DERE will resign as per April 23, 2010 and will work in this transition period on a new structure where by the current activities of DERE will be transferred to a new legal entity owned by the existing shareholders.
The remaining activities of DERE are developing according to plan and Floor Mouthaan considers this transaction to be a nice premium for the current shareholder.
The earlier announced solutions for Bebra and the recent announcements on Swiss Hawk together with the proposed transaction confirm the commitment of current management to continuously increase shareholders value.
DERE will announce detailed information before the announced EGM on April 23rd, 2010.
London, March 31, 2010
About LHKX | Capital:
LHKX | Capital is a wholly owned group business of London Hong Kong Exchange Plc (“LHKX”) which is a UK domiciled holding company for a group of companies active in provision of innovative financial services and products mainly targeted at qualified retail class investors and traders.(www.lhkx.com). LHKX | Capital has developed significant international deal-flow and Family Office investment networks and aims to participate in growth equity transactions at the pre-IPO and IPO investment stage on a 12 month exit horizon. LHKX | Capital will continue to act as a lead advisor for Larmag.
The information in this press release constitutes "forward-looking information". Other
than statements of historical fact, all statements are "Forward-Looking Statements"
that involve such various known and unknown risks, uncertainties and other factors.
There can be no assurance that such statements will prove accurate. Results and
future events could differ materially from those anticipated in such statements.
Readers of this press release are cautioned not to place undue reliance on these
"Forward-Looking Statements". Except as otherwise required by applicable securities
statutes or regulation, the Company expressly disclaims any intent or obligation to
update publicly forward-looking information, whether as a result of new information,
future events or otherwise.
Contacts:
LONDON HONG KONG EXCHANGE PLC
Lynton House 7-12 Tavistock Square
LONDON WC1H 9BQ
United Kingdom
Telephone: +44 20 7 193 3853
Email: contact@lhkx.co.uk
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London, 31st of March 2010, London Hong Kong Exchange Plc (“LHKX”) is pleased to announced that its wholly owned group business LHKX | Capital has acted as initiator and co-lead advisor together with MatchCorp BV a Dutch financial advisory firm in regard to the Solarmag – DERE transaction which was closed on 30 March 2010.
Deutsche Environmental & Renewable Energy PLC (DERE) and Larmag announce that DERE have entered into an agreement to acquire Lamarg Energia Renovable S.L., a Spanish company that have a professional organisation specialised in solar energy and will actively invests in renewable energy, especially solar energy parks in southern Europe as of the second quarter of 2010. DERE will pay this acquisition through the issuance of 250 million new shares. After completion the total outstanding shares of the company will be 411,400,000.
As a consequence of this transaction the present board of Directors will resign and a new board of Directors will be appointed. The new Chairman and CEO will be Lars Erik Magnusson.
The activities of Solarmag will include:
 investment in attractive solar parks in southern Europe
 sales and distribution of solar panels
 installation, engineering and maintenance of solar parks
 possible investments in other alternative energy projects
 finance short term investments against a high return
High returns of solar investments: more than 10 percent return on equity
Solarmag expects that more than 80 percent of the value creation will come from the first activity, exploitation of solar energy. Due to the guaranteed cash flows of solar energy and the long-term energy contracts at fixed rates, solar energy is a very attractive sector for investors. The return on investment can equal 8 to 10 percent without debt financing and the return on equity can exceed 10 percent including leverage.
In the first phase Solarmag will invest in new projects, which will partly be paid in shares. Moreover, Solarmag has the intention to bring some very profitable existing projects in the company. By doing so Solarmag will be able to create a substantial scale in the short term.
Long term objective: more than 400 Megawatts
In the long term (5 years) Solarmag aims to develop solar parks with a total capacity of approximately 400 megawatt. Currently Larmag Energia Renovable have more than 20 MW under negotiation to be acquired subject to final agreement.
An extraordinary meeting of shareholders of DERE on this transaction will be held in London on April 23, 2010.
Comments DERE and Larmag
DERE is very content with this transaction. "We are pleased with this transaction, which enables the shareholders to invest directly in solar parks", said Floor Mouthaan, CEO of DERE. DERE will acquire Larmag Energia Renovable S.L. and its subsidiary by issuance of in total 250 million new shares of DERE to Larmag Energy Group B.V. The remaining stake in Solarmag offers the present shareholders a good opportunity to take advantage of the expected positive developments in the solar industry and Solarmag in particular.
Initiator Lars Erik Magnusson (Larmag) sees extraordinary opportunities for the company: "The market for solar energy will grow significantly in the coming years. Solarmag will benefit from this trend and expects that the listing accelerates growth and value creation for shareholders.”
The current board and management of DERE will resign as per April 23, 2010 and will work in this transition period on a new structure where by the current activities of DERE will be transferred to a new legal entity owned by the existing shareholders.
The remaining activities of DERE are developing according to plan and Floor Mouthaan considers this transaction to be a nice premium for the current shareholder.
The earlier announced solutions for Bebra and the recent announcements on Swiss Hawk together with the proposed transaction confirm the commitment of current management to continuously increase shareholders value.
DERE will announce detailed information before the announced EGM on April 23rd, 2010.
London, March 31, 2010
About LHKX | Capital:
LHKX | Capital is a wholly owned group business of London Hong Kong Exchange Plc (“LHKX”) which is a UK domiciled holding company for a group of companies active in provision of innovative financial services and products mainly targeted at qualified retail class investors and traders.(www.lhkx.com). LHKX | Capital has developed significant international deal-flow and Family Office investment networks and aims to participate in growth equity transactions at the pre-IPO and IPO investment stage on a 12 month exit horizon. LHKX | Capital will continue to act as a lead advisor for Larmag.
The information in this press release constitutes "forward-looking information". Other
than statements of historical fact, all statements are "Forward-Looking Statements"
that involve such various known and unknown risks, uncertainties and other factors.
There can be no assurance that such statements will prove accurate. Results and
future events could differ materially from those anticipated in such statements.
Readers of this press release are cautioned not to place undue reliance on these
"Forward-Looking Statements". Except as otherwise required by applicable securities
statutes or regulation, the Company expressly disclaims any intent or obligation to
update publicly forward-looking information, whether as a result of new information,
future events or otherwise.
Contacts:
LONDON HONG KONG EXCHANGE PLC
Lynton House 7-12 Tavistock Square
LONDON WC1H 9BQ
United Kingdom
Telephone: +44 20 7 193 3853
Email: contact@lhkx.co.uk
NEWSLETTER REGISTRIERUNG:
Aktuelle Pressemeldungen dieses Unternehmens direkt in Ihr Postfach:
<a href="http://www.irw-press.com/alert_subscription.php?lang=en&isin=GB00B3D35R83">http://www.irw-press.com/alert_subscription.php?lang=en&isin=GB00B3D35R83</a>
Mitteilung übermittelt durch IRW-Press.com. Für den Inhalt ist der Aussender
verantwortlich.
Kostenloser Abdruck mit Quellenangabe erlaubt.