PHOENIX (PHO): Photon Energy announces the establishment of a project company in Slovakia - raport 17

The Management Board of Photon Energy a.s. informs that on 22 March the company received information that on 19 March 2010 its first foreign fully-owned project subsidiary Photon SK SPV 1 s.r.o. was registered by the Municipal court in Bratislava, Slovakia. The company is domiciled in Bratislava, has a base capital of EUR 5,000 (CZK 127,325 or PLN 19,568) and has been established to hold the project rights of a yet-to-be acquired photovoltaic project in Slovakia. Negotiations with several project developers are ongoing. Photon Energy has a policy of setting up project companies in order to execute photovoltaic project acquisitions in the shortest possible timeframe through its pre-established subsidiaries.

Legal basis: § 3 ust.1 of the Appendix 3 to Resolution No. 733/2009 of the Warsaw Stock Exchange Management Board dated 18 December 2009 “Current and Periodical Information in the Alternative Trading System"

Osoby reprezentujące spółkę:
Michal Gartner - Chairman of the Board of Directors
Georg Hotar - Vice-chairman of the Board of Directors