Photon Energy offering investors up to 19.57 % of shares

Published: 17.06.2021 Related countries:  New Zealand New Zealand, Australia Australia

The company intends to use the proceeds from the sale mainly for the implementation of the development strategy for the years 2021–2024.

On June 16, 2021, Photon Energy Group launched an offer of existing shares, intended primarily for qualified investors. As part of the transaction, the company will offer up to 11,742,688 shares representing 19.57 % of its share capital. The offer should be closed by the end of next week. The company intends to use the proceeds from the sale mainly for the implementation of the development strategy for the years 2021–2024. The goals include expanding the portfolio of its own power plants, creating new streams of steady revenues in the field of energy and developing a sales division providing services and solutions for water treatment.  

Source: Daily news | ČIA news
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