Photon Energy N.V.: Photon Energy NV completes merger with subsidiary Photon Energy Investments NV

Amsterdam (pta023/14.08.2014/19:00 UTC+2) Global solar energy solutions provider Photon Energy NV has completed its merger with fully-owned subsidiary Photon Energy Investments NV (PEINV), both headquartered in Amsterdam, Netherlands. The merger, which had been announced in June, was executed on 14 August 2014.

The management expects no significant changes for shareholders and bondholders. Photon Energy NV has now become legal successor and has taken over all obligations towards bondholders of Photon Energy Investments NV.

CEO Georg Hotar expects significantly lower operating expenses and improved group synergies. "Photon Energy NV has taken over all obligations of the former subsidiary, such as coupon payments on the 8% corporate bond and investor communication, where we have set ourselves a very high standard", says Hotar.

Photon Energy NV is a publicly listed company with shares being traded on the Warsaw Stock Exchange and has also taken over all duties and obligations towards holders of the bond placed by Photon Energy Investments last year, which is traded on several stock exchanges in Germany and Austria. All the information published in PEINV's investor reports will be incorporated in Photon Energy's periodic investor reports. The merger shall have no impact on consolidated financial statements of Photon Energy NV Group, as Photon Energy Investments NV was fully consolidated.

(end)

Emitter:	Photon Energy N.V. Barbara Strozzilaan 00201 1083 HN Amsterdam Netherlands
Contact Person:	Jan Krcmar
Phone:	+420 277 002 910
E-Mail:	jan.krcmar@photonenergy.com
Website:	www.photonenergy.com
ISIN(s):	NL0010391108 (Share)
Stock Exchange(s):	-
Other Stock Exchanges:	Warsaw NewConnect