• ISIN: DE000A2YPH73
  • Land: Deutschland

Nachricht vom 05.12.2019 | 17:05

SUMMIQ AG calls off IPO for this year

SUMMIQ AG / Key word(s): IPO
SUMMIQ AG calls off IPO for this year

05-Dec-2019 / 17:05 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Disclosure of inside information according to Article 17 para. 1 of the Regulation (EU) No 596/2014 on market abuse, as amended (market abuse regulation - MAR)

SUMMIQ AG calls off IPO for this year

Frankfurt, 5 December 2019 - The offer period in the IPO of SUMMIQ AG (the "Company" or "SUMMIQ"), an independent integrated European producer of renewable energy, has ended as planned today. The evaluation of the order book showed that the targeted proceeds of between EUR 75 million and EUR 100 million necessary to acquire 12 renewable energy projects and thus to implement the planned growth strategy through the end of 2020, have not been achieved completely within the defined offer period. The management of the Company has therefore decided to no longer execute the IPO within this year and is evaluating alternative financing options, which may include a public offering at a later point in time.


cometis AG
Claudius Krause
Unter den Eichen 7
65195 Wiesbaden

Phone: +49 (0) 611 20 585528

cometis AG
Matthias Kunz
Unter den Eichen 7
65195 Wiesbaden

Phone: +49 (0) 611 20 585564
Further information


Company profile

SUMMIQ is establishing a growing portfolio of wind and solar power projects in Europe. The aim is to build up a digitally managed gigawatt portfolio in order to be able to profitably market electricity from renewable energies in the future and provide it in line with demand. SUMMIQ pursues a strategic cooperation approach with Green City AG, a German developer of renewable energy projects. This cooperation enables SUMMIQ to invest in an existing project pipeline with an output of several hundred megawatts by 2021.

SUMMIQ focuses on the development and operation of a portfolio of wind and solar power projects balanced according to regions and technologies as well as electricity storage facilities in the European core markets of Germany, France, Italy and Spain in the medium term. SUMMIQ aims to become an independent, integrated and strongly growing European electricity producer with long-term predictable cash flows and a product with increasing demand: renewable energy.

Important Notice:

This announcement does not contain or constitute an offer to sell nor a solicitation to buy or subscribe for securities. The offer period has ended.
Potential investors should not purchase or subscribe for any securities referred to in this announcement except on the basis of the information contained in the prospectus (the "Prospectus"). The German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, BaFin) has approved the Prospectus. Copies of the Prospectus are available free of charge from SUMMIQ AG, Munich, Germany, as well as, for viewing in electronic form, on the website of the Company The approval of the prospectus by BaFin should not be understood as an endorsement of the securities referred to in this announcement. Potential investors are recommended to read the Prospectus before making an investment decision in order to fully understand the potential risks and rewards associated with the decision to invest in the securities referred to in this announcement.
This announcement is only addressed to and directed at persons in member states of the European Economic Area (other than Germany) who are "qualified investors" within the meaning of Article 2 lit. (e) of the Prospectus Regulation (Regulation (EU) 2017/1129) ("Qualified Investors").

This announcement is not an offer of securities for sale in the United States of America (the "United States"). Securities may not be offered or sold in the United States absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the "Securities Act"). The Issuer does not intend to register any portion of the offering in the United States or to conduct a public offer of the securities in the United States.
In the United Kingdom, this information is directed at and/or for distribution only to (i) investment professionals falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the "Order"), or (ii) high net worth companies falling within article 49(2)(a) to (d) of the Order (all such persons are collectively referred to herein as "relevant persons"). The securities are only available to, and any invitation, offer or agreement to subscribe, purchase or otherwise acquire such securities will be engaged in only with, relevant persons. Any person who is not a relevant person should not act or rely on this information or any of its contents.

Subject to certain exceptions under the respective securities laws, the securities referred to herein may not be offered or sold in Australia, Canada or Japan or to, or for the account or benefit of, any national, resident or citizen of Australia, Canada or Japan.
Some of the information in this announcement may contain projections or other forward-looking statements regarding future events or the future financial performance of the Company. You can identify forward looking statements by terms such as "expect," "believe," "anticipate," "estimate," "intend," "will," "could," "may" or "might," or, in each case, the negative of such terms or other similar expressions. We wish to caution you that these statements are only predictions and that actual events or results may differ materially. We do not intend to update these statements to reflect events and circumstances occurring after the date hereof or to reflect the occurrence of unanticipated events. Many factors could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, general economic conditions, our competitive environment, risks associated with our industry, as well as many other risks specifically related to the Company and its operations.

05-Dec-2019 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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