Edisun Power Europe AG: Proposal to Strengthen Board of Directors
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EQS Group-Ad-hoc: Edisun Power Europe AG / Key word(s): AGMEGM Ad-hoc Press Release Proposal to Strengthen Board of Directors The expansion of the Board of Directors is intended to better exploit the potential of Edisun Power in the promising market of renewable energies. The aim of eliminating the dual function is furthermore to duly take into account the company's growing needs with regard to corporate governance. Horst H. Mahmoudi, a German citizen, is founder and owner of Smartenergy Group, based in Wollerau. Smartenergy develops renewable energy plants, with a specialization in solar power plants on the Iberian peninsula. Smartenergy is currently expanding into other European countries and into the fields of green hydrogen and synthetic fuels. It is well positioned to play a leading role in these new technologies in Europe, and to play an active role in decarbonization. With a 27.7% shareholding, Smartenergy Invest AG is the largest shareholder in Edisun Power Group. Edisun Power and Smartenergy have been working together as partners since 2017. Since then, Edisun Power has expanded its portfolio to 234 megawatts through the acquisition of plants and advanced projects from Smartenergy. Both partners are committed to continuing these collaborative activities, and strategic options are reviewed on an ongoing basis. Marc Klingelfuss has been in corporate finance for over 30 years. He is Managing Director Wealth Management at Bank Vontobel and has provided support to Smartenergy and Edisun Power in various matters in recent years. He has extensive financial, capital markets and M&A know-how, and has successfully supported various renewable energy transactions throughout his career. Fulvio Micheletti, Vice Chairman of the Board of Directors Edisun Power Group End of ad hoc announcement |
| Language: | English |
| Company: | Edisun Power Europe AG |
| Universitätstrasse 51 | |
| 8006 Zürich | |
| Switzerland | |
| Phone: | +41 44 266 61 20 |
| Fax: | +41 44 266 61 22 |
| E-mail: | info@edisunpower.com |
| Internet: | www.edisunpower.com |
| ISIN: | CH0024736404 |
| Valor: | 2473640 |
| Listed: | SIX Swiss Exchange |
| EQS News ID: | 1179450 |
| End of Announcement | EQS Group News Service |
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1179450 30-March-2021 CET/CEST
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