Pacifico Renewables Yield AG successfully raises €9.8 million to finance further portfolio growth

• €9.8 million raised via an accelerated bookbuilding ("ABB")
• Debut ABB successfully placed backed by strategic anchor shareholder
• Net proceeds enable the further expansion of the Company's portfolio and temporary refinancing of the Company's existing revolving credit facility

Gruenwald, November 11, 2021 - Yesterday, Pacifico Renewables Yield AG (ISIN: DE000A2YN371) (the "Company"), an independent producer of electricity from renewable sources, successfully implemented an accelerated bookbuilding in a private placement to raise total gross proceeds of €9.8 million.

338,276 new shares issued at €29.00 per share

The management board of the Company, with the consent of the supervisory board, resolved to increase the share capital of the Company from €3,382,766.00 by a total of €338,276.00 to €3,721,042 by issuing 338,276 new shares from the authorized capital 2021 under the exclusion of subscription rights. The placement price was set at €29.00 per share. The Company's majority shareholder Pelion Green Future Alpha GmbH underlined its role as strategic anchor shareholder by backing the capital increase with €6.0 million. The registration of the capital increase in the commercial register and the inclusion of the new shares in the existing listing on the open market (primary market) of the Duesseldorf Stock Exchange is expected shortly.

Closing of landmark acquisition enabled

The capital increase enables the Company to finance the portion of the purchase price payable at closing for the previously announced acquisition of three Polish wind parks with a total capacity of 51.8 MW and to temporarily refinance the Company's existing revolving credit facility.

Dr. Martin Siddiqui, Co-CEO: "Our ABB debut demonstrated our ability to raise capital efficiently. This was our third capital increase against cash contributions since listing which further expanded our free float and which we expect will increase liquidity of the stock. We are extremely proud that we will have grown our portfolio by roughly 100 MW year-to-date once all signed transactions are closed. This demonstrates our ability to grow continuously. We financed these transactions through a wide variety of instruments such as our revolving credit facility, existing liquidity, a contribution in kind and this capital increase. This showcases our commitment to finance our growth in an efficient and targeted manner."

Berenberg acted as Sole Global Coordinator and Joint Bookrunner and Stifel acted as additional Joint Bookrunner.

 

About Pacifico Renewables Yield AG

Pacifico Renewables Yield AG is an independent power producer listed on the open market of the Dusseldorf Stock Exchange with additional requirements (Primärmarkt) (ISIN: DE000A2YN371) with the aim of building up a gradually growing portfolio of plants for energy generation from renewable sources. With operational wind and photovoltaic power plants spread across Europe, the Company offers a clear and diversified profile with stable and predictable earnings.

Disclaimer

This announcement does not constitute an offer of, or a solicitation of an offer to purchase, securities of Pacifico Renewables Yield AG or of any of its subsidiaries. The securities have already been sold.

This announcement may contain certain forward-looking statements, estimates, opinions, and forecasts concerning the future business situation, earnings situation, and results of Pacifico Renewables Yield AG ("forward-looking statements"). Forward-looking statements can be identified by words such as "believe", "estimate", "anticipate", "expect", "intend", "will", or "should" and their negation and similar variations or comparable terminology. Forward-looking statements include all matters that are not historical facts. Forward-looking statements are based on the current opinions, forecasts and assumptions of the management board of Pacifico Renewables Yield AG and involve significant known and unknown risks and uncertainties, therefore actual results, performance and events may differ materially from those expressed or implied by forward-looking statements. Forward-looking statements contained herein should not be construed as guarantees of future performance or results and are not necessarily reliable indicators of whether or not such results will be achieved. The forward-looking statements contained in this release are only valid on the date of this publication. Pacifico Renewables Yield AG will not update the information, forward-looking statements or conclusions contained in this release in light of subsequent events or circumstances, nor will it reflect subsequent events or circumstances or correct inaccuracies that arise after the date of this release as a result of new information, future developments or otherwise, and the company does not assume any obligation to do so. The company does not assume any responsibility whatsoever that the forward-looking statements or assumptions contained herein will occur.