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CMS advises Photon Energy on NewConnect listing


Law firm CMS has advised Photon Energy N.V. (“Photon Energy”), a global solar power solutions and services company on its listing of shares on NewConnect, the non-regulated market of the Warsaw Stock Exchange.

The listing was the first transaction of its kind and included two components; (i) a public tender for the swap of shares in the listed Czech company Phoenix Energy a.s. for new shares in its Dutch holding company Photon Energy and (ii) the simultaneous listing of Photon Energy shares on NewConnect. Trading of the new Photon Energy shares commenced on 4 June 2013.

Photon Energy Group spans three continents with a track record of 50 MWp of installed capacity, of which the company holds 27 MWp in its own portfolio. Photon Energy Operations, the group’s Operations & Maintenance (O&M) division, now services over 60 MWp of power plants in six countries. The company is headquartered in Amsterdam with offices in the Czech Republic, Germany, Slovakia, Italy, Canada and Australia.

The CMS team advising Photon Energy consisted of Patrik Przyhoda and Lucie Halloova (CMS Prague), Beata Binek and Rafal Kluziak (CMS Warsaw) and Eduard Scheenstra and Martijn van der Bie (CMS Amsterdam).