Pacific Green Enters Into Transaction to Sell Its 249MW / 373.5MWh Sheaf Energy Park Battery Development for an Enterprise Value of £210 Million (US$258 Million)
Dover, DE, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Pacific Green Technologies, Inc. ("Pacific Green", OTCQB: PGTK) announces that it has entered into a transaction to sell 100% of the shares in Pacific Green Battery Energy Parks 2 Limited (“PGBEP2”) to Sosteneo Fund 1 HoldCo S.à.r.l. (“Sosteneo HoldCo”) for £210 million (US$258 million) (the “Transaction”).
PGBEP2 is the holding company for 100% subsidiary, Sheaf Energy Limited, Pacific Green’s 249 MW / 373.5 MWh battery energy storage system in Kent, England (“Sheaf Energy Park”), which will begin commercial operations in July 2025.
Sosteneo HoldCo is an investment vehicle for the Sosteneo Energy Transition Fund, managed by Sosteneo SGR S.p.A. (“Sosteneo”), a specialist manager of greenfield infrastructure projects related to the energy transition and part of the Generali ecosystem of asset management firms.
Under the terms of the Transaction, Pacific Green and Sosteneo have granted each other respective options to buy or sell the shares in PGBEP2.
As part of the Transaction, Sosteneo will provide a capital expenditure loan, which together with the senior debt facility, will fully fund the development and construction of Sheaf Energy Park.
About Pacific Green Technologies, Inc.:
Pacific Green is focused on addressing the world’s need for cleaner and more sustainable energy. Pacific Green offers Battery Energy Storage Systems and Concentrated Solar Power to complement its environmental technologies division. Pacific Green has offices in the USA, Canada, United Kingdom, Australia, Saudi Arabia and China.
For more information, visit Pacific Green’s website:
Notice Regarding Forward-Looking Statements:
This news release contains “forward-looking statements,” as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this news release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the continued development of Sheaf Energy Park, the continuation of the Transaction, any potential business developments and future interest in Pacific Green’s battery, solar and environmental technologies.
Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the continuation of the development of Sheaf Energy Park, the continuation of the Transaction and general economic and political conditions. These forward-looking statements are made as of the date of this news release, and Pacific Green assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although Pacific Green believes that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all the information set forth herein and should also refer to the risk factors disclosure outlined in Pacific Green’s annual report on Form 10-K for the most recent fiscal year, Pacific Green’s quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.To view this piece of content from www.globenewswire.com, please give your consent at the top of this page.
To view this piece of content from ml.globenewswire.com, please give your consent at the top of this page.
About GlobeNewswire by notified
One Liberty Plaza - 165 Broadway
NY 10006 New York
GlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.
Subscribe to releases from GlobeNewswire by notified
Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from GlobeNewswire by notified
Share buybacks in Spar Nord Bank – transactions in week 485.12.2023 08:43:31 CET | Press release
Company announcement no. 71 In company announcement no. 8 2023, Spar Nord announced a share buyback programme of up to DKK 300 million. The share buyback was initiated on 13 February 2023. The purpose of the share buyback is to reduce the bank’s share capital by the shares acquired under the programme, and the programme is executed pursuant to Regulation (EU) No 596/2014 of 16 April 2014 (“Market Abuse Regulation”). In week 48 the following transactions were made under the share buyback programme. Number of sharesAverage purchase priceTransaction value (DKK)Accumulated from from last announcement2,518,100273,572,59627 November 20238,000103.91831,28028 November 20238,000103.22825,76029 November 20238,000104.39835,12030 November 20237,000104.06728,42001 December 20237,000103.57724,990Total week 48 38,000 3,945,570 Total accumulated 2,556,100 277,518,166 Following the above transactions, Spar Nord holds a total of 2,734,657 treasury shares, equal to 2.27 % of the Bank’s share capital. Ple
Aktietilbagekøb i Spar Nord Bank – transaktioner i uge 485.12.2023 08:43:31 CET | pressemeddelelse
Selskabsmeddelelse nr. 71 Spar Nord offentliggjorde i selskabsmeddelelse nr. 8 2023 et aktietilbagekøbsprogram på op til 300 mio. kr. Aktietilbagekøbet blev indledt 13. februar 2023. Aktietilbagekøbet sker med henblik på at nedsætte bankens aktiekapital med de under programmet købte aktier, og foretages i henhold til EU-Kommissionens forordning nr. 596/2014 af 16. april 2014 (”Markedsmisbrugsforordningen”). Under aktietilbagekøbsprogrammet er der i uge 48 gennemført følgende transaktioner: Antal aktierGennemsnitlig købskursTransaktionsværdi (DKK)Akkumuleret fra sidste meddelelse2.518.100273.572.59627. november 20238.000103,91831.28028. november 20238.000103,22825.76029. november 20238.000104,39835.12030. november 20237.000104,06728.42001. december 20237.000103,57724.990I alt uge 48 38.000 3.945.570 I alt akkumuleret 2.556.100 277.518.166 Efter de foranstående transaktioner ejer Spar Nord i alt 2.734.657 egne aktier svarende til 2,27 pct. af bankens aktiekapital. Spørgsmål i forbindelse
Nykredit Realkredit A/S – New final terms for Euro Medium Term Note Programme5.12.2023 08:32:38 CET | Press release
To Nasdaq Copenhagen Nykredit Realkredit A/S – New final terms for Euro Medium Term Note Programme Nykredit Realkredit A/S publishes final terms for an issue of SEK 500,000,000 Senior Non-Preferred Floating Rate Notes due 2027, which are issued pursuant to Nykredit Realkredit A/S's and Nykredit Bank A/S’s €15,000,000,000 Euro Medium Term Note Programme dated 12 May 2023. The final terms dated 1 December 2023 and the EMTN Programme dated 12 May 2023 are available for download on Nykredit's website at nykredit.com/ir. Enquiries may be addressed to Nykredit Realkredit A/S, Group Treasury, Nicolaj Legind Jensen, Head of Group Treasury, tel +45 44 55 11 10, or Morten Bækmand Nielsen, Head of Investor Relations, tel +45 44 55 15 21. Attachment New_final_terms_for_Euro_Medium_Term_Note_Programme_Nykredit_Realkredit_A_S_2023-12-05_EN
Philogen S.p.A. announces receipt of the Good Manufacturing Practice Certificate for its new Production facility in Rosia (Siena, Italy) by Competent Authorities5.12.2023 08:30:00 CET | Press release
SIENA, Italy, Dec. 05, 2023 (GLOBE NEWSWIRE) -- Philogen S.p.A. (BIT:PHIL) is pleased to announce that its new GMP facility located in Rosia Siena, is now GMP certified. The certification was granted by the GMP MED office of the Agenzia Italiana del Farmaco (AIFA) following an inspection occurred in July 2023. AIFA confirmed that Philogen new facility complies with the requirements and guidelines of Good Manufacturing Practice outlined in the Directive 2003/94/EC issued by the European Parliament. In the European Union, national competent authorities - AIFA in Italy - are responsible for inspecting manufacturing sites based within their own territories. Sites located in one European Member State also benefit from mutual recognition agreements (MRAs) that the European Commission has signed with the authorities of the United States, Switzerland, Canada, Israel, Australia, Japan and New Zealand concerning the conformity assessment of medicinal products. Philogen plant in Rosia was designe
Equinor ASA: Share buy-back5.12.2023 08:00:00 CET | Press release
Please see below information about transactions made under the fourth tranche of the 2023 share buy-back programme for Equinor ASA (OSE:EQNR, NYSE:EQNR). Date on which the fourth tranche of the 2023 programme was announced: 27 October 2023. The duration of the fourth tranche of the 2023 programme: 30 October 2023 to no later than 29 January 2024. From 27 November to 1 December 2023, Equinor ASA has purchased a total of 1,478,000 own shares at the Oslo Stock Exchange at an average price of NOK 347.8907 per share. Aggregated overview of transactions per day: DateAggregated volume (number of shares)Weighted average share price (NOK)Total transaction value (NOK)27 November298,000351.8852104,861,789.6028 November290,000351.1603101,836,487.0029 November302,000345.0671104,210,264.2030 November296,000348.2593103,084,752.801 December292,000343.1135100,189,142.00Previously disclosed buy-backs under the fourth tranche of the 2023 programme 5,609,000360.82142,023,847,117.50Total buy-backs under fo