19.07.2010 06:00:00
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3W Power Holdings/AEG Power Solutions Commissions Designated Sponsor
Regulatory News:
3W Power Holdings (Amsterdam:3WP) (3WP, ISIN GG00B39QCR01, WKN A0Q5SX) is the holding company of AEG Power Solutions, a global player in power electronics.
3WPower Holdings/AEG Power Solutions has commissioned Close Brothers Seydler Bank AG as designated sponsor for its shares. The leading German bank for this task will therefore guarantee the liquidity required for continuous Xetra trading (the electronic trading system of Deutsche Börse AG) of 3W Power Holdings shares. Tradability was therefore increased from once a day, "one auction only”, to the entire trading period of the Xetra system. Investors are now able to continuously trade their shares in Xetra. This change is intended to increase the share’s liquidity and create efficient trading conditions for all existing and potential shareholders.
Designated sponsors supply the electronic trading system Xetra with additional liquidity by providing quotes for any shares within their responsibility during continuous trading and auctions.
Commissioning a designated sponsor is another step for 3WPower Holdings/AEG Power Solutions towards realizing a change of the listing from Open Market to the segment Prime Standard at Frankfurt Stock Exchange. In the second half of 2010, the company’s shares shall be authorized for a listing in the Prime Standard in Frankfurt. The company is already listed on the Euronext in Amsterdam.
About AEG Power Solutions
AEG Power Solutions is a world
leading provider of premium power electronics. It offers one of the
world’s most comprehensive product and service portfolios in power
conversion and control, for customers spanning the infrastructure
markets of energy, telecom, lighting, transportation and general
industrial sectors. System solutions from AEG PS are designed to
interface with the electrical power grid and to offer power solutions
for mission-critical applications in harsh environments, such as power
plants, offshore oil rigs, chemical refineries, and utility-scale
renewable energy plants. Since 2005, the company has developed a full
range of products for the solar energy industry, from solar inverters to
turnkey solutions. The company is investing in solutions that will
enable distributed power generation and smart micro-grids.
Renowned
for engineering excellence, the company’s customers benefit from over a
century of expertise and field proven products under the AEG PS, Harmer
& Simmons, and Saft Power Systems brands.
Headquartered near
Amsterdam, AEG PS generated revenue of €400 million in 2009 with more
than 1,500 employees around the world.
AEG Power Solutions became a
public company in 2009 following a business combination with 3W Power
Holdings Ltd. (formerly Germany1 Acquisition Ltd). Shares in the
combined company are listed on Euronext Amsterdam (ticker: 3WP).
For
more information: www.aegps.com
This communication does not constitute an offer or the solicitation of an offer to buy, sell or exchange any securities of 3W Power. This communication contains forward-looking statements which include, inter alia, statements expressing our expectations, intentions, projections, estimates, and assumptions. These forward-looking statements are based on the reasonable evaluation and opinion of the management but are subject to risks and uncertainties which are beyond the control of 3W Power and, as a general rule, difficult to predict. The management and the company cannot and do not, under any circumstances, guarantee future results or performance of 3W Power and the actual results of 3W Power may materially differ from the information expressed or implied in the forward-looking statements. As a result, investors are cautioned against relying on the forward-looking statements contained herein as a basis for their investment decisions regarding 3W Power.
3W Power undertakes no obligation to update or revise any forward-looking statement contained herein.
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