Fersa's Board Members splits on Greentech's Takeover Bid

7/20/2012 5:24 PM EST

Greentech Energy Systems A/S
Company Announcement

Fersa's Board Members splits on Greentech's Takeover Bid



                                                        Copenhagen, 20 July 2012

                                                                                

                                                                                

                        Company Announcement No 20/2012





            FERSA’S BOARD MEMBERS SPLITS ON GREENTECH’S TAKEOVER BID





  -- Today Fersa’s Board of Directors met in order to issue and vote the final
     report on Greentech’s takeover bid offer



  -- The Board was split in its recommendation not to accept the takeover bid.



  -- 7 board members voted against the offer, while 3 board members (holding
     approximately 22.5%, which represents a greater stake than all the
     remaining Board members voting against) voted in favor of the offer. (Annex
     1 Report*)



  -- The main and largest shareholder (Grupo Empresarial Enhol, S.L.), the only
     industrial player active in renewable energy in the BoD, voted in favor of
     the offer and expressed its intention to accept the offer (Annex 2
     Motivation*)as the independent Board member, Mr. Rodrigo Villamizar, ex
     Energy Minister of Colombia (Annex 3 Motivation*)



The Board of Directors



                                                                                

                                        For further information, please contact:

              Sigieri Diaz della Vittoria Pallavicini, CEO, tel: +45 33 36 42 02

Peter Høstgaard-Jensen, Chairman of the Board of Directors, tel: +45 40 10 88 71