21 June 2017

The Athens Stock Exchange welcomes Sunlight

Corporate Bond Listing

The Athens Stock Exchange today welcomed Sunlight, in the context of the listing and admission to trading of its Corporate Bond.

Vasilios Billis, Chairman & CEO of Sunlight, rang the traditional bell during the opening bell ceremony of the Athens Stock Exchange.

Iakovos Georganas, Chairman of the Athens Exchange Group, welcomed the company's management members and the guests of the event, expressing his satisfaction for the successful issue of Sunlight's corporate bond. He noted that the significant oversubscription of the issue is indicative of how highly investors think of the company. Mr. Georganas, in more detail, noted that: "The contribution of businesses like Sunlight has been especially appreciated in everything the Greek economy has achieved in recent years. The contribution of these businesses in the balance of payments is crucial. This is a significant achievement which must not only be maintained, but also broadened. These companies can further improve their results by securing a competitive cost of financing".

Referring to the corporate bond market, Mr. Georganas underlined that: "The new market has made a dynamic entry and its contribution in the financing of investments and production is expected to be quite significant in the future. The effective operation of the secondary market is expected to play an important role in its further growth. No investor should ever feel trapped. All market participants, including the issuer companies, must operate with a sense of responsibility in order to solidify investor trust in corporate bonds". He also stressed that: "we, as the Athens Stock Exchange, will take all the requisite measures, but the issuers' responsibility is also obvious". In closing, he wished that the company has a good "career" in the corporate bond market. This is a market with which the companies have an ongoing relationship through the repeated issues, thus achieving satisfactory yields for both issuers and investors.

Vasilios Billis, the company's Chairman & CEO, noted: "Today signals the entry of Sunlight Systems on a new trajectory of growth. The company's listing on the Regulated Market of the Athens Stock Exchange reinforces Sunlight's reputation, supports our model for growth  and strengthens our position in the global energy market. We are certain that in the years to come, Sunlight Systems will play an even more important role in the much-promising energy sector, in return for the trust investors have showed".
 

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Opening Bell Ceremony
Vasilios Billis, Chairman & CEO of the company	Iakovos Georganas, Chairman of the Athens Exchange Group		General point of view

Coordinators and Bookrunners were Alpha Bank, Eurobank Ergasias and Euroxx Securities. Underwriters were Axia Ventures Group, the National Bank of Greece and Piraeus Bank. Advisor was Euroxx Securities

A total of 50,000 common, bearer bonds of the company with a nominal value of €1,000 each have been allocated and €50,000,000 has been raised.

These are 5-year bonds with a 4.25% interest rate.

Total demand and the number of investors that participated in the Public Offer was €124,416,000 and 1,833 respectively.

The Bonds were allocated as follows: a) 35,000 bonds (70% of the total) to Private Investors, satisfying 44.43% of the demand and b) 15,000 bonds (30% of the total) to Institutional Investors satisfying 45.15% of the demand. Also, from the 15,000 Bonds allocated to Institutions Investors, the Underwriters received for their own account 7,063 Bonds.

The process was carried out through the Electronic Book Building service of the Athens Stock Exchange.

More information about the issue can be found on the Athens Stock Exchange website at this link.

SYSTEMS SUNLIGHT S.A. is a global player in the field of integrated energy solutions, specializing in the development, production and marketing of batteries and energy storage systems for industrial, advanced technology and consumer applications. In its 3rd decade of sustained growth, the company today ranks among the world's top providers of energy storage solutions.

As a member of a strong and developing business ecosystem, SUNLIGHT relies on its modern infrastructure, continuous innovation and its passion for excellence, to develop and supply reliable energy solutions. 

The systematic application of advanced quality assurance systems and procedures throughout the production process, in combination with advanced engineering and cutting edge equipment, enable SUNLIGHT to maximize productivity and ensure the supply of high quality products to its customers worldwide.

Headquartered in Greece, SUNLIGHT has developed a robust worldwide sales and partners network. The company's consistent global outlook has made it a major international player in the energy storage sector with 84% of its production exported to more than 100 countries.

The Athens Stock Exchange since its establishment in 1876, consistently participate in the financial and business developments in the country.

Athens Exchange Group (ATHEX Group), provides support to the Greek Capital Market. ATHEX Group operates the organized Equities and Derivatves markets, the alternative market and performs clearing and settlement of trades.

The Athens Stock Exchange, through its markets, offers solutions and financing tools to businesses, expands investor choice by providing a safe, stable and easy environment in full alignment with international practices and the European regulatory framework.

In a period that the role of stock markets in exploring alternative ways of financing business, at a European level, is significantly enhanced, the Athens Exchange Group has taken a series of initiatives to highlight the attractiveness of the Greek Capital Market and the Greek companies to the international investment community and expand the variety of investment opportunities.

Its shares are traded on the Main Market of the Athens Exchange (Symbol: EXAE).

The profiles of the ATHEX Group and its markets can be downloaded from the link. More information can be found in the website www.athexgroup.gr.