Staad – 4 June, 2013 – SATO PLC, the renewable energy project development and financing company, announced today that it intends to embark on a fresh round of private placement for its investors with a view to a short-term raise of up to €300,000.000. After its successful listing on the GXG Market´s Main Quote trading segment in early May, SATO PLC is planning to make shares in the company accessible to discerning investors through a more established trading venue in Europe. Detailed terms and conditions are to be disclosed to SATO PLC shareholders as soon as negotiations have been finalised.
“The company is going to invest the proceeds to complete its CIGS Panel Production Project, a next generation solar panel production site located in Johannesburg, South Africa, and to further the development of two other RE projects currently in the pipeline,” says Kathrin Kasper, Director of SATO PLC.
Safe Harbor Statement: This announcement may contain forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company’s control with respect to market acceptance of new technologies or products, and other risks detailed from time to time.
About SATO PLC
A project development and financing company with focus on renewable energies, ie solar, biomass, solid waste and wind power sources, SATO PLC specializes in early stage projects set in emerging markets worldwide. Unique to this industry, and an integral part of project selection, is the fact that Power Purchase Agreements (PPAs) are available from, and signed with, government bodies. This way SATO PLC ensures the projects have long-term supply contracts in place, which guarantees a steady source of revenue. Further, SATO PLC has currently allocated major resources to the development and financing of a large project in producing and selling photovoltaic thin-film solar panels.
For further information about SATO PLC, please go to www.sato-plc.info
Company information:
SATO PLC
12 Mount Havelock
Douglas, Isle of Man
T: +49 391 5566127