3W Power Holdings S.A. (WKN A0Q5SX / ISIN GG00B39QCR01 / Ticker 3W9), the holding company of AEG Power Solutions Group, will change from Open Market to Regulated Market (Prime Standard) of the Frankfurt Stock Exchange (FSE) on 17 December 2010 after having received admission of their shares to trading by Deutsche Börse AG today.
The Luxembourg financial regulatory commission (Commission de Surveillance du Secteur Financier – CSSF) has approved the prospectus which the Company had filed. The prospectus served as a basis for the Company's admission to trading on the regulated market of the FSE.
The Company's shares and warrants are already listed in the Regulated Market of Euronext Amsterdam N.V. Due to regulatory reasons this listing will remain intact for at least one year. Going forward, the main focus of attention will be on the listing in Frankfurt.
With the upgrade in Prime Standard, 3W Power Holdings S.A. will be listed in the quality segment of the Deutsche Börse AG and will be subjected to the highest transparency and publicity regulations. As a result, the Company therewith among other things also fulfills the requirement for a possible inclusion in a German share index. For international investors, a higher visibility and attractiveness of the stock will be achieved.
The change to Prime Standard was accompanied by Close Brothers Seydler Bank AG, Frankfurt am Main, as Sole Global Coordinator.
3W Power Holdings S.A.
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About 3W Power Holdings S.A./AEG Power Solutions B.V.
3W Power Holdings S.A. is the holding company of AEG Power Solutions Group. Shares and Warrants in the company are admitted to trading on NYSE Euronext, Amsterdam (ticker symbol: 3WP and 3WPW, respectively). Additionally, the shares are traded on the Frankfurt Stock Exchange (ticker symbol: 3W9).
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. The company has developed a full range of products for the solar energy industry, from solar inverters to turnkey solutions and is investing in solutions that will enable distributed power generation and smart micro-grids.
Renowned for engineering excellence, the company’s customers benefit from 60 years of expertise and field-proven products under the AEG PS and Harmer & Simmons brands.
AEG PS generated revenue of €400 million in 2009 with more than 1,500 employees around the world. 3W Power Holdings, formerly Germany1 Acquisition Ltd., acquired AEG Power Solutions Group in 2009 to form the combined entity.
