Greentech Energy Systems A/S: Greentech to change company name and expand the company objects

Company Announcement No. 15/2017

                                                    Copenhagen, 16 November 2017

                                                                                

Greentech Energy Systems A/S (Greentech) today calls an Extraordinary General
Meeting with a view to approve a change of the company name to Athena
Investments A/S and an expansion of the company objects. 

Existing activities and new opportunities
The renewable energy sector is undergoing a significant consolidation trend led
by major players, utilities and large infrastructure funds. As a small-sized
independent renewable 
power producer, Greentech delivers stable production and fair financial
performance, but no longer considers a limited focus on operating assets in the
renewable energy industry a suitable way to ensure continuous growth in
revenues and returns to 
its shareholders.

Consequently, in addition to the current renewable energy business, Greentech
wants to prepare for an expansion of its business platform with potential
complementary or independent activities. By broadening its scope of business to
comprise investments in 
industrial, commercial, technical, research and development, services and/or
financial activities, the Company aims to maximize the potential value creation
in the interest of the shareholders. 

New name and wider perspectives
The current megatrends such as technology, globalization and demographics, are
reshaping several markets and industries, bringing new opportunities but also
new challenges. 
A broader business platform will grant the Company a higher degree of
flexibility and agility to adapt to current and new business trends. Hence,
Greentech will have the opportunity to benefit from a larger variety of
opportunities in order to preserve its 
stable-growth/long-term risk profile.

Greentech's Chairman Peter Høstgaard-Jensen comments: "By expanding the future
business platform, Greentech believes to gain in adaptiveness towards changing
market conditions and trends and "due care" towards the shareholders in order
to increase 
value creation and future returns."

The new name, Athena Investments A/S, refers to the goddess Athena who in the
Greek mythology was the goddess of wisdom and strategy in many fields therefore
a clear symbol of versatility and knowledge which inspired the image of our
intended future 
diversification of activities.

Extraordinary General Meeting
The company name change and amendment of the company objects will necessitate
an amendment of the Company's Articles of Association. An Extraordinary General
Meeting will be held on 12 December 2017 to formally vote on these proposals. 

The notice convening the Extraordinary General Meeting is enclosed.

As a consequence of the name change, Greentech Energy Systems A/s will change
its stock exchange ticker to "ATHENA". The change in ticker will become
effective after wards, assuming a positive outcome at the general meeting. 

The information in this announcement does not change Greentech's previous
financial guidance for the financial year 2017, nor its dividend policy. 

The Board of Directors

                                                                                
                                                                        Contact:
Peter Høstgaard-Jensen, Chairman of the Board of Directors, Tel: [phone]
                                Alessandro Reitelli, CEO, Tel: [phone]

Attachment:
https://cns.omxgroup.com/cds/DisclosureAttachmentServlet?messageAttachmentId=653314