VELCAN HOLDINGS: HALF YEARLY RESULTS TO BE PUBLISHED ON 30th OCTOBER 2018

PRESS RELEASELuxembourg, 28 thSeptember 2018 VELCAN HOLDINGS: HALF YEARLY RESULTS TO BE PUBLISHED ON 30 thOCTOBER 2018VELCAN HOLDINGS announces it will publish on 30 thOctober 2018 its half-yearly results, as on 30 thJune 2018.According to market rules, the Company will not...

London, 28/09/2018 (informazione.news - comunicati stampa - energia)

PRESS RELEASE

Luxembourg, 28 September 2018

VELCAN HOLDINGS announces it will publish on 30 October 2018 its half-yearly results, as on 30 June 2018.

According to market rules, the Company will not buyback any of its shares during the negative window of 30 calendar days preceding the date of release of such financial statements.

As a consequence, the share buyback programme announced on 13 September 2018 will be suspended from 30 September 2018 and will restart on 31 October 2018.

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Investor Relations Contact                                         investor@velcan.lu

Velcan Holdings is a Luxemburg headquartered investment holding company founded in 2005, operating as an independent power producer in emerging countries and managing a global portfolio of financial assets.

The company owns and operates one 15MW hydro power plant in Brazil that it developed and built in 2009. The company is developing a major cascade of hydropower concessions located in India and totalling 571 MW.

Hydropower concessions provide long periods of cash generation but their development outcome is uncertain and many years are needed to bring these projects to maturity in emerging countries: it involves field studies in remote places, obtaining the necessary authorizations and permits, and land acquisition in political and regulatory environments that can be unstable or heavily hampering. Meanwhile Velcan Holdings actively manages its treasury, investing in listed financial instruments and private equity deals.

Velcan Holdings' headquarters are in Luxemburg, with administrative and financial offices in Singapore and Mauritius. The team dedicated to the development of the Indian hydropower cascade is based in New Delhi and at the project site (Arunachal Pradesh).

The company was launched more than 10 years ago by its reference shareholder Luxembourg Hydro Power SA, owned by Velcan Holdings' management team.

Velcan Holdings is listed on the Paris Euronext Growth Stock Market (Euronext Growth/Ticker ALVEL/ISIN FR0010245803).

Velcan Holdings never performed any Public Offer as understood under Directive 2003/71/CE of the European Parliament and Council.