VELCAN: NOTICE OF ANNUAL AND EXTRAORDINARY GENERAL MEETINGS ON 26th JUNE 2018

PRESS RELEASELuxembourg, 25 thMay 2018 VELCAN: NOTICE OF ANNUAL AND EXTRAORDINARY GENERAL MEETINGSON 26 thJUNE 2018 Velcan announces to the shareholders of the Company that the Annual Ordinary and Extraordinary General meeting will be held on Tuesday the 26 thof June 2018, at 10 a.m...

London, 25/05/2018 (informazione.news - comunicati stampa - energia)

PRESS RELEASE

Luxembourg, 25 May 2018

Velcan announces to the shareholders of the Company that the Annual Ordinary and Extraordinary General meeting will be held on Tuesday the 26 of June 2018, at 10 a.m., at the office of the law firm Tabery & Wauthier-Richard Sturm, 10 rue Pierre d'Aspelt, L-1142 Luxembourg, in order to vote on the approval of the 2017 annual consolidated and statutory financial statements and on extraordinary resolutions proposed to the General meeting of shareholders in view of the amendment of the articles of association of the Company.

All required information and related documents will be available for downloading on the company's website on 25 May 2018:

The annual management report and the audit reports are available on line since 27 April 2018.

The Board of Directors invites the shareholders to consult the following page:
http://www.velcan.lu/investors/reports-accounts/

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Investor Relations Contact                                         investor@velcan.lu

Velcan 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. Its major power project under development is a cascade of hydropower concessions located in India and totalling 571 MW. The Group also has a smaller project of 18MW in Indonesia.

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 actively manages its treasury, investing in listed financial instruments and private equity deals.

Velcan's 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's management team.

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

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