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Better Energy continues work towards a successful restructuring process

As planned, the company has obtained approval for a postponement of the restructuring plan and is continuing the work towards a comprehensive solution for Better Energy. In the coming weeks, the company will focus on structured capital raising, as well as possible divestments of assets through confidential and compressed investor and buyer dialogues.

Solar park with trees in the background

Patience and support from key stakeholders

Last week, at the court hearing on 16 January in the Maritime and Commercial High Court, Better Energy secured approval for postponing the presentation of its restructuring plan. Over 90% of creditors have agreed to this postponement and no objections were raised. The next court hearing is expected to take place on 7 February 2025 at 9.30 a.m.

Better Energy expresses gratitude for the patience and massive support shown by creditors, suppliers, lenders and other stakeholders. The company continues its targeted work to ensure a successful restructuring.

 

Accelerated investor dialogues initiated

A successful restructuring involves, among other things, a structured capital raise and other initiatives to stabilise the company, maintain its value creation and support future opportunities for sustainable operations. Based on the interest and the bids received from investors and potential buyers, both the officially appointed restructuring officers and the management of Better Energy continue to believe that it serves its purpose to continue working towards the outlined solutions. 

In the coming weeks, confidential and focused dialogue and negotiation tracks will be initiated with selected investors and potential buyers.

The above is in line with the announcements made in the press release on 7 January 2025, which can be accessed via the following link (press release in Danish): Click here

Or in English on our website: Click here

 

Restructuring of Better Energy Denmark A/S to provide best framework for the process

In order to create the best framework for finding an overall solution for the company, Better Energy has today submitted a request for restructuring of Better Energy Denmark A/S, CVR no. 44559625.

As part of the cost efficiencies associated with the restructurings of Better Energy Holding A/S, CVR no. 31865883, Better Energy A/S, CVR no. 36950676 and Better Energy Denmark A/S, CVR no. 44559625 around 30 employees were dismissed in January. The management of Better Energy appreciates the significant efforts of the affected employees both before and after the restructurings and wishes them every success in the future.

To ensure transparency in the process, Better Energy will continue to issue bi-weekly status updates until February 7, 2025. The next update is expected in week 6, 2025 (the week beginning with Monday, February 3rd).