7C Solarparken Offers to Buy 1,735,000 Shares at Nearly 7% Premium to Average Trading Price
Key Facts
7C Solarparken’s management board, with the approval of the supervisory board, approved a voluntary public offer on November 10 to buy back up to 1,735,000 shares, or about 2% of its capital. The company set the offer price at 1.85 euros per share, a premium of nearly 7% to the average reference price over the 10 trading days preceding the decision. The company said the aim of the buyback was to "increase value per share." It added that it had sufficient financial resources to continue growing. The offer gives shareholders a set window to tender their shares, starting on November 17 and ending on December 3, with the possibility of an extension. The offer was approved one day after the company announced it had raised its 2026 outlook, on November 9.
The company attributed the higher outlook to continued strong operating performance in the third quarter of 2026 and strong electricity trading margins in Belgium. It also cited favorable redistribution settlements in Germany, another factor supporting its estimates. The factors included a one-off gain from the early termination of a rooftop lease agreement. The company also said electricity sales in October 2026 exceeded expectations because of higher prices. The disclosure thus combines operating factors during the third quarter, a one-off exceptional effect and October sales. It did not provide numerical details on how much each factor contributed to the new outlook.
First-half results provide context for the company’s performance before these more recent factors: 7C Solarparken recorded EBITDA of 28.9 million euros in the first half of 2026. The figure was above the 27 million euros the company had assumed in its plan for the same period. But it remained below the 32.8 million euros recorded in the first half of 2025. The company attributed the year-on-year decline to lower solar irradiation and a less favorable swap contract. The annual EBITDA forecast of 50 million euros had assumed first-half EBITDA of 27 million euros. This comparison places first-half results between the plan and the year-earlier period, before the company raised its outlook based on subsequent operating performance and the factors it cited.
The acceptance period for the buyback offer begins on November 17, 2026, and ends on December 3 unless the company extends it. The group is scheduled to publish its results for the first nine months on November 24, 2026. That release date falls within the currently scheduled offer acceptance window. The results will cover the nine-month period, including the third quarter, when the company said operating performance remained strong. The upcoming disclosure will provide a more recent view of the performance on which the company based its revised outlook. The buyback announcement did not specify whether the acceptance period would be extended.