Single Ad-hoc

SolarWorld AG convenes its second noteholders' meetings in July

04-06-13

Appointment of a noteholders' joint representative for each of the notes anew on the agenda

  • July 8, 2013: Second noteholders' meeting for bond ISIN XS0641270045 (2011/2016)
  • July 9, 2013: Second noteholders' meeting for bond ISIN XS0478864225 (2010/2017)


SolarWorld AG invites its noteholders to the second noteholders' meetings taking place in Bonn on July 8 and July 9 respectively. The main objective of both noteholders' meetings is again to appoint a noteholders' joint representative for each bond.

As expected, the first two noteholders' meetings, which took place on May 22 and May 23, 2013, did not have quorum to appoint a noteholders' joint representative as the noteholders participating represented a value of less than half of the outstanding bond. For the purpose of appointing a joint representative, it is thus necessary to convene two individual noteholders' meeting for each bond. The holders' joint representative shall pool and represent the interests of all noteholders. The second noteholders' meetings do not need quorum to pass the resolution concerning the appointment of a noteholders' representative.

Moreover, at the noteholders' meeting the Management Board of SolarWorld AG will report on the status of the restructuring process. The restructuring concept is currently being prepared including all details. SolarWorld expects that the company will be able to present a concrete proposal to its noteholders within the next weeks. Resolutions on this concept shall be passed at further noteholders' meetings. SolarWorld AG endeavours to organize these meetings also on July 8 and July 9 2013 following the meetings concerning the appointment of the holders' representative in order to minimize efforts and expenses for all parties involved.

The second noteholders' meetings for the appointment of the joint representative will take place at the following dates:

Wednesday, July 8, 2013: bond ISIN XS0641270045 (2011/2016)
Thursday, July 9, 2013: bond ISIN XS0478864225 (2010/2017)

Both meetings begin at 10:00 a.m. Entry is from 8:30 a.m.
Both meetings will take place at Wasserwerk / World Conference Center Bonn (WCCB),
Hermann-Ehlers-Straße 29, 53113 Bonn, Germany

The invitations and conditions for attendence are available to noteholders at SolarWorld's website at: www.solarworld.de/noteholders-meeting

Noteholders who cannot participate personally at the meetings have the possibility to grant power of attorney either to a third party or to a SolarWorld proxy. The proxy will vote strictly according to the explicit instructions of the issuer of power of attorney. The power of attorney forms are available on SolarWorld AG's webpage at www.solarworld.de/noteholders-meeting.

Furthermore, SolarWorld AG offers the possibility to receive information about future noteholders' meetings within the restructuring process directly also to noteholders who will not be able to attend to the second meetings in July. Those who are interested should get registered by sending an email stating the volume of outstanding bonds held by them to Haubrok Corporate Events GmbH, a service prodiver authorized by SolarWorld AG: meldedaten@haubrok-ce.de.

About SolarWorld AG: SolarWorld AG manufactures solar power systems and in doing so contributes to a cleaner energy supply worldwide. The company, located in Bonn, employs approximately 2,500 people and carries out production in Freiberg, Germany, and Hillsboro, USA. From raw material silicon to the solar module, SolarWorld manages all stages of production ‒ including its own research and development. Through an international distribution network, SolarWorld supplies customers all over the world with solar modules and complete systems. The company maintains high social standards at all locations across the globe, and has committed itself to resource- and energy-efficient production. SolarWorld has been publically traded on the stock market since 1999. More information at www.solarworld.de/en

Contact:
SolarWorld AG Investor Relations
Phone: +49 228 55920-470;
Fax: +49 228 55920-9470,
Email: placement@solarworld.de;
Internet: www.solarworld.de/en/investor-relations



 
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