Single Ansicht

Annual General Meeting of SolarWorld AG Approves Increased Dividend of € 0.16

System of Management Board Remuneration Accepted – Large Majority for Other Agenda Items

20-05-10

The roughly 1,000 shareholders and shareholder representatives present carried all items on the agenda of today’s eleventh ordinary Annual General Meeting of SolarWorld in Bonn with a large majority and also discharged the Management Board and the Supervisory Board. “In doing so the stockholders once again expressed their great satisfaction with the corporate management,“ explained Dr. Claus Recktenwald, Chairman of the Supervisory Board of SolarWorld AG. “The Management Board and above all the employees at the worldwide SolarWorld sites did again excellent work in fiscal 2009 and thus had a hand in shaping the successful business development achieved by SolarWorld.“

In 2009, the fiscal year under review, SolarWorld AG was able to exceed the one billion Euro revenue mark for the first time and strengthened its international position as a quality manufacturer. As a token of the sound future prospects of the company the Supervisory Board and the Management Board proposed a dividend increase to € 0.16 (previous year: € 0.15) to the Annual General Meeting. The disbursement of this sum will take place on 21 May 2010. This means that shareholders will participate in the success of the company for the tenth time in succession. The largest part of the balance sheet profit will be allocated to revenue reserves. Frank H. Asbeck, Chairman and CEO of SolarWorld AG, “In this way we sustainably strengthen the capital base of the group and secure a sound basis for our worldwide growth as a quality brand of solar power technology.“

The system of Management Board remuneration also attracted a large majority. With this item of the agenda the management met the requirements of the new German Act on the Appropriateness of Management Board Remuneration. Already in the previous year the shareholders of SolarWorld AG had given a signal supporting appropriate management salaries in Germany: At the Annual General Meeting in May 2009 shareholders had voted in favor of limiting Management Board pay. The Chairman of the Supervisory Board Dr. Claus Recktenwald, “We continue to be the first and only stock corporation in Germany in which the Management Board, the Supervisory Board and the AGM have reached agreement on the capping of management remuneration. The organs of our company are therefore much closer together than required by the new Act on the Appropriateness of Management Board Remuneration.”

About SolarWorld AG

The SolarWorld AG Group (ISIN: DE0005108401) is a worldwide leader in offering brand-name, high quality, crystalline solar-power technology. Its strength is its fully integrated solar production. From silicon as the raw material through wafers, cells and modules all the way to turn-key solar systems, including recycling, the group combines all stages of the solar value chain. The central business activity is selling quality modules into the installation and distribution trades and crystalline wafers to the international solar cell industry. Group headquarters are located in Bonn, Germany. Production sites are to be found in Germany, the United States and South Korea. The group´s largest production facilities operate in Freiberg, Germany and Hillsboro in the U.S. State of Oregon. Sustainability is the basis of the group strategy. Under the name Solar2World, the group supports care projects using off-grid solar-power solutions in emerging economies and developing countries, exemplifying sustainable economic development. Worldwide, SolarWorld employs more than 2,700 people. SolarWorld AG has been quoted on the stock exchange since 1999 and today is listed on, among others, the TecDAX, ÖkoDAX, Dow Jones STOXX 600 as well as in the sustainability indices DAXglobal Alternative Energy and NAI.

Contact SolarWorld AG

Investor Relations: Tel.-No.: 0228/55920-470;
Fax-No.: 0228/55920-9470,
E-Mail: placement@solarworld.de

Presse: Tel.-No.: 0228/55920-400,

press@solarworld.de
www.solarworld.de



 
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