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SolarWorld AG Annual General Meeting votes to increase dividend to € 0.19

24-05-11

At today’s twelfth ordinary Annual General Meeting, the roughly 1,100 shareholders and shareholder representatives who were present approved all items of the agenda and discharged the members of the Management Board and of the Supervisory Board.

In fiscal year 2010, consolidated net income rose by 48.0 percent to € 87.3 million. Due to this successful development, the Supervisory Board and the Management Board proposed to the Annual General Meeting an increase of the dividend to € 0.19 (2010: € 0.16) per dividend-bearing individual share certificate. The payout will be made on May 25, 2011. Hence, the shareholders will participate in the company’s success for the eleventh time in succession. “The name SolarWorld stands for dividend continuity,” said Dr.-Ing. E.h. Frank Asbeck, Chairman and Chief Executive Officer of SolarWorld AG. The remaining balance sheet profit of SolarWorld AG will be allocated to other revenue reserves. “In this way, we are strengthening the equity capital base of SolarWorld for the further expansion of SolarWorld in the global solar markets,” Dr.-Ing. E.h. Frank Asbeck went on to explain.

In the course of the Annual General Meeting, the Chairman of the Supervisory Board, Dr. Claus Recktenwald, announced the planned expansion of the Management Board, which previously consisted of four members. Colette Rückert-Hennen will take over the new function of Chief Human Resource and Brand Officer and be appointed by the Supervisory Board as of July 1, 2011. The qualified lawyer has many years of management experience. Dr. Claus Recktenwald: “With Colette Rückert-Hennen, the Management Board of SolarWorld AG gains an internationally experienced and highly qualified manager for the areas of human resources management and brand development.“

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 of all sizes, 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. 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 developing countries, exemplifying sustainable economic development. Worldwide, SolarWorld employs more than 3,600 people. SolarWorld AG has been quoted on the stock exchange since 1999 and today is listed on, among others, the TecDAX and ÖkoDAX as well as in the sustainability index NAI.

Contact:
SolarWorld AG Investor Relations / Corporate Communications
Tel.-No.: 0228/55920-470; Fax-No.: 0228/55920-9470,
E-Mail: placement@solarworld.de; Internet: www.solarworld.de



 
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