SolarWorld publishes offer document to take over Solarparc (Kopie 1)
Approval given by BaFin / Document available as of now
Period of acceptance starts on Dec. 31, 2010 and ends on Jan. 28, 2011
After approval by the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin), SolarWorld AG published the offer document for the voluntary public take-over of all shares of Solarparc AG as announced on Nov. 15, 2010.
The offer made by SolarWorld AG is that shareholders of Solarparc AG will receive one no par value bearer share of SolarWorld AG for each Solarparc AG share they agree to exchange.
The three-month average stock price for the shares of Solarparc AG determined by the Federal Financial Supervisory Authority (BaFin) as being applicable on the cut-off date of Nov. 14, 2010 amounts to € 6.99; the three-month average stock price of SolarWorld shares determined in the same way amounts to€ 9.46. The value of the shares given in return is thus some 26 percent higher than the average stock price of the Solarparc shares.
According to the conditions of the offer documents, Solarparc AG shareholders can accept the offer of SolarWorld AG for their shares in the period from Dec. 31, 2010 to Jan. 28, 2011. To this end, the respective shareholders have to send a written declaration to this effect to their custodian (depot bank).
With the take-over, SolarWorld AG intends to forward integrate further its project business and to expand it internationally. The stake already held by SolarWorld AG in Solarparc AG before the decision to submit a take-over offer amounts to 28.47 percent of the capital stock and of the voting rights.
The offer document has been published on the internet with immediate effect at www.solarworld.de. In addition, printed versions of the offer document are available free of charge from SolarWorld AG, Martin-Luther-King-Straße 24, 53175 Bonn, phone: +49 (0)228 559 20 470, fax: +49 (0)228 559 20 9470, e-mail: email@example.com as well as from WGZ Bank AG WestdeutscheGenossenschafts-Zentralbank, Ludwig-Erhard-Allee 20, 40227 Düsseldorf, phone: +49 (0)211 778 2881, fax: +49 (0)211 778 2888, e-mail: firstname.lastname@example.org.
Note: This Corporate News constitutes neither an offer to exchange shares nor an invitation to make an offer to exchange shares of Solarparc AG. This Corporate News is not a prospectus either. To the extent that this Corporate News contains future-oriented statements, these are based on plans, estimates and forecasts currently available to SolarWorld AG. Such statements will not be adjusted even in the light of new information or future events. By their very natures, future-oriented statements contain factors of risk and uncertainty. For any risks in connection with the take-over offer, please refer to the description in the offer document.
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 about 3,300 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 index NAI.
Contact: SolarWorld AG Investor Relations / Corporate Communication,
phone: +49 (0) 228 559 20 470; fax: +49 (0) 228 559 20 9470,