Board of Management of SolarWorld AG Decides on Share Repurchase
SolarWorld AG Starts Share Repurchase Program
Today the Board of Management of SolarWorld AG decided to make use of the authorization granted by the annual shareholders meeting on 20 May 2009 concerning the repurchase of company shares according to § 71 Abs. (1) Nr. 8 of the German Stock Companies Act (AktG) in the amount of up to 10 per cent of the companies capital stock. The shares may be used for all purposes mentioned in the shareholders authorization. The authorization which also includes the withdrawal of shares is limited to the end of 20 November 2010. The acquisition shall be effected via stock exchange or via public offer addressed to all shareholders; the acquisition price per share to be paid by the company may, excluding costs and fees, in no way exceed the highest market price assessed on the acquisition day in the floor and computer trade sector of the Frankfurt Stock Exchange. The price may lie at a maximum of 15 percent below it. In the case of a public offer to acquire the shares, the offered and paid price of acquisition per share may lie up to 15 per cent above the highest stock exchange price of the third trading day before the release of the offer to acquire the shares.
The repurchase of maximum 10 per cent of the shares shall start on 12 May 2010.
SolarWorld AG Investor Relations / Corporate Communications