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SolarWorld AG holds extraordinary shareholders' meeting

Announcement by the Management Board on the loss of half of the capital stock according to Section 92 paragraph 1 of the German Stock Corporation Act (AktG)

21-05-13

  • The extraordinary shareholders' meeting is to take place on July 11, 2013 in Bonn.

SolarWorld AG published their preliminary financial statements for the 2012 fiscal year on April 30, 2013. The financial statements were submitted "subject to alterations and unaudited", as the restructuring of the corporate financial liabilities has not yet been completed. According to the accounting regulations stipulated in the German Commercial Code (HGB), SolarWorld AG's financial statements indicate losses totaling 38.3 million euros which are not covered by the company's equity. Thus, losses totaling half of the capital stock have been incurred. Pursuant to section 92 paragraph 1 of the German Stock Corporation Act (AktG), the Management Board is now convening an extraordinary shareholders' meeting for the purpose of announcing this event to the shareholders. Furthermore, the Management Board will report on the status of the restructuring process during the extraordinary shareholders' meeting.

The extraordinary shareholders' meeting of SolarWorld AG will be held on the following date:

Thursday, July 11, 2013 at 11:00 am (doors open at 10:00 am)
at the World Conference Center Bonn (WCCB) / plenar hall
Platz der Vereinten Nationen 2, 53113 Bonn


The Annual General Meeting 2013 of SolarWorld AG can only be called after the auditing of the 2012 consolidated financial statements has been completed by the auditor, received an audit certificate and been approved by the SolarWorld AG Supervisory Board. SolarWorld AG will inform its shareholders of further meetings in a timely manner.

Shareholders can find further information on the extraordinary shareholders' meeting being held on July 11, 2013 as well as the invitation to the meeting at www.solarworld.de/aohv2013.

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 2,600 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.

Contact:
SolarWorld AG Investor Relations
Phone: +49 228 55920-470; Fax: +49 228 55920-9470,
E-Mail: placement@solarworld.de



 
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