S.A.G. Solarstrom AG / Miscellaneous
27.07.2010 10:57
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Corporate News
S.A.G. Solarstrom AG: 91% of the convertible bond extended to July 2012
Freiburg, July 27, 2010. Around 91% (EUR9,091,506.40) of S.A.G. Solarstrom
AG's (WKN: 702100, ISIN: DE0007021008) convertible bond issued in 2007 has
been extended to July 29, 2012. 6% (EUR586,198.40) used this year's
conversion period and converted the bond into shares. EUR295,338.40 will be
paid back to holders of the convertible bond at the end of July.
The Executive and Supervisory Boards of S.A.G. Solarstrom AG have decided
to offer the subscribers of the 6.85% convertible bond issued in 2007 an
extension of two years, until July 29, 2012, on the term limited to July
29, 2010. The term of the convertible bond includes conversion periods in
each year. When the bond is extended, the interest rate will be 6.25% from
July 30, 2010 (compared with 6.85% up to July 29, 2009).
After the offer of an extension, the holders of the convertible bond could
either have the convertible bond paid out at the original due date, use
this year's conversion period for complete conversion, or extend the term
of the convertible bond. Of the still outstanding total nominal amount of
EUR9,973,043.20, a total of EUR 9,091,506.40 was extended. Of the remaining
EUR881,536.80, a total of EUR586,198.40 was converted into S.A.G.
Solarstrom AG shares in this year's conversion period up to and including
July 14, 2010. S.A.G. Solarstrom AG will increase capital by this amount
and issue EUR228,605 new no-par bearer shares. The remaining amount of
EUR295,338.40 will be returned to the creditors.
You can find detailed information on the convertible bond on S.A.G.
Solarstrom AG's website under Investor Relations / Convertible Bond.
About S.A.G. Solarstrom AG
S.A.G. Solarstrom AG (German security identification number: 702 100, ISIN:
DE0007021008) of Freiburg i.Br., Germany, are a manufacturer-independent
provider of high-quality photovoltaic plants configured to customers'
individual needs. The group constructs efficient plants of all sizes both
in Germany and abroad. S.A.G. Solarstrom AG also produce solar energy at
their own plants.
S.A.G. Solarstrom AG's service portfolio covers the entire life cycle of
photovoltaic plants, including forecast and energy services, yield reports,
and remote maintenance, as well as insurance and financing. The group thus
offers a comprehensive value chain in photovoltaics, from yield reports,
planning, construction, operations, and monitoring to optimization,
repowering, and deconstruction.
Founded in 1998, S.A.G. Solarstrom AG are considered pioneers in the solar
industry. Around 165 specialists work at the four locations in Germany and
subsidiaries in Italy, Spain, Austria, and Switzerland.
S.A.G. Solarstrom AG are listed in the General Standard of the Frankfurt
Stock Exchange as well as according to the rules and standards M:access of
the Munich Stock Exchange.
Further information: www.solarstromag.com
Contact:
S.A.G. Solarstrom AG
Sasbacher StraÃe 5
79111 Freiburg
Germany
www.solarstromag.com
Public Relations / Investor Relations
Armin Baltzer
phone: +49-(0)761-4770-368
e-mail: pr@solarstromag.com / ir@solarstromag.com
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Language: English
Company: S.A.G. Solarstrom AG
Sasbacher Str. 5
79111 Freiburg
Deutschland
Phone: + 49 761 4770 0
Fax: + 49 761 4770 555
E-mail: mail@solarstromag.com
Internet: www.solarstromag.com
ISIN: DE0007021008
WKN: 702100
Listed: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Berlin, München (m:access), Düsseldorf,
Stuttgart, Hamburg
End of News DGAP News-Service
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DGAP-News: S.A.G. Solarstrom AG: 91% of the convertible bond extended to July 2012
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