DGAP-News: SolarWorld AG / Key word(s): AGM/EGM/Change of Personnel
SolarWorld AG: Shareholders elect five new members of the Supervisory
Board
30.05.2014 / 20:09
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Actions of Management Board and Supervisory Board in fiscal years 2012 and
2013 ratified by large majorities
Today, about 250 shareholders attended the first Annual General Meeting of
SolarWorld AG since the completion of financial restructuring. The meeting
took place in Bonn, Germany. Including shareholders who voted by absentee
ballot, about 69 percent of the capital were represented. The proposed
resolutions of the Management Board and Supervisory Board were approved by
large majorities. These included the election of five new Supervisory Board
members - in each case by more than 99 percent of capital represented.
Together with Dr. Georg Gansen, who was appointed in the previous year, the
Supervisory Board of SolarWorld AG now comprises six members (in
alphabetical order):
Dr. Khalid K. Al Hajri, Doha, Qatar
Faisal M. Alsuwaidi, Doha, Qatar
Heiner Eichermüller, Scottsdale/Arizona, United States
Dr. Georg Gansen, Bonn, Germany
Dr. Andreas PleÃke, Herrsching am Ammersee, Germany
Jürgen Wild, Vaucresson, France
The composition of the Supervisory Board reflects the changed shareholder
structure following the financial restructuring. The five members elected
today were found among the new shareholder groups. After the Annual General
Meeting, the Supervisory Board convenes for its first meeting to appoint
the future chairman and his deputy. The decision will be announced on the
SolarWorld AG website.
The expansion of the Supervisory Board from three to six persons was
approved by the extraordinary shareholders' meeting of SolarWorld AG on
August 7, 2013. The former long-serving chairman of the Supervisory Board
Dr. Claus Recktenwald and Board member Marc M. Bamberger did not stand for
re-election at today's Annual General Meeting.
"On behalf of the Management Board of SolarWorld AG, I would like to thank
our two departing Supervisory Board members for their great commitment,
especially during the difficult phase of financial restructuring. As
chairman of the Supervisory Board, Dr. Claus Recktenwald has been with our
company since its establishment in 1998 and has played an important role in
SolarWorld's history. I am looking forward to an equally trusting and
constructive relationship with the new Supervisory Board," said Dr.-Ing. E.
h. Frank Asbeck, CEO of SolarWorld AG.
Actions of Management Board and Supervisory Board ratified
By majorities of more than 99 percent, shareholders ratified the actions of
the Management Board and Supervisory Board for fiscal year 2012.
Ratification of actions for the fiscal year before last (2012) could not be
granted until today's Annual General Meeting, which follows the adoption of
the annual financial statements as of December 31, 2012 on January 24,
2014. This had not been possible in 2013, as the company's financial
restructuring was still ongoing. By majorities of more than 99 percent,
shareholders also ratified the actions of the Management Board and
Supervisory Board for fiscal year 2013.
New authorized capital created
Furthermore, by about 97 percent of capital represented, shareholders voted
to authorize the Management Board of SolarWorld AG to increase the
company's share capital by issuing new, no-par bearer shares or registered
shares in exchange for cash contributions or contributions in kind. The aim
is to enable the company to respond to market conditions while minimizing
the negative impact on its share price. The resolution passed today allows
the Management Board to increase share capital once or several times in the
period until May 30, 2019, with the approval of the Supervisory Board, up
to a total of EUR 7,448,000.00. The Articles of Association of SolarWorld
AG will be amended accordingly.
Old and new shares to be traded under same ISIN from June 2, 2014
14,896,000 shares have been in circulation since the completion of
financial restructuring on February 24, 2014. Five percent of the share
capital is attributable to the old SolarWorld shares with the international
securities identification number (ISIN) DE000A1YCMM2. The new shares make
up the remaining 95 percent (ISIN DE000A1YDED6). The two shares had to
trade under separate ISINs until the adopted annual financial statements
for fiscal years 2012 and 2013 had been submitted to the Annual General
Meeting. This happened today. As a result, with the start of the next
trading day, i.e. from June 2, 2014, both shares will be listed under the
same ISIN DE000A1YCMM2.
The resolutions and voting results from the Annual General Meeting of
SolarWorld AG will be published at www.solarworld.de/agm2014.
SolarWorld REAL VALUE: SolarWorld manufactures and sells solar power
solutions and in doing so contributes to a cleaner energy supply worldwide.
The group, headquartered in Bonn, Germany, employs approximately 3,200
people and carries out production in Freiberg, Germany; Arnstadt, Germany;
and Hillsboro, USA. From raw material silicon to solar wafers, cells and
modules, SolarWorld manages all stages of production â including its own
research and development. Through an international distribution network
with locations in Europe, USA, Singapore and South Africa, SolarWorld
supplies customers all over the world. The company maintains high social
standards at all locations across the globe, and has committed itself to
resource- and energy-efficient production. SolarWorld was founded in 1998
and has been publically traded on the stock market since 1999. More
information at www.solarworld.de/en
Contact:
SolarWorld AG Investor Relations
Phone: +49 228 55920-470; Fax: +49 228 55920-9470,
Email: placement@solarworld.de; Internet:
www.solarworld.de/en/investor-relations
End of Corporate News
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Language: English
Company: SolarWorld AG
Martin-Luther-King-StraÃe 24
53175 Bonn
Germany
Phone: +49 (0)228 - 559 20 470
Fax: +49 (0)228 - 559 20 9470
E-mail: placement@solarworld.de
Internet: www.solarworld.de
ISIN: DE000A1YCMM2, DE000A1YDED6, DE000A1YDDX6, DE000A1YCN14
WKN: A1YCMM, A1YDED, A1YDDX, A1YCN1
Listed: Regulierter Markt in Düsseldorf, Frankfurt (Prime
Standard); Freiverkehr in Berlin, Hamburg, München,
Stuttgart
End of News DGAP News-Service
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271515 30.05.2014
DGAP-News: SolarWorld AG: Shareholders elect five new members of the Supervisory Board
| Source: EQS Group AG