HONG KONG, March 20, 2017 (GLOBE NEWSWIRE) -- SPI Energy Co., Ltd. (“SPI Energy” or the “Company”) (NASDAQ:SPI), a global clean energy market place for business, residential, government and utility customers and investors, today announced that The Bank of New York Mellon, the depositary for the Company’s American depositary shares (“ADS”) facility, issued a notice on March 17, 2017 to holders of the Company’s ADSs stating that it would terminate the Company's ADS facility on June 19, 2017. A copy of the termination notice is attached to this press release as Exhibit A.
The Company is in the process of selecting a successor depositary to administer the Company's ADS facility and will provide an update to investors on or before June 19, 2017.
About SPI Energy Co., Ltd.
SPI Energy Co., Ltd. is a global provider of photovoltaic (PV) solutions for business, residential, government and utility customers and investors. SPI Energy focuses on the downstream PV market including the development, financing, installation, operation and sale of utility-scale and residential solar power projects in China, Japan, Europe and North America. The Company operates an innovative online energy e-commerce and investment platform, www.solarbao.com, which enables individual and institutional investors to purchase innovative PV-based investment and other products; as well as www.solartao.com, a B2B e-commerce platform offering a range of PV products for both upstream and downstream suppliers and customers. The Company has its operating headquarters in Hong Kong and maintains global operations in Asia, Europe, North America and Australia.
For additional information, please visit: www.spisolar.com, www.solarbao.com or www.solartao.com.
Exhibit A http://www.globenewswire.com/NewsRoom/AttachmentNg/27768d24-3619-488a-aa96-934ed237a71a
