DGAP-News: SolarWorld AG / Key word(s): Restructure of Company
SolarWorld AG convenes its second noteholders' meetings in July
04.06.2013 / 18:19
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June 4, 2013
Corporate News SolarWorld AG
(Securities Code No.: WKN 510 840)
(International Securities Identification Numbers: ISIN DE0005108401, ISIN
XS0641270045 and ISIN XS0478864225)
SolarWorld AG convenes its second noteholders' meetings in July
Appointment of a noteholders' joint representative
for each of the notes anew on the agenda
- July 8, 2013: Second noteholders' meeting for bond ISIN XS0641270045
(2011/2016)
- July 9, 2013: Second noteholders' meeting for bond ISIN XS0478864225
(2010/2017)
SolarWorld AG invites its noteholders to the second noteholders' meetings
taking place in Bonn on July 8 and July 9 respectively. The main objective
of both noteholders' meetings is again to appoint a noteholders' joint
representative for each bond.
As expected, the first two noteholders' meetings, which took place on May
22 and May 23, 2013, did not have quorum to appoint a noteholders' joint
representative as the noteholders participating represented a value of less
than half of the outstanding bond. For the purpose of appointing a joint
representative, it is thus necessary to convene two individual noteholders'
meeting for each bond. The holders' joint representative shall pool and
represent the interests of all noteholders. The second noteholders'
meetings do not need quorum to pass the resolution concerning the
appointment of a noteholders' representative.
Moreover, at the noteholders' meeting the Management Board of SolarWorld AG
will report on the status of the restructuring process. The restructuring
concept is currently being prepared including all details. SolarWorld
expects that the company will be able to present a concrete proposal to its
noteholders within the next weeks. Resolutions on this concept shall be
passed at further noteholders' meetings. SolarWorld AG endeavours to
organize these meetings also on July 8 and July 9 2013 following the
meetings concerning the appointment of the holders' representative in order
to minimize efforts and expenses for all parties involved.
The second noteholders' meetings for the appointment of the joint
representative will take place at the following dates:
Wednesday, July 8, 2013: bond ISIN XS0641270045 (2011/2016)
Thursday, July 9, 2013: bond ISIN XS0478864225 (2010/2017)
Both meetings begin at 10:00 a.m. Entry is from 8:30 a.m.
Both meetings will take place at Wasserwerk / World Conference Center Bonn
(WCCB),
Hermann-Ehlers-StraÃe 29, 53113 Bonn, Germany
The invitations and conditions for attendence are available to noteholders
at SolarWorld's website at: www.solarworld.de/noteholders-meeting
Noteholders who cannot participate personally at the meetings have the
possibility to grant power of attorney either to a third party or to a
SolarWorld proxy. The proxy will vote strictly according to the explicit
instructions of the issuer of power of attorney. The power of attorney
forms are available on SolarWorld AG's webpage at
www.solarworld.de/noteholders-meeting.
Furthermore, SolarWorld AG offers the possibility to receive information
about future noteholders' meetings within the restructuring process
directly also to noteholders who will not be able to attend to the second
meetings in July. Those who are interested should get registered by sending
an email stating the volume of outstanding bonds held by them to Haubrok
Corporate Events GmbH, a service prodiver authorized by SolarWorld AG:
meldedaten@haubrok-ce.de.
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 2,500 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 â
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. 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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04.06.2013 Dissemination of a Corporate News, transmitted by DGAP - a
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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: DE0005108401, XS0641270045, XS0478864225
WKN: 510840
Listed: Regulierter Markt in Düsseldorf, Frankfurt (Prime
Standard); Freiverkehr in Berlin, Hamburg, München,
Stuttgart; Terminbörse EUREX
End of News DGAP News-Service
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214852 04.06.2013
DGAP-News: SolarWorld AG convenes its second noteholders' meetings in July
| Source: EQS Group AG