SolarWorld AG: Necessity of restructuring and positive going concern prognosis

Ad hoc Releases

2013-01-24 19:24:12.0


SolarWorld AG / Key word(s): Miscellaneous

24.01.2013 19:24

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------
Ad-hoc Announcement pursuant to § 15 WpHG

01/24/2013
Ad hoc-Service der SolarWorld AG
(Securities Code No.: WKN 510 840)
(International Securities Identification Number: ISIN DE0005108401)

SolarWorld AG: Necessity of restructuring and positive going concern
prognosis

In light of the anticompetitive market environment, the Management of
SolarWorld AG (ISIN: DE0005108401) has initiated an external experts'
review on the company's business plan in particular with regard to its
anticipated earnings and financial planning.

On the basis of the business plan, checked on plausibility by the external
experts, the Management is of the opinion that serious adjustments on the
debt side are necessary, in particular with regard to the bonds (ISIN
XS0478864225 und ISIN XS0641270045) and the assignable bank loans.
Simultaneously, SolarWorld AG is of the opinion that there is a predominant
degree of probability that the necessary financial restructuring and
necessary operational measures can be achieved in the best interest of all
parties and a positive going concern prognosis is thus given.

The Management will permanently review the going concern prognosis and will
initiate solution orientated discussions.

SolarWorld AG
The Management

Contact:
SolarWorld AG
Investor Relations
Telephone: +49 228/55920-470; Fax-Nr.:+49 228/55920-9470,
Email: placement@solarworld.de; Internet: www.solarworld.de


24.01.2013 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---------------------------------------------------------------------------

Language: English
Company: SolarWorld AG
Martin-Luther-King-Straße 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
WKN: 510840
Indices:  TecDAX
Listed:  Regulierter Markt in Düsseldorf, Frankfurt (Prime Standard);
Freiverkehr in Berlin, Hamburg, München, Stuttgart;
Terminbörse EUREX
 
End of Announcement DGAP News-Service
---------------------------------------------------------------------------


<- Back