S.A.G. Solarstrom AG i.L.

  • WKN: A1E84A
  • ISIN: DE000A1E84A4
  • Land: Deutschland

Nachricht vom 31.10.2014 | 16:23

S.A.G. Solarstrom AG: Sale to the Shunfeng-Group now concluded; application for delisting

S.A.G. Solarstrom AG  / Key word(s): Delisting

31.10.2014 16:23

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

S.A.G. Solarstrom AG: Sale to the Shunfeng-Group now concluded; application for delisting Freiburg i. Br., October 31, 2014. Today, S.A.G. Solarstrom AG i.I. (WKN: 702 100, ISIN: DE0007021008) successfully concluded the sale of the operative business and the related assets agreed on August 30, 2014 to the SF Clean Energy Group (SV-PV). The remaining stock market listed company will receive the sales price of EUR 65 million in the near future. The payment of the sales price remains subject to the usual price adjustment mechanisms. As the sale is now legally binding, S.A.G. Solarstrom AG i.I. has decided to apply for delisting of the company shares to the regulated market (General Standard) at the Frankfurt Stock Exchange. In light of the ongoing insolvency proceedings, this should reduce the administrative effort and costs associated with the share listing. In light of the ongoing insolvency proceedings, this should reduce the administrative effort and costs associated with the share listing. The delisting is expected to become effective six months after the decision of the Frankfurt Stock Exchange regarding the application and its publication. The company's share listing in the open trading segment m:access of the Munich Stock Exchange is to be terminated shortly. The remaining stock corporation is therefore to be liquidated during the development of the insolvency proceedings. Creditors of the corporation can expect an insolvency quota of almost 50% according to the current status. However, depending on the actual result, the insolvency quota might also be considerably below or above this value. Shareholders will not receive return flows from the winding down of the company. Following the successful conclusion of the transferring reorganization, the operative business of the S.A.G. Solarstrom Group will be continued with all business areas. In future, the new company group will trade under the name of S.A.G. Solar GmbH & Co. KG. All of the jobs will be maintained. The SF Clean Energy Group has offered the management of S.A.G. Solarstrom AG i.I. to continue to manage the new S.A.G. Solar Group. Oliver Günther, board member responsible for sales to date, has decided to decline the offer and will leave the company. Contact: S.A.G. Solarstrom AG Sasbacher Straße 5 79111 Freiburg Germany www.solarstromag.com Public Relations / Investor Relations Jutta Lorberg phone: +49-(0)761-4770-311 e-mail: pr@solarstromag.com / ir@solarstromag.com
Information and Explaination of the Issuer to this News: About S.A.G. Solarstrom AG S.A.G. Solarstrom AG (German security identification number: 702 100, ISIN: DE0007021008) of Freiburg i.Br., Germany, is a manufacturer-independent provider of photovoltaic plants configured to customers' individual needs. The Group constructs plants of all sizes both in Germany and abroad. S.A.G. Solarstrom AG also produces solar energy at its 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 service and 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. S.A.G. Solarstrom AG was founded in 1998. Around 160 specialists work at the four locations in Germany and the foreign subsidiaries. S.A.G. Solarstrom AG is 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 S.A.G. Solarstrom AG Sasbacher Straße 5 79111 Freiburg 31.10.2014 The DGAP 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: S.A.G. Solarstrom AG Sasbacher Str. 5 79111 Freiburg Germany Phone: + 49 761 4770 0 Fax: + 49 761 4770 555 E-mail: mail@solarstromag.com Internet: www.solarstromag.com ISIN: DE0007021008, DE000A1E84A4, DE000A1K0K53, WKN: 702100, A1E84A, A1K0K5 Listed: Regulierter Markt in Frankfurt (General Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München (m:access), Stuttgart End of Announcement DGAP News-Service

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