S.A.G. Solarstrom AG i.L.
S.A.G. Solarstrom AG: Executive Board of S.A.G. Solarstrom AG will not take over management of S.A.G. Solar GmbH & Co. KG
S.A.G. Solarstrom AG / Key word(s): Miscellaneous Executive Board of S.A.G. Solarstrom AG will not take over management of S.A.G. Solar GmbH & Co. KG Freiburg i. Br., December 12, 2014. The current members of the executive board of S.A.G. Solarstrom AG, a company under insolvency proceedings, (German security identification number: 702 100, ISIN: DE0007021008), comprising the chairman Dr. Karl Kuhlmann and Mr Ulrich Kenk and Ms Karin Schopf, will not be part of the management of S.A.G. Solar GmbH Co. KG, part of the Shunfeng International Clean Energy Group which acquired material parts of the businesses of S.A.G. Solarstrom AG group by agreement dated 30 August 2014. No agreement could be reached that the members of the executive board would work for Shunfeng International Clean Energy Group going forward. The three board members of S.A.G. Solarstrom AG believe that Shunfeng International Clean Energy Group has a very good chance of positioning itself as one of the leading international solar providers in the future. The executive board of S.A.G. Solarstrom AG will therefore support the integration process until the end of 2014. “S.A.G. Solarstrom AG’s executive board has supported both the investor and integration processes with great commitment and dedication, and has thus significantly contributed to a successful conclusion”, says Dr. Jörg Nerlich, insolvency administrator of S.A.G. Solarstrom AG “for which I would like to express my sincere gratitude. I am very happy that the executive board has confirmed that it will continue to support liquidation tasks not associated with the sale of the parts of S.A.G. Solarstrom AG to the Shunfeng Group”. S.A.G. Solarstrom AG will be liquidated under the continuing insolvency process, as already reported. The shares in S.A.G. Solarstrom AG will be delisted on the Frankfurt Stock Exchange on May 19, 2015, the listing in the exchange segment m:access of the Munich Stock Exchange will end on December 30, and the listing on the open market will end on April 30.
More information: www.solarstromag.com S.A.G. Solarstrom AG (i.L.) Investor Relations / Public Relations 12.12.2014 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. 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 News | DGAP News-Service |
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