SolarWorld AG: Insolvency

Ad hoc Releases

05/10/2017

SolarWorld AG / Key word(s): Insolvency

10-May-2017 / 18:12 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


SolarWorld AG: Insolvency

The management board of SolarWorld AG, after having conducted a diligent review, came to the conclusion today that due to the ongoing price erosion and the development of the business, the Company no longer has a positive going concern prognosis, is therefore over-indebted and thus obliged to file for insolvency proceedings. It is currently under evaluation if a respective obligation to file for insolvency proceedings is also given with regard to affiliated companies of SolarWorld AG.

In light of the foregoing, the management board will now immediately file for insolvency proceedings with the competent local court (court of insolvency).

Contact:
SolarWorld AG
Investor Relations
Tel.-Nr.: 0228/55920-470
E-Mail: placement@solarworld.com


10-May-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de



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