SolarWorld Completes Restructure

24-02-14  — As part of financial restructuring, the implementation of the swap capital increase against contributions in kind for SolarWorld was entered in the Commercial Register today. Thereby, financial liabilities of SolarWorld were reduced from about one billion € by € 570 million to € 427 million. SolarWorld’s financial restructuring, started in January 2013, is now closed.

Through the swap capital increase against contributions in kind, approved in an extraordinary shareholders’ meeting on Aug. 7, 2013, the capital stock of € 744,800.00 was increased by € 14,151,200.00 to € 14,896,000.00. Thus, 14,151,200 no-par value bearer shares with an imputed nominal value of € 1.00 per share were issued.

The new no-par value bearer shares are entitled to profit participation as of Jan. 1, 2014 and have the International Securities Identification Number (ISIN: DE000A1YDED6). The new shares are expected to be quoted on the stock exchange as of March 5, 2014.

After the swap capital increase against contributions in kind, the capital stock of SolarWorld AG amounts to € 14,896,000.00 and is divided into 14,151,200 no-par-value bearer shares with a pro rata share in capital stock of € 1.00 per share (New Shares, ISIN: DE000A1YDED6) and 744,800 no-par value bearer shares with a pro rata share in capital stock of € 1.00 per share (Old Shares, ISIN DE000A1YCMM2). After the next Annual General Meeting, which should take place on May 30, 2014, the new shares will be listed together with the old shares under the ISIN DE000A1YCMM2.

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