Phoenix Solar Aktiengesellschaft / Capital Increase
02.04.2008
Release 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.
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Phoenix Solar AG to receive EUR 20.8 million from capital increase
Sulzemoos, 2 April 2008 / Under partial utilisation of the Approved Capital
2006 and to the exclusion of shareholder subscription rights, Phoenix Solar
AG (ISIN DE000A0BVU93) has placed 607,500 new no-par bearer shares with
qualified investors. The share capital has thus risen from EUR 6,077,000 to
EUR 6,684,500. The new shares are to be admitted, without a prospectus, to
trading on the official market (Prime Standard) of the Frankfurt Stock
Exchange and are entitled to a share in profits as from 1 January 2007. The
company will receive gross issuing proceeds from the capital increase of
EUR 20,806,875. The funds will be used to finance planned company growth
and to further the internationalisation of the Groups business.
About Phoenix Solar AG
Phoenix Solar AG, which has its headquarters in Sulzemoos near Munich, is a
leading international photovoltaic systems integrator. Until June 2007, the
company, which was set up in 1999, went by the name of Phönix SonnenStrom
AG. The preliminary figures for the financial year 2007 come to EUR 260
million in total revenues, with an EBIT of EUR 22.3 million. The Phoenix
Solar Group anticipates sales considerably in excess of EUR 300 million,
generated in Germany and abroad, for the financial year 2008. Phoenix Solar
AG plans, builds and operates large photovoltaic plants and is a specialist
wholesaler for complete power plants, solar modules and accessories. The
Group is a leader in photovoltaic systems technology. It focuses on the
consistent lowering of system costs. With a sales network which covers the
whole of Germany, and subsidiaries in Spain and Singapore, as well as a
participation in Italy, the Group currently has a workforce of more than
160 employees. The shares of Phoenix Solar AG (ISIN DE000A0BVU93) are
listed on the official market (Prime Standard) of the Frankfurt Stock
Exchange. On 25 March 2008, the shares of the company were admitted to the
TecDAX technology index of Deutsche Börse AG.
Disclaimer
The content of this press release is solely for information purposes and is
not intended to constitute a recommendation for investment or a
solicitation to subscribe or an offer to buy or sell securities of the
company. Phoenix Solar AG shall undertake no liability whatsoever for any
loss in connection with this press release or the information made
available. This also applies particularly to any eventual loss in
connection with the shares of Phoenix Solar AG.
This document contains forward-looking statements on future developments
which are based on managements current assessment. Words such as
'anticipate', 'assume', 'believe', 'estimate', 'expect', 'intend',
'can/could', 'plan', 'project', 'forecast', 'should', and similar terms are
indicative of such forward-looking statements. Such statements are subject
to certain risks and uncertainties which are mainly outside the sphere of
influence of Phoenix Solar AG, but which have an impact on the business
activities, the success, the business strategy and the results. These risks
and factors of uncertainty include, for instance, climatic change, changes
in the state subsidisation of photovoltaics, the introduction of competitor
products or technologies of other companies, the development of the planned
internationalisation of business activities, fierce competition as well as
rapid technological change in the photovoltaic market. If one of these or
other factors of uncertainty or risks should occur, or if the assumptions
underlying the statements should prove incorrect, the actual results may
diverge substantially from the results in these statements or implicit
indications. Phoenix Solar AG does not have the intention nor will it
undertake any obligation to realise forward-looking statements on an
ongoing basis or at a later point in time as this is entirely dependent on
circumstances prevailing on the day of their release.
In some countries, especially in the United States of America, the
dissemination of this press release and the information contained therein
may be restricted or prohibited under the law. This press release is
therefore expressly not intended for persons resident in the United States
of America or any other legal system under which such an offer or
solicitation is not permissible, or for persons for whom such an offer or
invitation would constitute a breach of the law.
Contact:
Phoenix Solar AG
Anka Leiner
Investor Relations
Hirschbergstraße 8
D-85254 Sulzemoos
Tel. +49 (0) 8135 938-315
Fax: +49 (0) 8135 938-399
a.leiner@phoenixsolar.de
www.phoenixsolar.de
Amtsgericht München HRB 129117
Ust-ID Nr. DE 812868419
DGAP 02.04.2008
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Language: English
Issuer: Phoenix Solar Aktiengesellschaft
Hirschbergstraße 8
85254 Sulzemoos
Deutschland
Phone: +49 (0)8135-938-000
Fax: +49 (0)8135-938-099
E-mail: kontakt@phoenixsolar.de
Internet: http://www.phoenixsolar.de
ISIN: DE000A0BVU93
WKN: A0BVU9
Indices: TecDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, München, Düsseldorf, Stuttgart
End of News DGAP News-Service
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DGAP-Adhoc: Phoenix Solar Aktiengesellschaft to receive EUR 20.8 million from capital increase
| Source: EQS Group AG