SCHOTT Solar AG / IPO
08.10.2008
Release of a Adhoc News, transmitted by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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SCHOTT Solar AG calls off IPO at this time
Mainz, 8 October 2008 SCHOTT Solar AG together with SCHOTT AG and the
Joint Global Coordinators and Joint Bookrunners, Commerzbank, Deutsche Bank
and J.P. Morgan have decided to call off the planned IPO at this time.
The decision was prompted by the dramatic deterioration in international
capital market conditions in the past days. Once the capital market
environment has settled on a sustained basis, the next steps will be
considered.
The operating activities of SCHOTT Solar will remain unaffected by this
decision. Funding of the companys growth plans is secured by SCHOTT AG.
* * *
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR
INTO THE UNITED STATES OF AMERICA, CANADA, JAPAN AND AUSTRALIA.
* * *
This publication constitutes neither an offer to sell nor an invitation to
buy securities. The shares in SCHOTT Solar AG (the 'Shares') may not be
offered or sold in the United States of America or to or for the account or
benefit of 'U.S. persons' (as such term is defined in Regulation S under
the Securities Act of 1933, as amended (the 'Securities Act')) absent
registration or an exemption from registration under the Securities Act.
The Shares have not been and will not be registered under the Securities
Act. No offer or sale of securities is being made to the public outside
Germany.
In Germany, the offer is made exclusively by means of and on the basis of
the German language Offering Memorandum. The German language Offering
Memorandum (including its supplements) is available free of charge on the
Company's website www.schottsolar.de. On request, it may also be obtained
in printed form from the Company (Hattenbergstr. 10, 55122 Mainz) and
Commerzbank AG, Kaiserstraße 16 (Kaiserplatz), 60311 Frankfurt/Main,
Deutsche Bank AG, Grosse Gallusstraße 10-14, 60311 Frankfurt/Main, J.P.
Morgan Securities Ltd., Junghofstraße 14, 60311 Frankfurt/Main, and
Landesbank Baden-Württemberg, Am Hauptbahnhof 2, 70173 Stuttgart, during
the regular business hours.
This document is only being distributed to and is only directed at (i)
persons who are outside the United Kingdom or (ii) to investment
professionals falling within Article 19(5) of the Financial Services and
Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the
'Order') or (iii) high net worth companies and other persons to whom it may
lawfully be communicated, falling within Article 49(2)(a) to (d) of the
Order (all such persons in (i), (ii) and (iii) above together being
referred to as 'relevant persons'). The securities are only available to,
and any invitation, offer or agreement to subscribe for, purchase or
otherwise acquire such securities will be engaged in only with, relevant
persons. Any person who is not a relevant person should not act or rely on
this document or any of its contents.
About SCHOTT Solar AG:
SCHOTT Solars high quality products exploit the virtually inexhaustible
potential of the sun as a renewable source of energy. For this purpose
SCHOTT Solar produces important components for photovoltaic applications
and solar energy plants with parabolic trough technology. In the
photovoltaic industry, the company is one of the few integrated
manufacturers of crystalline silicon wafers, solar cells and photovoltaic
modules. Wafer production is mainly carried out through a WACKER SCHOTT
Solar joint venture, which ensures the supply of silicon necessary for
long-term growth. Thanks to over 20 years of experience in thin-film
technology, SCHOTT Solar also regards itself as one of the industrys
cutting-edge companies. In receiver production for solar power plants with
parabolic trough technology, SCHOTT Solar considers itself to be the market
and technology leader. The receivers are key components in large-scale
power plants that generate electricity from solar energy centrally on the
basis of parabolic trough technology and can supply entire cities with
power. SCHOTT Solar has production facilities in Germany, the Czech
Republic, the USA and Spain. SCHOTT Solars innovative power and
technological expertise date back to the late 1950s. Main shareholder of
SCHOTT Solar AG is SCHOTT AG, Mainz. SCHOTT develops special materials,
components and systems for the household appliance, pharmaceutical, solar
energy, electronics, optical and automotive industries. With around 16,700
employees, the SCHOTT Group generated a worldwide turnover of about EUR 2.1
billion in fiscal year 2006/2007.
Contact:
SCHOTT Solar AG
Lars Waldmann
Presse und Öffentlichkeitsarbeit
Tel: +49 (0)6023 - 91 1811
Fax: +49 (0)6023 - 91 1700
lars.waldmann@schott.com
www.schottsolar.de
Haubrok Investor Relations GmbH
Michael Werneke/Simone Gorny
Tel: +49 (0)211 - 30126 130
Fax: +49 (0)211 - 30126 5130
ir.schottsolar@haubrok.de
www.haubrok.de
DGAP 08.10.2008
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Language: English
Issuer: SCHOTT Solar AG
Hattenbergstraße
55122 Mainz
Deutschland
Phone: +49 (0) 6023 / 91-05
Fax: +49 (0) 6023 / 91-1700
E-mail: ir.schottsolar@haubrok.de
Internet: www.schottsolar.com
ISIN: DE000A0RAS03
WKN: A0RAS0
Listed: Regulierter Markt in Frankfurt (Prime Standard)
Notierung vorgesehen / designated to be listed
End of News DGAP News-Service
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DGAP-Adhoc: SCHOTT Solar AG calls off IPO at this time
| Source: EQS Group AG