Conergy AG / Key word(s): Corporate Action/Change of Personnel 27.06.2011 11:53 Dissemination 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. --------------------------------------------------------------------------- Conergy begins with implementation of planned capital measures / Change on the Management Board Hamburg, Germany, 27 June 2011 - After approval of the resolutions passed at the extraordinary shareholders' meeting in February by the Higher Regional Court of the Hanseatic City of Hamburg, Conergy AG has begun with the planned 8-to-1 capital reduction and the subsequent capital increase of around EUR188 m against contribution in cash and in kind. Today, the Management Board and Supervisory Board of Conergy AG came to a decision on the specific details of the implementation of the subscribed capital increase against cash contributions. As part of the subscribed capital increase, ownership of eight of the previous shares (prior to the capital reduction with ISIN DE 0006040025 / WKN 604002) generates an entitlement to subscribe to around 3.77 of the new shares (following the capital reduction with ISIN DE 0006040025 / WKN 604002). The purchase price is EUR 1.05 per new share. The subscription period will be from 29 June 2011 to 12 July 2011 (including these two dates). M.M.Warburg & CO KGaA has been entrusted with the task of conducting the subscription offer. Neither the company nor M.M.Warburg & CO KGaA will initiate trading of the subscription rights. The subscription offer to the shareholders of the company will be published soon in the Electronic Federal Gazette and on the company's website at http://www.conergy-group.com/investor-relations.aspx. Specific details related to the subscribed capital increase can be obtained from the subscription offer itself. Within the context of the preparatory discussions related to the implementation of the capital measures, Andreas Wilsdorf, Board member responsible for sales, announced to the Conergy AG Supervisory Board that he will be resigning from his position at the company with effect from 31 July 2011 for personal reasons not related to the company. At request of the Supervisory Board, Alexander Gorski will take over the responsibility for sales as of 1.8.2011, and has been appointed from Deputy Board Member to full Member of the Management Board. Contact: Christoph Marx Head of Investor Relations Conergy AG Anckelmannsplatz 1 20537 Hamburg Germany T +49 40 271 42 - 1634 F +49 40 271 42 - 1639 27.06.2011 DGAP's 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: Conergy AG Anckelmannsplatz 1 20537 Hamburg Deutschland Phone: +49 (0)40 27 142-1000 Fax: +49 (0)40 27 142-1100 E-mail: info@conergy.de Internet: www.conergy.de ISIN: DE0006040025 WKN: 604002 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: Conergy AG: Conergy begins with implementation of planned capital measures / Change on the Management Board
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