DGAP-News: SolarWorld AG / Key word(s): Miscellaneous
Colette Rückert-Hennen new on SolarWorld AG Management Board
06.07.2011 / 12:08
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July 6, 2011
Corporate News SolarWorld AG
(Securities Code No.: WKN 510 840)
(International Securities Identification Number: ISIN DE0005108401)
Colette Rückert-Hennen new on SolarWorld AG Management Board
SolarWorld AG floats EUR 150 million bond
Against the background of the growth and the increasing
internationalization, SolarWorld AG has expanded its Management Board.
Effective July 1, 2011, the Supervisory Board appointed Colette
Rückert-Hennen as a new member of the Management Board in the function of
Chief Human Resources and Brand Officer. The lawyer will take over
responsibility for these areas by the side of her four Management Board
colleagues. She is a recognized expert and has long years of experience in
international management.
Dr. Claus Recktenwald, Chairman of the Supervisory Board, said on the
appointment of the new member of the Management Board: 'With Mrs.
Rückert-Hennen, the Management Board of SolarWorld AG gains an
internationally experienced and highly qualified management personality. I
very much look forward to the cooperation.'
Dr.-Ing. E. h. Frank Asbeck, Chairman and CEO of SolarWorld AG, welcomes
the appointment: 'With Colette Rückert-Hennen, the right woman joins
SolarWorld at the right time. Our employees and the SolarWorld brand are
our most important assets and our competitive advantages for our future
international corporate success. With her wealth of experience and her
personality, she will help us make progress in these areas.'
Floating of a 150 million bond for further growth
Also with a view to financing its further growth SolarWorld AG has
strengthened its position and has successfully issued a bond with a volume
of EUR 150 million. The bond has a time to maturity of five years and will
carry an interest rate of 6.375 percent per annum. The denomination amounts
to EUR 1,000. It is planned to list the bond at the Luxembourg stock
exchange: WKN: A1H3W6, ISIN: XS0641270045, Common Code: 064127004.
The bond has mainly been placed with financial institutes and
intermediaries in the private investment sector in Germany and other
European countries. Commerzbank AG and Deutsche Bank AG are the joint lead
managers of the transaction.
Philipp Koecke, CFO of SolarWorld AG: 'We are happy that we again managed
to gain the trust of the capital market and to float a bond successfully.
It forms another building block for the financing of the international
growth of the company.' In 2010, the group had already issued a bond.
About SolarWorld AG: The SolarWorld AG Group (ISIN: DE0005108401) is a
worldwide leader in offering brand-name, high quality, crystalline
solar-power technology. Its strength is its fully integrated solar
production. From silicon as the raw material through wafers, cells and
modules all the way to turn-key solar systems of all sizes, the group
combines all stages of the solar value chain. The central business activity
is selling quality modules into the installation and distribution trades
and crystalline wafers to the international solar cell industry. Group
headquarters are located in Bonn, Germany. The group's largest production
facilities operate in Freiberg, Germany and Hillsboro in the U.S. State of
Oregon. Sustainability is the basis of the group strategy. Under the name
Solar2World, the group supports care projects using off-grid solar-power
solutions in developing countries, exemplifying sustainable economic
development. Worldwide, SolarWorld employs more than 3,600 people.
SolarWorld AG has been quoted on the stock exchange since 1999 and today is
listed on, among others, the TecDAX and ÃkoDAX as well as in the
sustainability index NAI.
Contact:
SolarWorld AG Investor Relations / Group Communications
Tel.-No.: 0228/55920-470; Fax-No.: 0228/55920-9470,
E-Mail: placement@solarworld.de; Internet: www.solarworld.de
End of Corporate News
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Language: English
Company: SolarWorld AG
Martin-Luther-King-StraÃe 24
53175 Bonn
Deutschland
Phone: +49 (0)228 - 559 20 470
Fax: +49 (0)228 - 559 20 9470
E-mail: placement@solarworld.de
Internet: www.solarworld.de
ISIN: DE0005108401
WKN: 510840
Listed: Regulierter Markt in Düsseldorf, Frankfurt (Prime
Standard); Freiverkehr in Berlin, Hamburg, München,
Stuttgart; Terminbörse EUREX
End of News DGAP News-Service
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131072 06.07.2011
DGAP-News: Colette Rückert-Hennen new on SolarWorld AG Management Board
| Source: EQS Group AG