DGAP-News: solarhybrid AG: Annual General Meeting approves full agenda, Michael F. Spitz joins board of directors


DGAP-News: Solarhybrid AG / Key word(s): AGM/EGM
solarhybrid AG: Annual General Meeting approves full agenda, Michael
F. Spitz joins board of directors

01.09.2011 / 17:12

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solarhybrid AG: Annual General Meeting approves full agenda, Michael F.
Spitz joins board of directors

  - Annual General Meeting conducted in Leipzig on August 31st, 2011

  - PricewaterhouseCoopers appointed as new auditors

  - New corporate headquaters in Brilon 

  - Michael F. Spitz appointed to the board of directors

Markranstaedt, September 1st, 2011. Shareholders of solarhybrid AG
(ISIN:DE000A0LR456), listed on the Open Market of the Frankfurt Stock
Exchange, responded positively to both the company's development and
strategy presented at the Annual General Meeting on August 31st, 2011.

In addition to the formal approval for the board of directors and the
supervisory boards' actions in the fiscal year 2010, the shareholders
almost unanimously approved all management proposals. The AGM further
decided to relocate the company's place of business from Markranstaedt to
Brilon in the German Federal State of North Rhine-Westphalia, where
solarhybrid AG's administration is currently located.

Moreover, PricewaterhouseCoopers AG in Stuttgart was appointed as auditors.

In his report, solarhybrid AG CEO Tom Schroeder gave a detailed description
of the company's business model and domestic and international outlook. He
highlighted the strong focus on the development, construction, financing,
and marketing of solar power plants following the sale of the segment
photovoltaic distribution and solar heat in July 2011.

The supervisory board appointed Michael F. Spitz (42) Chief Investment
Officer (CIO). Spitz will join the board of directors and will be
responsible for the division Capital Management as of September 1st, 2011.
He joined the solarhybrid Group in March 2011 as managing director of solar
hybrid capital management GmbH. Prior to this, he was managing director of
Ralos Projects GmbH, a company also actve in the photovoltaic market.
Before this he held senior positions in the investment banking sector,
working for Nomura, Credit Suisse, Commerzbank, and Dresdner Kleinwort in
London, Moscow, and Frankfurt.

 'With the appointment of Michael Spitz, we are adding significant
international experience in distribution to the board. Michael has solid
contacts within the investment banking sector', says Harald Petersen,
chairman of the supervisory board at solarhybrid AG. 'This means we're
consistently developing the value chain that solar hybrid management GmbH
offers our clients. We are looking forward to working with Michael Spitz.'

About solarhybrid AG:
solarhybrid AG develops, plans, and builds utility-scale solar power
plants. It offers its clients integrated technical and financial solutions.
Financing, structuring and sale of the projects is carried out by solar
hybrid capital management GmbH, a 100% subsidiary of solarhybrid AG. Our
competency in technical, organisational and financial project management is
proven by a list of references of completed and commissioned plants
totalling 180 MWp to date. A further 163 MWp are about to be commissioned.
Business is conducted from the locations at Hamburg, Frankfurt on the Main
and Brilon. The company's shares are traded on the Open Market of the
Frankfurt Stock Exchange. Further information on solarhybrid AG can be
found on the Internet at: www.solarhybrid.ag.

Contact:

solarhybrid AG
Albert Klein
CFO
Tel.: +49 2961 / 9 66 46 - 0
akk@solarhybrid.ag

edicto GmbH
Axel Muehlhaus/ Dr. Soenke Knop
Tel.: +49 69 / 90 55 05-51
solarhybrid@edicto.de


End of Corporate News

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137984 01.09.2011