DGAP-Adhoc: SolarWorld AG: SolarWorld AG: Annual General Meeting - Extraordinary adjustments - Notice of losses

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SolarWorld AG  / Key word(s): Preliminary Results/AGM/EGM

17.04.2013 20:19

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Ad-hoc Announcement pursuant to § 15 WpHG 

04/17/2013
Ad hoc-Service der SolarWorld AG
(Securities Code No.: WKN 510 840)
(International Securities Identification Number: ISIN DE0005108401)

SolarWorld AG: Annual General Meeting - Extraordinary adjustments - Notice
of losses

The Management Board of SolarWorld AG (ISIN DE0005108401) notifies that a
loss has occurred in the amount of one half of the nominal share capital (§
92 sec. 1 of the German Stock Corporations Act - AktG). According to
current estimates, the equity capital for the 2012 fiscal year in the
individual financial statements prepared according to the German Commercial
Code (HGB) will amount to approximately negative EUR 20 million to negative
EUR 50 million. According to current estimates, losses after taxes in the
amount of negative EUR 520 million to negative EUR 550 million will be
realized for the 2012 fiscal year in the individual financial statements
prepared according to HGB. One fifth of the losses are due to negative
effects on earnings in connection with business developments in 2012 and in
the amount of four fifths due to adjusted valuations for shares in
affiliated businesses and for subsidiaries / loans (financial assets in
terms of § 266 sec. 2 A.III. HGB), which are not cash relevant.
For this reason, the Management Board will at first (instead of the Annual
General Meeting of shareholders) convene an extraordinary meeting of
shareholders pursuant to § 92 sec. 1 AktG at a new point in time.

It is expressly noted that any balance sheet adjustments in the context of
the annual audit may significantly modify the estimates noted above.

Bonn, April 17, 2013

SolarWorld AG
The Management Board

Contact:
SolarWorld AG 
Investor Relations 
Telephone: +49 228/55920-470; Fax-Nr.:+49 228/55920-9470,
Email: placement@solarworld.de; Internet: www.solarworld.de


17.04.2013 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      SolarWorld AG
              Martin-Luther-King-Straße 24
              53175 Bonn
              Germany
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 Announcement                             DGAP News-Service
 
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