S.A.G. Solarstrom AG / Key word(s): Insolvency 28.01.2014 22:17 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Application made for the appointment of an administrator in relation to S.A.G. Solar UK Ltd. Freiburg i. Br., January 28, 2014. A major creditor of S.A.G. Solar UK Ltd., a wholly owned subsidiary of S.A.G. Solarstrom AG (WKN: 702 100, ISIN: DE0007021008), Freiburg i. Br., requested the High Court of Justice, Chancery Division, Companies Court on January 21, 2014 to make an administration order in relation to S.A.G. Solar UK Ltd. The company received the application on January 28, 2014. A hearing to appoint an administrator is scheduled for January 29, 2014. Once an administrator is appointed, insolvency proceedings can be initiated according to English law. For S.A.G. Solarstrom AG, this could mean the loss of receivables, the loss of future potential earnings and a risk that claims will be made on guarantees that have been granted. Delayed accreditation by the responsible authority Ofgem led to the situation that to date, it has not been possible to close the sale of a completed project and thus liquidity inflow could not be realized. Contact: S.A.G. Solarstrom AG Sasbacher StraÃe 5 79111 Freiburg Germany www.solarstromag.com Public Relations / Investor Relations Jutta Lorberg phone: +49-(0)761-4770-311 e-mail: pr@solarstromag.com / ir@solarstromag.com --------------------------------------------------------------------------- Information and Explaination of the Issuer to this News: About S.A.G. Solarstrom AG S.A.G. Solarstrom AG (German security identification number: 702 100, ISIN: DE0007021008) of Freiburg i.Br., Germany, is a manufacturer-independent provider of photovoltaic plants configured to customers' individual needs. The Group constructs plants of all sizes both in Germany and abroad. S.A.G. Solarstrom AG also produces solar energy at its own plants. S.A.G. Solarstrom AG's service portfolio covers the entire life cycle of photovoltaic plants, including forecast and energy services, yield reports, and remote service and maintenance, as well as insurance and financing. The Group thus offers a comprehensive value chain in photovoltaics, from yield reports, planning, construction, operations, and monitoring to optimization, repowering, and deconstruction. S.A.G. Solarstrom AG was founded in 1998. Around 190 specialists work at the four locations in Germany and the foreign subsidiaries. S.A.G. Solarstrom AG is listed in the Prime Standard of the Frankfurt Stock Exchange as well as according to the rules and standards M:access of the Munich Stock Exchange. Further information: www.solarstromag.com 28.01.2014 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: S.A.G. Solarstrom AG Sasbacher Str. 5 79111 Freiburg Germany Phone: + 49 761 4770 0 Fax: + 49 761 4770 555 E-mail: mail@solarstromag.com Internet: www.solarstromag.com ISIN: DE0007021008, DE000A1E84A4, DE000A1K0K53, WKN: 702100, A1E84A, A1K0K5 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München (m:access), Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------
DGAP-Adhoc: S.A.G. Solarstrom AG: Application made for the appointment of an administrator in relation to S.A.G. Solar UK Ltd.
| Source: EQS Group AG