S.A.G. Solarstrom AG / Key word(s): Insolvency 13.02.2014 21:30 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. --------------------------------------------------------------------------- S.A.G. Solarstrom AG: Opening of general insolvency proceedings as per March 1, 2014 Freiburg i. Br., 13th February 2014. The Executive Board of S.A.G. Solarstrom AG (WKN: 702 100, ISIN: DE0007021008) decided today to lead the insolvency proceeding which had so far been managed in self-administration, into general insolvency proceedings on the date of the proceedings being opened, which is expected on March 1, 2014. This decision was made in agreement with the provisional trustee Dr. Jörg Nerlich. The proceedings, which S.A.G. Solarstrom AG initiated by filing the application for insolvency on December 13, 2013, and which is running according to its objective of continuing operation of the company with its present structure, will continue to be managed in self-administration until they are opened. The opening proceedings have shown that both investors and creditors have only limited experience with the comparably new process of self-administered insolvency. The parties involved agree that the company can be restructured and reorganized more simply and more quickly using the means of insolvency proceedings through the better-known general insolvency proceedings. The objective of the insolvency proceedings remains unchanged: restructuring and reorganizing the company and all its business units, a process which will continue to be co-determined by the company's Executive Board. 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 13.02.2014 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: Opening of general insolvency proceedings as per March 1, 2014
| Source: EQS Group AG