DGAP-Adhoc: S.A.G. Solarstrom AG: Sale to the Shunfeng-Group now concluded; application for delisting


S.A.G. Solarstrom AG  / Key word(s): Delisting

31.10.2014 16:23

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

S.A.G. Solarstrom AG: Sale to the Shunfeng-Group now concluded; application
for delisting
 
Freiburg i. Br., October 31, 2014. Today, S.A.G. Solarstrom AG i.I. (WKN:
702 100, ISIN: DE0007021008) successfully concluded the sale of the
operative business and the related assets agreed on August 30, 2014 to the
SF Clean Energy Group (SV-PV). The remaining stock market listed company
will receive the sales price of EUR 65 million in the near future. The
payment of the sales price remains subject to the usual price adjustment
mechanisms.

As the sale is now legally binding, S.A.G. Solarstrom AG i.I. has decided
to apply for delisting of the company shares to the regulated market
(General Standard) at the Frankfurt Stock Exchange. In light of the ongoing
insolvency proceedings, this should reduce the administrative effort and
costs associated with the share listing.
In light of the ongoing insolvency proceedings, this should reduce the
administrative effort and costs associated with the share listing. The
delisting is expected to become effective six months after the decision of
the Frankfurt Stock Exchange regarding the application and its publication.
The company's share listing in the open trading segment m:access of the
Munich Stock Exchange is to be terminated shortly.

The remaining stock corporation is therefore to be liquidated during the
development of the insolvency proceedings. Creditors of the corporation can
expect an insolvency quota of almost 50% according to the current status.
However, depending on the actual result, the insolvency quota might also be
considerably below or above this value.
Shareholders will not receive return flows from the winding down of the
company.

Following the successful conclusion of the transferring reorganization, the
operative business of the S.A.G. Solarstrom Group will be continued with
all business areas. In future, the new company group will trade under the
name of S.A.G. Solar GmbH & Co. KG. All of the jobs will be maintained. The
SF Clean Energy Group has offered the management of S.A.G. Solarstrom AG
i.I. to continue to manage the new S.A.G. Solar Group. Oliver Günther,
board member responsible for sales to date, has decided to decline the
offer and will leave the company.



Contact:
S.A.G. Solarstrom AG
Sasbacher Straße 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 160 specialists work at
the four locations in Germany and the foreign subsidiaries.

S.A.G. Solarstrom AG is listed in the General 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 

S.A.G. Solarstrom AG
Sasbacher Straße 5
79111 Freiburg

31.10.2014 The DGAP 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 (General Standard);
              Freiverkehr in Berlin, Düsseldorf, Hamburg, München
              (m:access), Stuttgart
 
End of Announcement                             DGAP News-Service
 
---------------------------------------------------------------------------