DGAP-Adhoc: Phoenix Solar AG Appoints New CEO


Phoenix Solar Aktiengesellschaft  / Key word(s): Change of Personnel

19.12.2014 21:20

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.

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Phoenix Solar AG Appoints New CEO

  - Tim P. Ryan takes the lead at photovoltaic system integrator as of 1
    January 2015

  - Comprehensive experience in sales management and leadership of
    international businesses in the solar industry

Sulzemoos, 19 December 2014 / Phoenix Solar AG (ISIN DE000A0BVU93), an
international photovoltaic system integrator listed in the Prime Standard
of the Frankfurt Stock Exchange, announces that the Supervisory Board today
appointed Tim P. Ryan as a new member of the Management Board and as the
new Chief Executive Officer of the company. Previously he served as Senior
Vice President of the then Q-Cells AG and among other held managing
positions at Oerlikon Solar and was active for the then REC Solar. Tim P.
Ryan, originally from the USA, has a comprehensive track record in
developing and leading international businesses, including sales
management, in particular in the solar industry in the USA, Asia and the
Middle East. He will assume his position as of 1 January 2015.

Phoenix Solar AG
Hirschbergstr. 4
85254 Sulzemoos
ISIN DE000A0BVU93, WKN A0BVU9.
Stock exchanges: XETRA, Frankfurt am Main (Prime Standard), Munich
(M:access), Stuttgart, Berlin, Düsseldorf, Hamburg, Hanover

Contact
Dr. Joachim Fleïng
Tel.: +49 (0)8135 938315
j.fleing@phoenixsolar.de

About Phoenix Solar AG
Phoenix Solar AG, which has its headquarters in Sulzemoos, near Munich,
Germany, is an internationally operating photovoltaic system integrator.
The Group develops, plans, constructs and assumes operational management of
large photovoltaic power plants, and is a specialist wholesaler for
complete solar electricity systems, solar modules and related equipment.
With its subsidiaries on three continents, the company has sold solar
modules with an output of well over 1.2 gigawatt worldwide since it was
founded. The shares of Phoenix Solar AG (ISIN DE000A0BVU93) are listed on
the Regulated Market (Prime Standard) of the Frankfurt Stock Exchange.
www.phoenixsolar-group.com.

This is an English translation of the German original. Only the German
version is binding.

Disclaimer
The content of this press release is solely for information purposes and is
not intended to constitute a recommendation for investment or a
solicitation to subscribe or an offer to buy or sell securities of the
company. Phoenix Solar AG shall undertake no liability whatsoever for any
loss in connection with this press release or the information made
available.  This also applies particularly to any eventual loss in
connection with the shares of Phoenix Solar AG.

This document contains forward-looking statements on future developments
which are based on management's current assessment. Words such as
"anticipate", "assume", "believe", "estimate", "expect", "intend",
"can/could", "plan", "project", "forecast", "should", and similar terms are
indicative of such forward-looking statements. Such statements are subject
to certain risks and uncertainties which are mainly outside the sphere of
influence of Phoenix Solar AG, but which have an impact on the business
activities, the success, the business strategy and the results. These risks
and factors of uncertainty include, for instance, climatic change, changes
in the state subsidisation of photovoltaics, the introduction of competitor
products or technologies of other companies, the development of the planned
internationalisation of business activities, fierce competition as well as
rapid technological change in the photovoltaic market.  If one of these or
other factors of uncertainty or risks should occur, or if the assumptions
underlying the statements should prove incorrect, the actual results may
diverge substantially from the results in these statements or implicit
indications. Phoenix Solar AG does not have the intention nor will it
undertake any obligation to realise forward-looking statements on an
ongoing basis or at a later point in time as this is entirely dependent on
circumstances prevailing on the day of their release.

In some countries, especially in the United States of America, the
dissemination of this press release and the information contained therein
may be restricted or prohibited under the law. This press release is
therefore expressly not intended for persons resident in the United States
of America or any other legal system under which such an offer or
solicitation is not permissible, or for persons for whom such an offer or
invitation would constitute a breach of the law.


19.12.2014 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:     English
Company:      Phoenix Solar Aktiengesellschaft
              Hirschbergstraße 4
              85254 Sulzemoos
              Germany
Phone:        +49 (0)8135-938-000
Fax:          +49 (0)8135-938-099
E-mail:       kontakt@phoenixsolar.de
Internet:     www.phoenixsolar-group.de
ISIN:         DE000A0BVU93
WKN:          A0BVU9
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, Hannover, München (m:access),
              Stuttgart
 
End of Announcement                             DGAP News-Service
 
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