DGAP-News: SolarWorld AG / Key word(s): AGM/EGM/Miscellaneous
SolarWorld AG: Management Board presents growth plans to shareholders
02.06.2015 / 17:30
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- 15th Annual General Meeting of SolarWorld AG in Bonn
- Shareholders formally approved of the actions of the Management Board
and Supervisory Board of SolarWorld AG for the 2014 fiscal year with
majorities of 99.9 percent in each case
- Shareholders of SolarWorld AG elect their members of the Supervisory
Board
Today in Bonn at the 15th Annual General Meeting of SolarWorld AG, the
Chairman of the Management Board Dr.-Ing. E. h. Frank Asbeck positively
summarized the company's development since the beginning of 2014 and
explained the company's next steps for further growth. "We mastered the
financial restructuring also thanks to our shareholders and have drawn up
the foundations for a successful future. SolarWorld is now the only
integrated solar manufacturer in Europe and the United States providing
unique quality and reliability. International demand for our high-tech
products is rising. We are continuing to invest in high performance
technology and are increasing our manufacturing capacities," stated the
Chairman of the Management Board in front of around 230 shareholders
attending the meeting. He also confirmed the objective of achieving a
positive operating result (EBIT) without potential one-off effects in 2015.
Shareholders formally approved of the actions of both the Management Board
and the members of the Supervisory Board with majorities of 99.9 percent of
the capital represented in each case for the 2014 fiscal year, during which
amongst other things the strategically important acquisition of the solar
facilities of Bosch Solar Energy in Arnstadt/Germany took place.
All the other resolutions proposed by the Management Board and the
Supervisory Board were also adopted with majorities of more 98 percent.
About 52 percent of the capital of SolarWorld AG participated in the votes.
The shareholder structure of SolarWorld AG changed fundamentally as part of
the financial restructuring process. Since then, the new anchor investor
has been Qatar Solar S.P.C. with a holding of 29.00 percent. Dr.-Ing. E. h.
Frank Asbeck holds a share of 20.85 percent, whilst 50.15 percent of the
capital is currently in freefloat.
Election of new Supervisory Board members
The Annual General Meeting of SolarWorld AG elected six new members of the
Supervisory Board. The shareholders appointed the following people until
the end of the General Meeting which will decide on the discharge for the
fiscal year on December 31, 2019:
Dr. Khalid K. Al Hajri, Doha, Qatar
Faisal M. Alsuwaidi, Doha, Qatar
Heiner Eichermüller, Scottsdale/Arizona, USA
Dr. Georg Gansen, Bonn, Germany
Dr. Andreas PleÃke, Herrsching am Ammersee, Germany
Jürgen Wild, Vaucresson, France
The election of the six new members of the Supervisory Board at today's
Annual General Meeting complies with the requirements of statutory
co-determination. In the future, employee representatives will also be
represented in the Supervisory Board of SolarWorld AG on the basis of
parity. In addition to the six shareholder members, there will be six
employee members on the Supervisory Board. The Annual General Meeting
agreed to a corresponding amendment to the Articles of Association of
SolarWorld AG, which is accompanied by the creation of the Supervisory
Board on the basis of co-determination.
The members of the Supervisory Board who have been elected today
subsequently attended the first session of the Annual General Meeting to
decide on the future chairman and the latter's deputy. The decision will be
announced on the website of SolarWorld AG.
The resolutions and voting results from the Annual General Meeting of
SolarWorld AG will be published at www.solarworld.de/agm2015.
SolarWorld REAL VALUE: SolarWorld manufactures and sells high-tech solar
power solutions and in doing so contributes to a cleaner energy supply
worldwide. The group, headquartered in Bonn, Germany, employs approximately
3,400 people and carries out production in Freiberg, Germany; Arnstadt,
Germany; and Hillsboro, USA. From raw material silicon to solar wafers,
cells and modules, SolarWorld manages all stages of production â including
its own research and development. Through an international distribution
network with locations in Europe, USA, Singapore and South Africa,
SolarWorld supplies customers all over the world. The company maintains
high social standards at all locations across the globe, and has committed
itself to resource- and energy-efficient production. SolarWorld was founded
in 1998 and has been publically traded on the stock market since 1999. More
information at www.solarworld.de/en
Contact:
SolarWorld AG
Investor Relations
Phone: +49 228 55920-470; Fax: +49 228 55920-9470,
Email: placement@solarworld.de; Web:
www.solarworld.de/en/investor-relations
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02.06.2015 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
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Language: English
Company: SolarWorld AG
Martin-Luther-King-StraÃe 24
53175 Bonn
Germany
Phone: +49 (0)228 - 559 20 470
Fax: +49 (0)228 - 559 20 9470
E-mail: placement@solarworld.com
Internet: www.solarworld.de
ISIN: DE000A1YCMM2, DE000A1YDDX6, DE000A1YCN14
WKN: A1YCMM, A1YDDX, A1YCN1
Listed: Regulated Market in Dusseldorf, Frankfurt (Prime
Standard); Regulated Unofficial Market in Berlin, Hamburg,
Munich, Stuttgart
End of News DGAP News-Service
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364703 02.06.2015
DGAP-News: SolarWorld AG: Management Board presents growth plans to shareholders
| Source: EQS Group AG