SMA Solar Technology AG / Key word(s): Miscellaneous
01.10.2010 12:32
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Niestetal, October 1, 2010 - The four founders and main shareholders of SMA
Solar Technology AG (SMA/FWB: S92) transferred parts of their shares within
their respective families to the next generation today. The founders
decided on a transfer of shares in order to lead SMA into a sound future.
For a period of at least seven years, 25.2 % of all SMA shares are
concentrated in a Pool-Agreement.
The four founders and main shareholders of SMA Solar Technology AG ('SMA')
Günther Cramer, Peter Drews, Prof. (em.) Dr. Werner Kleinkauf and Reiner
Wettlaufer have each transferred 6.3 % of the shares held by each of them
to the next generation by way of donation. The transferred shares - all in
all 25.2 % - are concentrated in a Pool-Agreement. This Pool-Agreement
provides that the voting rights related to transferred shares shall only be
exerted uniformly. Hereby, the founders and main shareholders of SMA have
paved the way for the independence of SMA and a sound future of the
company. The founders and main shareholders emphasize that, for them, an
independent development of the company is an absolute priority.
By entering into the Pool-Agreement the founders and main shareholders for
a short period of time crossed the 30 % threshold only to go below this
threshold on the same day by their donation. The German Federal Financial
Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht
-'BaFin') therefore exempted the main shareholders from the obligation to
make a takeover offer pursuant to the provisions of the German Securities
Acquisition and Takeover Act (Wertpapiererwerbs- und Ãbernahmegesetz -
'WpÃG') to the shareholders of SMA.
Furthermore, the four founders and main shareholders of SMA announced that
they will transfer further parts of their shares to charitable trusts. This
is another measure to ensure that SMA continues to have a sound shareholder
structure.
About SMA
The SMA Group generated sales of EUR 934 million Euro in 2009 and is the
worldwide market leader for photovoltaic inverters, a key component of all
solar power plants. It is headquartered in Niestetal, near Kassel, Germany,
and is represented on four continents by 13 foreign subsidiaries. The Group
employs a staff of over 5,500 (incl. temporary workers). SMA's product
portfolio includes the most comprehensive range of inverters on the market,
offering a compatible inverter for every type of photovoltaic module and
for all plant sizes. The product range covers both inverters for
photovoltaic plants connected to the grid as well as inverters for off-grid
systems. Since 2008, the Group's parent company SMA Solar Technology AG has
been listed on the Prime Standard of the Frankfurt Stock Exchange (S92) and
also in the TecDAX index. In recent years, SMA has received numerous awards
for its excellence as an employer.
SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Germany
Press contact:
Volker Wasgindt
Head of Press Relations and Public Affairs
Phone +49 561 9522-11 21
Fax +49 561 9522-11 03
Volker.Wasgindt@SMA.de
Investor Relations:
Anna Raudszus (Institutional Investors/Analysts)
Director Investor Relations
Phone +49 561 9522-22 22
Fax +49 561 9522-22 23
ir@SMA.de
Julia Damm (Private Investors)
Phone +49 561 9522-11 64
Disclaimer:
This press release serves only as information and does not constitute an
offer or invitation to subscribe for, acquire, hold or sell any securities
of SMA Solar Technology AG (the 'Company') or any present or future
subsidiary of the Company (together with the Company, the 'SMA Group') nor
should it form the basis of, or be relied upon in connection with, any
contract to purchase or subscribe for any securities in the Company or any
member of the SMA Group or commitment whatsoever. Securities may not be
offered or sold in the United States of America absent registration or an
exemption from registration under the U.S. Securities Act of 1933, as
amended.
This press release can contain future-oriented statements. Future-oriented
statements are statements which do not describe facts of the past. They
also include statements about our assumptions and expectations. These
statements are based on plans, estimations and forecasts which the
executive board of SMA Solar Technology AG (SMA or company) has available
at this time. Future-oriented statements are therefore only valid on the
day on which they are made. Future-oriented statements by nature contain
risks and elements of uncertainty. Various known and unknown risks,
uncertainties and other factors can lead to considerable differences
between the actual results, the financial position, the development or the
performance of the corporation and the estimates given here. These factors
include those which SMA has discussed in published reports. These reports
are available on the SMA website at www.SMA.de. The company accepts no
obligation whatsoever to update these future-oriented statements or to
adjust them to future events or developments.
01.10.2010 12:32 Dissemination of a Corporate News, transmitted by DGAP -
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Language: English
Company: SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Deutschland
Phone: +49 (0)561 / 9522 - 0
Fax: +49 (0)561 / 9522 - 100
E-mail: info@sma.de
Internet: http://www.sma.de
ISIN: DE000A0DJ6J9
WKN: A0DJ6J
Indices: TecDAX
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in München, Berlin, Düsseldorf, Stuttgart
End of Announcement DGAP News-Service
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DGAP-News: SMA Solar Technology AG: The Founders of SMA Solar Technology AG pave the way for a sound future
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