EANS-News: Sunways AG
Sunways AG returns outstanding convertible bond 2004/2009
Konstanz (euro adhoc) -
Corporate news transmitted by euro adhoc. The issuer/originator is solely responsible for the content of this announcement.
Financing, Stock Offerings (IPO)
Konstanz/Germany, 15 October 2009 - Sunways AG (FSE: SWW; ISIN DE0007332207) today on final maturity returned all remaining debentures of the convertible bond 2004/2009 (ISIN DE000A0BNPN0). Group liquidity was employed for the redemption payment. The term of the papers started 15 October 2004, exercise price was EUR 100.00 and the interest rate was 7% per annum. The total volume of the convertible bond was EUR 10.00 million. Throughout the term of the bond, a part of the holders used the option for conversion. Altogether an amount of appr. EUR 4.5 million was converted into 927,237 new shares. Sunways AG currently has a total number of 11,588,613 circulating shares.
This press release is also available on www.sunways.de.
About Sunways Sunways AG, Konstanz/Germany, stands for consistent use of solar energy to secure long-term energy supply of man in an efficient and sustainable manner. Sunways offers technological competence, performance and highest quality - from single components to complete solar systems. Since its foundation in 1993, Sunways AG evolved into a technology leader in the photovoltaics industry serving international markets. With silicon-based solar cells, inverters, solar modules and solar systems, the company offers all components required for high-yield photovoltaic power generation. With photovoltaic solutions tailored to customers´ needs (transparent and coloured solar cells, in buildings integrated photovoltaic installations), Sunways makes exceptional ideas reality. Sunways AG has own branch offices in Barcelone/Spain and Bologna/Italy; subsidiaries of the company are Sunways Production GmbH in Arnstadt/Germany as well as MHH Solartechnik GmbH in Tübingen/Germany (distribution of components, layout of complete photovoltaic installations). The shares of Sunways AG are listed at the Frankfurt Stock Exchange (SWW, ISIN DE0007332207). In 2008, Sunways realised sales of about EUR 260 million. About 400 employees are working in the group. For further information, please visit www.sunways.de.
Further inquiry note:
Dr. Harald F. Schaefer
Head of Corporate Communications & Investor Relations
Tel.: +49 (0)7531 996 77-415
E-Mail: ir@sunways.de
Branche: Alternative energy
ISIN: DE0007332207
WKN: 733220
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Frankfurt / regulated dealing/prime standard
Berlin / free trade
Hamburg / free trade
Stuttgart / free trade
Düsseldorf / free trade
München / free trade