EANS-Adhoc: centrotherm photovoltaics AG: District Court of Ulm approves
application for
Chapter 11-type proceedings under the company's own administration
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ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro
adhoc with the aim of a Europe-wide distribution. The issuer is solely
responsible for the content of this announcement.
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12.07.2012
Blaubeuren/Ulm, July 12, 2012 - Today the District Court of Ulm approved the
application submitted by centrotherm photovoltaics AG to initiate insolvency
protection proceedings under its own administration (pursuant to the German Act
Relating to the Further Simplification of the Reorganization of Companies
[ESUG], and Section 270b of the German Insolvency Directive [InsO]). This ruling
now leaves the way free for the company to consistently pursue the
reorganization program that it has launched. The District Court of Ulm has also
authorized the company's own administration to contract insolvency liabilities.
As a consequence, the prerequisites have been created to allow suppliers and
customers to continue their business relationships with the centrotherm Group.
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end of ad-hoc-announcement
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About centrotherm photovoltaics AG
centrotherm photovoltaics AG, which is based at Blaubeuren, Germany, is a
globally leading technology and equipment provider for the photovoltaics
sector. The company equips well-known solar companies and new sector entrants
with turnkey production lines and single equipment to manufacture silicon, and
crystalline solar cells and modules. As a consequence, the Group possesses a
broad and well-founded technological basis, as well as key equipment at
practically all steps of the photovoltaics value chain. centrotherm
photovoltaics guarantees its customers important performance parameters such as
production capacity, efficiencies, and completion deadlines. The Group employed
around 1,900 staff as of the December 31, 2011 reporting date, and operates
globally in Europe, Asia and the USA. centrotherm photovoltaics achieved
revenue in the 2011 financial year of around EUR 700 million. The company is
listed in the Prime Standard on the Frankfurt Stock Exchange.
Further inquiry note:
Contact:
Saskia Feil
Senior Manager Investor & Public Relations
Tel: +49 7344 918-8890
E-mail: saskia.feil@centrotherm.de
Nathalie Albrecht
Manager Public Relations
Tel: +49 7344 918-6304
E-mail: nathalie.albrecht@centrotherm.de
end of announcement euro adhoc
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issuer: centrotherm photovoltaics AG
Johannes-Schmid-Str. 8
D-89143 Blaubeuren
phone: +49 (0) 7344 91880
mail: info@centrotherm.de
WWW: http://www.centrotherm.de
sector: Energy
ISIN: DE000A0JMMN2
indexes: Prime All Share, GEX, ÖkoDAX
stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
regulated dealing/prime standard: Frankfurt
language: English