EANS-Adhoc: Solar-Fabrik Aktiengesellschaft für Produktion und Vertrieb von
solartechnischen Produkten 1st instance judgment of the Regional Court of
Freiburg
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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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06.06.2012
The Regional Court of Freiburg (1st instance) has handed down judgment in a
legal dispute between Solar-Fabrik AG (ISIN: DE0006614712) and a former member
of its executive board (Vorstand), awarding an amount of approximately EUR 1.6
million in damages to Solar-Fabrik AG. These damages were incurred by Solar-
Fabrik AG consequent to the culpable breach of a duty by the former executive
board member. The duty consisted in the timely forwarding of certain important
information by the former executive board member to the remaining members of
the executive board of Solar-Fabrik AG, which he failed to do. Solar-Fabrik AG
consequently suffered damages, when it granted a loan to a subsidiary in 2008,
which it would not have granted, had the said information been available to it
at the time. The loan had to be written off by Solar-Fabrik AG pursuant to the
ensuing insolvency of the subsidiary. The total amount that had to be written
off with regard to accounts receivables of Solar-Fabrik AG in relation to its
said subsidiary equated to approximately EUR 6.7 million. This was reported by
way of an ad-hoc news on 12 March 2009. To the extent that, and as soon as the
judgment of the Regional Court of Freiburg becomes final and binding, the
damages awarded will be entered into the books of account of Solar-Fabrik AG as
a profit.
Further inquiry note:
Investor Relations
Tel.: +49 (0)761-4000 0
E-Mail: investor@solar-fabrik.de
end of announcement euro adhoc
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issuer: Solar-Fabrik Aktiengesellschaft für Produktion und Vertrieb von solartechnischen Produkten
Munzinger Str. 10
D-79111 Freiburg
phone: +49(0)761 4000 0
FAX: +49(0)761 4000 199
mail: info@solar-fabrik.de
WWW: http://www.solar-fabrik.de
sector: Alternative energy
ISIN: DE0006614712
indexes:
stockmarkets: free trade: Berlin, München, Düsseldorf, Stuttgart, regulated
dealing/prime standard: Frankfurt
language: English