EANS-Adhoc: Sunways AG Scheduled publication dates for financial reports have
been postponed
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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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annual report
27.04.2012
Konstanz/Germany, 27 April 2012 - Sunways AG (SWW:GR, SWWG.DE, ISIN
DE0007332207) is postponing the publication of its financial statements and
consolidated financial statements as well as of the other documents relating to
the annual financial report of Sunways AG for the fiscal year 2011 which had
been scheduled for 30 April 2012. In this context, the publication date for the
2012 1st quarter financial report of Sunways AG (Q1 report 2012) will also be
postponed. The new publication date is expected to be 31 May 2012. Accordingly,
the annual general meeting of Sunways AG will be postponed to late July/early
August 2012. This decision was made today upon intensive consultations between
the Management Board and the Supervisory Board. Sunways AG expects to announce
the precise publication dates at short notice.
The postponement is based on the fact that, in connection with LDK Solar Germany
Holding GmbH's recent acquisition of a majority stake in Sunways AG, various
matters affecting the preparation of the financial statements and consolidated
financial statements have arisen that still need to be clarified. These include
the result of ongoing negotiations with a major supplier about the terms of a
supply contract entered into with the latter and the resulting consequences
concerning the consideration of this contract in the financial statements as
well as the outcome of talks on the future funding structure with the new
majority shareholder and relationship banks of Sunways AG.
Further inquiry note:
Dr. Harald F. Schäfer
Head Corporate Communications and Investor Relations
Tel.: +49 (0)7531 996 77-415
E-Mail: communications@sunways.de
end of announcement euro adhoc
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issuer: Sunways AG
Macairestr. 3 - 5
D-78467 Konstanz
phone: +49 (0)7531 99677 0
FAX: +49 (0)7531 99677 10
mail: info@sunways.de
WWW: http://www.sunways.eu/de
sector: Alternative energy
ISIN: DE0007332207
indexes: CDAX, Prime All Share, Technology All Share
stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
regulated dealing/prime standard: Frankfurt
language: English