EANS-Adhoc: aleo solar AG aleo solar AG agrees capital measure with Robert
Bosch GmbH
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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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13.11.2012
aleo solar AG and its majority shareholder, Robert Bosch GmbH, today agreed a
waiver of claims in the amount of EUR 25 million and a declaration to
subordinate liability in the amount of EUR 50 million. Robert Bosch GmbH had
extended short-term shareholder loans under a Group credit facility to aleo
solar AG between 19 December 2011 and 19 September 2012, which at 30 September
2012 amounted to EUR 91 million (plus interest not yet paid in the amount of EUR
816 thousand).
Under today's waiver agreement, Robert Bosch GmbH waived claims against aleo
solar AG amounting to EUR 25 million in connection with these loans effective
immediately. For the remaining shareholder loan, aleo solar AG and Robert Bosch
GmbH today also agreed a declaration to subordinate liability in accordance with
Section 19 (2) sentence 2 German Insolvency Code amounting to EUR 50 million.
Given the current tight capital position of aleo solar AG, these measures are
intended to relieve the balance sheet of aleo solar AG and improve the company's
capital structure.
Further inquiry note:
Hermann Iding
Corporate Communications
Tel.: +49 (0)441-21988-390
E-Mail: Invest@aleo-solar.de
end of announcement euro adhoc
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issuer: aleo solar AG
Marius-Eriksen-Straße 1
D-17291 Prenzlau
phone: +49(0)441 21988-0
FAX: +49 (0)441 21988-690
mail: invest@aleo-solar.de
WWW: http://www.aleo-solar.de
sector: Alternative energy
ISIN: DE000A0JM634
indexes: CDAX, Prime All Share, Technology All Share
stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart,
regulated dealing/prime standard: Frankfurt
language: English