EANS-News: centrotherm photovoltaics AG moves to the General Standard
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Corporate news transmitted by euro adhoc. The issuer/originator is solely
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Company Information
Blaubeuren (euro adhoc) - November 30, 2012 - Shares in centrotherm
photovoltaics AG will be
traded effective March 1, 2013, in the General Standard segment of the
regulated market on the Frankfurt Stock Exchange. Listing in the Prime Standard
segment ends February 28, 2013. The Frankfurt Stock Exchange has meanwhile
approved the company's application for this move, and the change of segment has
been published on the Internet at www.deutsche-boerse.com.
The move to the General Standard takes place as part of the current
restructuring process. "In the present situation we must take advantage of
every option to save costs. Switching from the Prime Standard to the General
Standard will spare us the expense of both listing and consequential
obligations. While at the same time, our shareholders will continue to enjoy
the unrestricted opportunity to trade their shares on the Frankfurt Stock
Exchange," explained CFO Dr. Thomas Riegler.
centrotherm photovoltaics AG is currently undergoing a process of self-managed
restructuring. If creditors agree to the debt-to-equity swap proposed in the
restructuring plan, the number of shares in free float would also be reduced.
With this in mind also, the move to the General Standard is an expedient step
to take.
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
currently employs around 1,300 staff, 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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company: 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