EANS-News: SOLON SE's rights issue successfully completed
Berlin (euro adhoc) -
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Capital measures/SOLON
Berlin, July 2, 2010: SOLON SE has successfully completed the rights issue for cash that it announced on June 8 this year. It issued the 4,694,836 new shares, which represent 37 percent of its share capital, at a price of EUR4.26 each. The rights issue utilized part of the Company's authorized capital and provided shareholders with preemption rights on the basis of three for eight.
The rights issue came into effect when it was entered in the commercial register on June 10, 2010. The new shares were admitted to trading on the Berlin and Frankfurt stock exchanges on June 29, 2010 and are due to be included in the existing listing on the Berlin and Frankfurt stock exchanges today, July 2, 2010. The new shares will be transferred to the custodian banks on July 5, 2010.
Now that the rights issue has been completed, SOLON SE's share capital amounts to EUR17,225,032.00 and is divided into 17,225,032 no-par-value bearer shares. The Company has generated gross proceeds of EUR20 million from the rights issue. These proceeds will be used to expand the Company's sales activities and improve its capital adequacy.
About SOLON SE: SOLON SE is one of the largest manufacturers of solar modules in Europe as well as a supplier of solar system technology for large-scale rooftop and greenfield installations. The SOLON Group has subsidiaries in Germany, Austria, Italy, Switzerland, and the U.S. and employs some 900 people worldwide. SOLON´s core business is producing solar modules and photovoltaic systems along with planning and constructing large rooftop installations and turnkey solar power plants all over the world.
end of announcement euro adhoc
Further inquiry note:
SOLON SE
Therese Raatz
Investor Relations
Tel.: +49 (0)30 818 799 305
Fax: +49 (0)30 818 799 300
Email: investor@solon.com
Branche: Energy
ISIN: DE0007471195
WKN: 747119
Index: Midcap Market Index, CDAX, HDAX, Technology All Share, GEX,
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Börsen: Frankfurt / regulated dealing/prime standard
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