Hamburg, August 28, 2008 – By an overwhelming majority, the shareholders of Conergy AG have agreed to the company’s planned increase in capital exceeding current levels by up to 450 million euros. The inflow of funds will reduce outside capital and finance planned growth. Conergy CEO Dieter Ammer presented shareholders with the successes of the previous restructuring and the next steps in the company’s realignment, which should see Conergy once again enter into attractive yield territory.
“This company, this management and this workforce – everyone one of us, we are convinced, have instituted the correct steps to make Conergy not only big, but also successful again,” said Ammer at today’s third annual general meeting in Hamburg’s CCH Congress Center. The AGM was attended by some 600 shareholders, their representatives and guests, representing 16,974,031 shares equal to 48.37% of the capital stock.
The shareholders also voted to approve the current Board of Management and Supervisory Board for FY 2007. In addition, John Jetter was elected to take over Ammer’s on the Supervisory Board of Conergy AG with a large majority.
The AGM was concluded at 10 p.m. by the chairman.
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Disclaimer
This communication is neither a prospectus nor does it constitute an offer to sell or the solicitation of an offer to purchase the shares or other securities of Conergy AG and it does not substitute the prospectus. Subject to the approval by the German Financial Supervisory Authority a securities prospectus will be published prior to the offer period and made available free of charge by Conergy AG and the coordinators. The shares will be offered exclusively on the basis of the prospectus required to be approved by the German Financial Supervisory Authority.
This communication is not an offer of securities for sale in the United States of America. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended (the “Securities Act”). Any public offering of securities to be made in the United States of America will be made by means of a prospectus that may be obtained from Conergy AG and that will contain detailed information about the company and management, as well as financial statements. Conergy AG does not intend to register any part of the offering in the United States.
The information contained in this communication is not for publication or distribution in or into the United States of America, Canada, Australia or Japan and does not constitute an offer of securities for sale in the United States of America, Canada, Australia or Japan.
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