The Federal Financial Supervisory Authority (BaFin) on Friday evening14th November approved the share prospectus for the capital increase of Conergy AG. The Hamburg solar company is thus able to implement the capital increase of around 400 million Euros.
At the Annual General Meeting in August the shareholders passed a resolution in favour of the capital increase with an overwhelming majority. Afterwards, the company was able to reach an agreement with 25 critical shareholders, who had made formal objections to the capital increase. The resolution was then entered into the commercial register. With the full underwriting of the capital increase by Credit Suisse and Dresdner Kleinwort and the approval of the share prospectus by BaFin, there are now no further obstacles to the successful implementation of the capital increase.
„The resolution passed by the AGM and the complete underwriting of the capital increase by Credit Suisse and Dresdner Kleinwort once again show the confidence of the shareholders and the banks in us and in our restructuring,“ according to Conergy’s Chief Executive Officer Dieter Ammer. „I would like to thank you and also the two family offices, which have already given firm share purchase commitments amounting to 137 million Euros for your support and for your faith in us. I would also like to thank our customers and suppliers, who have remained loyal to us during this tough period. We now have all necessary means and conditions in place to continue to restructure Conergy and to make the company profitable soon. We will continue to work hard and with attention to detail in order to accomplish this.“
About Conergy
Since its founding in 1998, Hamburg-based Conergy AG has sold more than a gigawatt in renewable energy, making it one of the biggest European suppliers of solar energy and other renewable energies, and a world leader in solar system integration. Of the one gigawatt in renewable energies, Conergy has installed more than 400 megawatts in its major projects, Of the total one gigawatt, 200 megawatts falls to its wind energy park projects and 800 to its globally marketed solar modules. According to the German Solar Industry Association (BSW) this is just under a fifth of the entire installed photovoltaic output in Germany. Calculative one in ten modules worldwide was produced, sold or installed by Conergy.
Listed on the Frankfurt Stock Exchange since 2005, the group pursues a global growth strategy, The company now produces, installs and designs solar power systems and wind turbines in around 20 countries. The Conergy Group is represented with its own branches on five continents.
-------------------------------------
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.
|