EQS Group-Ad-hoc: Meyer Burger Technology AG / Key word(s): 
Miscellaneous/Scheme of Arrangement 
Meyer Burger reaches agreement with photovoltaic manufacturer EcoSolifer 
 
09-Dec-2020 / 17:56 CET/CEST 
Release of an ad hoc announcement pursuant to Art. 53 KR 
The issuer is solely responsible for the content of this announcement. 
 
Meyer Burger Technology Ltd (SIX Swiss Exchange: MBTN) and Ecosolifer Ltd 
have agreed to draw a line under a project from 2015. The 2015 contract 
included the delivery of an earlier generation heterojunction cell line for 
the manufacturing plant in Csorna, Hungary. Ecosolifer, on its own 
initiative, had temporarily suspended the project and therefore the planned 
acceptance could not be completed in 2016. Meyer Burger had to store the 
equipment for a longer period of time. After the resumption of the project, 
the plant could be put into operation despite difficult conditions and has 
now been finally accepted by Ecosolifer under a settlement agreement. Meyer 
Burger will continue to provide services for Ecosolifer. 
 
In accordance with the agreement, Ecosolifer will make an advance payment of 
CHF 0.89 million. In return, Meyer Burger will make an impairment charge of 
CHF 2.86 million for 2020 on the installations from 2015. As a result, this 
transaction will result in a net loss of CHF 1.97 million and a net cash 
inflow of CHF 0.89 million. 
 
For Meyer Burger, the closing of this chapter is a further step to free 
itself from its past and to concentrate on the new captive business model 
and to enter into the solar cell and module production itself. 
 
*Contact: * 
 
Meyer Burger Technology AG 
Anne Schneider 
Head Corporate Communications 
Tel +4937236712235 | Mob +49 174 349 17 90 
anne.schneider@meyerburger.com 
 
Dynamics Group AG 
Andreas Durisch, Senior Partner 
Tel +41 43 268 27 47 | Mob +41 79 358 87 32 
adu@dynamicsgroup.ch 
 
End of ad hoc announcement 
Language:    English 
Company:     Meyer Burger Technology AG 
             Schorenstrasse 39 
             3645 Gwatt 
             Switzerland 
Phone:       +41 033 221 28 00 
E-mail:      mbtinfo@meyerburger.com 
Internet:    www.meyerburger.com 
ISIN:        CH0108503795 
Valor:       A0YJZX 
Listed:      SIX Swiss Exchange 
EQS News ID: 1154122 
 
End of Announcement EQS Group News Service 
 
1154122 09-Dec-2020 CET/CEST

(END) Dow Jones Newswires

December 09, 2020 11:56 ET (16:56 GMT)