DGAP-Ad-hoc: SolarWorld AG / Key word(s): Contract/Miscellaneous
SolarWorld AG: Purchase agreement on assets of SolarWorld AG as well as of individual subsidiaries signed

08-Aug-2017 / 08:30 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Bonn, August 8, 2017 - The insolvency administrator on the assets of SolarWorld AG, SolarWorld Industries Sachsen GmbH, SolarWorld Innovations GmbH as well as SolarWorld Industries Thüringen GmbH - in each case attorney at law, Horst Piepenburg, Düsseldorf - has signed today a purchase and transfer agreement with the SolarWorld Industries GmbH, registered in the Commercial Register of the local court of Bonn under HRB 23089, as buyer. Goal is to continue operating significant parts of the solar cell and module production as well as the distribution of these high efficiency products.

Object of the purchase and transfer agreement are almost all property, plant and equipment and all inventories and intangible assets of the aforementioned companies, as well as certain receivables from the aforementioned subsidiaries and the SolarWorld AG's ownership interest in SolarWorld Africa (Pty) Ltd., in SolarWorld Asia Pacific PTE Ltd., in SolarWorld France S.A.S. and in SolarWorld Japan KK.

The purchase price consists predominantly in the repayment of liabilities that are secured by the creditor's protection rights. The agreement is subject to various conditions precedent (conditions of closing).

It is - again - pointed out that the shareholders of SolarWorld AG will not receive any distributions or other significant assets from the proceeds of the sales process.

Contact:
SolarWorld AG i.I.
Investor Relations
Tel.-Nr.: 0228/55920-476;
E-Mail: placement@solarworld.com


08-Aug-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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Language: English
Company: SolarWorld AG
Martin-Luther-King-Straße 24
53175 Bonn
Germany
Phone: +49 (0)228 - 559 20 470
Fax: +49 (0)228 - 559 20 9470
E-mail: placement@solarworld.com
Internet: www.solarworld.de
ISIN: DE000A1YCMM2, DE000A1YDDX6, DE000A1YCN14
WKN: A1YCMM, A1YDDX, A1YCN1
Listed: Regulated Market in Dusseldorf, Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange

 
End of Announcement DGAP News Service

599549  08-Aug-2017 CET/CEST

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