DGAP-News: S.A.G. Solarstrom AG: 91% of the convertible bond extended to July 2012

ID: 1018190
recent pressrelease next pressrelease

(businesspress24) - S.A.G. Solarstrom AG / Miscellaneous

27.07.2010 10:56

Dissemination of a Corporate News, transmitted by
DGAP - a company of EquityStory AG.
The issuer / publisher is solely responsible for the content of this announcement.


Corporate News

S.A.G. Solarstrom AG: 91% of the convertible bond extended to July 2012

Freiburg, July 27, 2010. Around 91% (EUR9,091,506.40) of S.A.G. Solarstrom
AG's (WKN: 702100, ISIN: DE0007021008) convertible bond issued in 2007 has
been extended to July 29, 2012. 6% (EUR586,198.40) used this year's
conversion period and converted the bond into shares. EUR295,338.40 will be
paid back to holders of the convertible bond at the end of July.

The Executive and Supervisory Boards of S.A.G. Solarstrom AG have decided
to offer the subscribers of the 6.85% convertible bond issued in 2007 an
extension of two years, until July 29, 2012, on the term limited to July
29, 2010. The term of the convertible bond includes conversion periods in
each year. When the bond is extended, the interest rate will be 6.25% from
July 30, 2010 (compared with 6.85% up to July 29, 2009).

After the offer of an extension, the holders of the convertible bond could
either have the convertible bond paid out at the original due date, use
this year's conversion period for complete conversion, or extend the term
of the convertible bond. Of the still outstanding total nominal amount of
EUR9,973,043.20, a total of EUR 9,091,506.40 was extended. Of the remaining
EUR881,536.80, a total of EUR586,198.40 was converted into S.A.G.
Solarstrom AG shares in this year's conversion period up to and including
July 14, 2010. S.A.G. Solarstrom AG will increase capital by this amount
and issue EUR228,605 new no-par bearer shares. The remaining amount of

EUR295,338.40 will be returned to the creditors.

You can find detailed information on the convertible bond on S.A.G.
Solarstrom AG's website under Investor Relations / Convertible Bond.

About S.A.G. Solarstrom AG
S.A.G. Solarstrom AG (German security identification number: 702 100, ISIN:
DE0007021008) of Freiburg i.Br., Germany, are a manufacturer-independent
provider of high-quality photovoltaic plants configured to customers'
individual needs. The group constructs efficient plants of all sizes both
in Germany and abroad. S.A.G. Solarstrom AG also produce solar energy at
their own plants.
S.A.G. Solarstrom AG's service portfolio covers the entire life cycle of
photovoltaic plants, including forecast and energy services, yield reports,
and remote maintenance, as well as insurance and financing. The group thus
offers a comprehensive value chain in photovoltaics, from yield reports,
planning, construction, operations, and monitoring to optimization,
repowering, and deconstruction.
Founded in 1998, S.A.G. Solarstrom AG are considered pioneers in the solar
industry. Around 165 specialists work at the four locations in Germany and
subsidiaries in Italy, Spain, Austria, and Switzerland.
S.A.G. Solarstrom AG are listed in the General Standard of the Frankfurt
Stock Exchange as well as according to the rules and standards M:access of
the Munich Stock Exchange.
Further information: www.solarstromag.com

S.A.G. Solarstrom AG
Sasbacher Straße 5
79111 Freiburg

Public Relations / Investor Relations
Armin Baltzer
phone: +49-(0)761-4770-368

e-mail: pr(at)solarstromag.com / ir(at)solarstromag.com

27.07.2010 10:56 Ad hoc announcement, Financial News and Press Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------

Language: English
Company: S.A.G. Solarstrom AG
Sasbacher Str. 5
79111 Freiburg
Phone: + 49 761 4770 0
Fax: + 49 761 4770 555
E-mail: mail(at)solarstromag.com
Internet: www.solarstromag.com
ISIN: DE0007021008
WKN: 702100
Listed: Regulierter Markt in Frankfurt (General Standard);
Freiverkehr in Berlin, München (m:access), Düsseldorf,
Stuttgart, Hamburg

End of News DGAP News-Service


Keywords (optional):

Company information / Profile:

PressRelease by


PressContact / Agency:

published by: EquityStory
print pressrelease  send to a friend  

Date: 07/27/2010 - 04:56
Language: English
News-ID 1018190
Character count: 0
Firma: S.A.G. Solarstrom AG
Ansprechpartner: Feedback to businesspress24.com about Pressrelease-id:


Number of hits: 199


Direct Link to this PressRelease:

We would appreciate a link in your News-, Press- or Partner-Site.

Comments on this PressRelease

All members: 9 438
Register today: 0
Register yesterday: 0
Members online: 0
Guests online: 57

Don't have an account yet? You can create one. As registered user you have some advantages like theme manager, comments configuration and post comments with your name.


[ more PressReleases ][ RSS-Feed ]