DGAP-Adhoc: SolarWorld AG: Resolutions of approval by Higher Regional Court Cologne pave the way for implementation of

DGAP-Adhoc: SolarWorld AG: Resolutions of approval by Higher Regional Court 
Cologne pave the way for implementation of restructuring measures

SolarWorld AG  / Key word(s): Capital Reorganisation/Legal Matter

13.01.2014 13:26

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Ad hoc announcement pursuant to § 15 WpHG 

January 13, 2014
Ad hoc service by SolarWorld AG
(Securities Code No.: WKN 510 840)
(International Securities Identification Numbers: 
ISIN DE0005108401, ISIN XS0641270045 and ISIN XS0478864225)


Today, the Higher Regional Court Cologne granted resolutions of approval to
SolarWorld AG with regard to the summary judgments filed in October 2013.
The Higher Regional Court decided that the complaints lodged against the
resolutions of the noteholders' meeting of August 6, 2013 (ISIN
XS0478864225) and against the resolutions passed by the shareholders'
meeting of August 7, 2013 concerning agenda items 2 and 3 do not hinder the
implementation of the resolution nor its commercial registration, and that
any flaws of the resolution do not impinge upon the effectiveness of the
registration. Thus, the resolutions can be implemented.

This refers to the resolution of the noteholders' meeting of the 6.125 %
notes 2010/2017 with a total nominal value of EUR 400 million (ISIN
XS0478864225) and the resolutions passed by the shareholders' meeting on
the reduction of the capital stock from EUR 111,720,000.00 to EUR
744,800.00 and the increase of the thus reduced capital stock by
contribution in kind by EUR 14,151,200.00 to EUR 14,896,000.00. The
resolution of the noteholders' meeting of the 6.375 % notes 2011/2016 with
a total nominal value of EUR 150 million (ISIN XS0641270045) can now be
implemented as well. Further details of the restructuring concept are
provided in the ad hoc announcement of June 18, 2013.

Furthermore, the final restructuring agreement has been signed by all
creditor groups, noteholder representatives and the new investor Qatar
Solar S.P.C. This agreement comprises the individual steps of the financial
restructuring and makes them legally binding for all contractual parties.
The restructuring agreement substantiates the agreement with creditors of
June 18, 2013.

Consequently, the Management Board assumes that the restructuring of the
balance sheet of the company will be concluded as planned in February 2014.

Contact:
SolarWorld AG Investor Relations 
Phone: +49 228 55920-470; Fax: +49 228 55920-9470,
Email: placement@solarworld.de; Internet:
www.solarworld.de/en/investor-relations


13.01.2014 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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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.de
Internet:     www.solarworld.de
ISIN:         DE0005108401, XS0641270045, XS0478864225
WKN:          510840
Listed:       Regulierter Markt in Düsseldorf, Frankfurt (Prime Standard);
              Freiverkehr in Berlin, Hamburg, München, Stuttgart;
              Terminbörse EUREX
 
End of Announcement                             DGAP News-Service
 
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