DGAP-News: S.A.G. Solarstrom AG: Widespread approval at S.A.G. Solarstrom AG's Annual General Meeting 2010
(firmenpresse) - S.A.G. Solarstrom AG / AGM/EGM/Dividend
29.06.2010 11:27
Dissemination of a Corporate News, transmitted by
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Widespread approval at S.A.G. Solarstrom AG's Annual General Meeting 2010
- Resolution on dividends to shareholders of EUR0.10 per share qualifying
for dividends
- New share buyback program up to December 27, 2011 approved
Freiburg, June 28, 2010. S.A.G. Solarstrom AG (German security
identification number WKN: 702 100, ISIN: DE0007021008), Freiburg, is
distributing a dividend of EUR0.10 to their shareholders for the first
time. This was resolved today at the Annual General Meeting in Freiburg.
The aim is to establish a sustainable dividend policy and increase the
share's attraction. At the same time, a new share buyback program was
agreed.
The dividend proposal by the Executive Board and the Supervisory Board of
S.A.G. Solarstrom AG was adopted by a large majority of 99.83% of the
capital carrying voting rights present at the Annual General Meeting. In
the preceding discussion, S.A.G. Solarstrom AG's Executive Board emphasized
that today's resolution would be the starting point of a sustainable
dividend policy. The moderate amount of the dividend was owing to the
continued strong growth of the group and the associated investment
requirement.
In addition, the company was once again authorized to acquire own shares up
to 10% of the capital stock, with 99.89% of the capital carrying voting
rights. This authorization is valid up until the end of 2011.
From the last authorization for the acquisition of own shares, a total of
1,142,593 no-par shares were acquired at an average rate of EUR3.68 up to
June 25, 2010. S.A.G. Solarstrom thus has a total of 1,134,858 own shares
in their own portfolio. The buyback program is giving the company the
chance to be able to fall back on their own shares in the event of
strategic requirements. The shares can also be used to exercise conversion
or option rights. S.A.G. Solarstrom AG would like to continue the share
buyback program in 2010 and 2011, in order to establish freedom of action.
All items on the agenda were resolved with a clear majority at S.A.G.
Solarstrom AG's Annual General Meeting, which was well attended by around
200 shareholders. Apart from the profit transfer contracts and control
agreements of the subsidiaries meteocontrol, S.A.G. Technik GmbH and S.A.G.
Solarkraftwerke GmbH, these included the resolution on amendments to the
Articles of Association to implement the Act regarding the Directive on
shareholders' rights. 'The Annual General Meeting's resolutions are setting
the trends and support our further corporate development. Structurally,
we're very well prepared for the challenges we will face in the future',
says Dr. Karl Kuhlmann, CEO of S.A.G. Solarstrom AG.
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 160 specialists work at the four locations in Germany and
subsidiaries in Italy, Spain, Austria, and Switzerland.
S.A.G. Solarstrom AG are listed on the open market, Entry 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
Contact:
S.A.G. Solarstrom AG
Sasbacher Straße 5
79111 Freiburg
Germany
www.solarstromag.com
Public Relations / Investor Relations
Jutta Lorberg
phone: +49-(0)761-4770-311
Armin Baltzer
phone: +49-(0)761-4770-368
e-mail: pr(at)solarstromag.com / ir(at)solarstromag.com
29.06.2010 11:27 Ad hoc announcement, Financial News and Media Release distributed by DGAP. Medienarchiv atwww.dgap-medientreff.deandwww.dgap.de---------------------------------------------------------------------------
Datum: 29.06.2010 - 11:27 Uhr
Sprache: Deutsch
News-ID 23145
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