DGAP-News: SolarWorld AG Annual General Meeting votes to increase dividend to EUR 0.19

DGAP-News: SolarWorld AG Annual General Meeting votes to increase dividend to EUR 0.19

ID: 34192

(firmenpresse) - DGAP-News: SolarWorld AG / Key word(s): Dividend
SolarWorld AG Annual General Meeting votes to increase dividend to EUR
0.19

24.05.2011 / 18:35

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At today's twelfth ordinary Annual General Meeting, the roughly 1,100
shareholders and shareholder representatives who were present approved all
items of the agenda and discharged the members of the Management Board and
of the Supervisory Board.

In fiscal year 2010, consolidated net income rose by 48.0 percent to EUR
87.3 million. Due to this successful development, the Supervisory Board and
the Management Board proposed to the Annual General Meeting an increase of
the dividend to EUR 0.19 (2010: EUR 0.16) per dividend-bearing individual
share certificate. The payout will be made on May 25, 2011. Hence, the
shareholders will participate in the company's success for the eleventh
time in succession. 'The name SolarWorld stands for dividend continuity,'
said Dr.-Ing. E.h. Frank Asbeck, Chairman and Chief Executive Officer of
SolarWorld AG. The remaining balance sheet profit of SolarWorld AG will be
allocated to other revenue reserves. 'In this way, we are strengthening the
equity capital base of SolarWorld for the further expansion of SolarWorld
in the global solar markets,' Dr.-Ing. E.h. Frank Asbeck went on to
explain.

In the course of the Annual General Meeting, the Chairman of the
Supervisory Board, Dr. Claus Recktenwald, announced the planned expansion
of the Management Board, which previously consisted of four members.
Colette Rückert-Hennen will take over the new function of Chief Human
Resource and Brand Officer and be appointed by the Supervisory Board as of
July 1, 2011. The qualified lawyer has many years of management experience.
Dr. Claus Recktenwald: 'With Colette Rückert-Hennen, the Management Board




of SolarWorld AG gains an internationally experienced and highly qualified
manager for the areas of human resources management and brand development.'

About SolarWorld AG: The SolarWorld AG Group (ISIN: DE0005108401) is a
worldwide leader in offering brand-name, high quality, crystalline
solar-power technology. Its strength is its fully integrated solar
production. From silicon as the raw material through wafers, cells and
modules all the way to turn-key solar systems of all sizes, the group
combines all stages of the solar value chain. The central business activity
is selling quality modules into the installation and distribution trades
and crystalline wafers to the international solar cell industry. Group
headquarters are located in Bonn, Germany. The group's largest production
facilities operate in Freiberg, Germany and Hillsboro in the U.S. State of
Oregon. Sustainability is the basis of the group strategy. Under the name
Solar2World, the group supports care projects using off-grid solar-power
solutions in developing countries, exemplifying sustainable economic
development. Worldwide, SolarWorld employs more than 3,600 people.
SolarWorld AG has been quoted on the stock exchange since 1999 and today is
listed on, among others, the TecDAX andÖkoDAX as well as in the
sustainability index NAI.


End of Corporate News

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24.05.2011 Dissemination of a Corporate News, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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
Deutschland
Phone: +49 (0)228 - 559 20 470
Fax: +49 (0)228 - 559 20 9470
E-mail: placement(at)solarworld.de
Internet: www.solarworld.de
ISIN: DE0005108401
WKN: 510840
Listed: Regulierter Markt in Düsseldorf, Frankfurt (Prime
Standard); Freiverkehr in Berlin, Hamburg, München,
Stuttgart; Terminbörse EUREX


End of News DGAP News-Service
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126038 24.05.2011

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Bereitgestellt von Benutzer: EquityStory
Datum: 24.05.2011 - 18:35 Uhr
Sprache: Deutsch
News-ID 34192
Anzahl Zeichen: 0

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