DGAP-News: S.A.G. Solarstrom AG extends subscription period of the 7.5% corporate bond
(firmenpresse) - DGAP-News: S.A.G. Solarstrom AG / Key word(s): Bond
S.A.G. Solarstrom AG extends subscription period of the 7.5% corporate
bond
08.07.2011 / 10:06
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S.A.G. Solarstrom AG extends subscription period of the 7.5% corporate bond
Freiburg, July 8, 2011. S.A.G. Solarstrom AG (German security
identification number: 702 100, ISIN: DE0007021008), Freiburg i. Br., is
extending the subscription period of the 7.5% corporate bond (German
security identification number: A1K0K5, ISIN: DE000A1K0K53) at a volume of
EUR25 million up to July 29, 2011 at the latest. The extension is due to
the high degree of interest by private investors.
'Despite a market environment that is particularly difficult for the solar
industry, we have seen a high level of interest from private investors over
the last few days', reports Dr. Karl Kuhlmann, CEO of S.A.G. Solarstrom AG.
'We want to accommodate this by extending the subscription period up until
the end of July. Closing the subscription period on July 7 was clearly too
soon. We have heard from our hotline that in some cases, subscription was
not possible due to technical interface problems that certain banks had to
the German Stock Market'.
Private investors can obtain the bond up to the end of the subscription
period through their house bank or their online broker at the Frankfurt
Stock Exchange. S.A.G. Solarstrom AG's bond, 'Solarstrom Wertpapier II'
(Solar Electricity Security II) is endowed with an issuing price of 100%, a
fixed interest rate of 7.5% p.a. and a runtime of 6 years. It is scheduled
to be included in trading of the Entry Standard for corporate bonds of the
Deutsche Börse AG from July 11, 2011.
With the revenue, the Group specifically plans to continue to expand its
own high-margin power plant portfolio, which will generate secure revenue
over a period of up to 20 years. 'The investors' capital will thus be very
well secured. Our forecast for the whole of 2011 will not be affected by
the extension of the subscription period', says the CEO. 'The bond is an
interesting additional financing instrument. However, we are growing on a
profitable basis, in contrast to the industry trend, regardless of this,
and are benefiting from the current market situation, in which the
component prices are under pressure'.
The public offering of the partial debenture will be made on the basis of
the base prospectus approved by the German Federal Financial Supervisory
Authority (BaFin) on November 19, 2010, as well as the Supplement No. 1 to
this base prospectus that was approved on June 24, 2011 and the Supplement
No. 2 to this base prospect approved on July 1, 2011.
The final conditions of the offering, which have been changed accordingly,
will be published today on the company's website
(www.solarstromag.com/Anleihe).
About S.A.G. Solarstrom AG
S.A.G. Solarstrom AG (German security identification number: 702 100, ISIN:
DE0007021008) of Freiburg i.Br., Germany, is 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 produces solar energy at
its own plants.
S.A.G. Solarstrom AG's service portfolio covers the entire life cycle of
photovoltaic plants, including forecast and energy services, yieldreports,
and remote service and 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 is considered a pioneer in the solar
industry. Around 210 specialists work at the four locations in Germany and
the foreign subsidiaries.
S.A.G. Solarstrom AG is listed in the Prime 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
e-mail: pr(at)solarstromag.com / ir(at)solarstromag.com
Public Relations
Fabian Lorenz
Tel.: +49-(0)151-40016085
E-Mail: fabian.lorenz(at)ir-on.com
End of Corporate News
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08.07.2011 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,
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Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: S.A.G. Solarstrom AG
Sasbacher Str. 5
79111 Freiburg
Deutschland
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 (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München
(m:access), Stuttgart
End of News DGAP News-Service
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131356 08.07.2011
Datum: 08.07.2011 - 10:06 Uhr
Sprache: Deutsch
News-ID 34569
Anzahl Zeichen: 0
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Kategorie:
Business News
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