Solarvalue AG
Solarvalue AG: Issuing of ‘bonus shares’ will become effective tomorrow; Share price will be one eighth of initial price: No reduced return on the investment for existing shareholders
Solarvalue AG / Corporate Action Release of a Corporate News, transmitted by DGAP - a company of EquityStory AG. The issuer / publisher is solely responsible for the content of this announcement. ---------------------------------------------------------------------- Berlin, 23.10.2008: The annual shareholders’ meeting of Solarvalue AG which took place at the 28th of March 2008 approved a capital increase from company assets. For every existing Solarvalue-share, seven new shares will be issued. This increases the share capital of Solarvalue AG and the number of shares issued by 7,350,000 Euro from currently 1,050,000 Euro to 8,400,000 Euro, respectively shares. Today, the 23.10.2008 after closing of the exchange our shareholders will receive additional seven shares for each share issued without any additional payment. Regarding the issuing of new shares there are no activities required from existing Solarvalue shareholders. The technical implementation will be handled by the custodian banks. Tomorrow, after the stock market will have opened, the Solarvalue share price will be approximately one eighth of today’s closing price. The issuing of 'bonus shares' will not have a diluting effect on shareholders since the ownership ratio will not change. It is simply a reclassification within the shareholders’ equity. Therefore the shareholders’ equity of Solarvalue AG remains unchanged. Service For the most frequently asked questions we have compiled a question and answer catalog available at www.solarvalue.com --> Investor Relations --> FAQ Please note that existing orders of Solarvalue-shares placed to the stock exchange will automatically expire at the end of today. End of press release About Solarvalue: The Solarvalue AG, based in Berlin, was founded in 2005. Nearest purpose of the company is the production of high purity solar grade silicon. The long term goal is the creation of an integrated photovoltaic group that covers the industry’s value chain. Additional information is available on the Internet. Please visit: www.solarvalue.com. Contact: max. Equity Marketing GmbH Maximilian Fischer Marienplatz 2 D-80331 München Tel.: +49 89 139 2889 0 Fax.: +49 89 139 2889 29 e-Mail: ir@solarvalue.com 23.10.2008 Financial News transmitted by DGAP ----------------------------------------------------------------------
Aktuelle News
Aktuelle Berichte
Keine Berichte gefunden
Anstehende Events
Keine Events gefunden
Webcasts
Keine Webcasts gefunden