Charles Barker Corporate Communications GmbH
SolarWorld AG bondholders propose Dr. Ingo Scholz as independent joint representative
Charles Barker Corporate Communications GmbH / Key word(s): Bond/Capital Reorganisation 15.05.2013 / 10:31 --------------------------------------------------------------------- Frankfurt, Germany, May 15, 2013 - A group of bondholders propose Dr. Ingo Scholz as independent candidate to represent the two SolarWorld AG bonds 2010/2017 (ISIN XS0478864225) and 2011/2016 (ISIN XS0641270045). On May 22 and 23, 2013, SolarWorld AG invited all bondholders to bondholder meetings in Bonn, Germany, where the company will present a restructuring concept and have the bondholders vote on joint representatives for the respective bonds. The joint representative's function is to represent the bondholders' interests in the ongoing negotiations in regards to the company's debt restructuring. If necessary, once elected the joint representative can hold bondholder meetings to have a vote on bondholder contributions in the running debt restructuring of SolarWorld AG. Dr. Ingo Scholz is a Partner at the international law firm Ashurst LLP. He is specialized in corporate finance and debt restructuring. Currently, he is also acting as the joint representative of the bondholders of Praktiker AG. In the past he acted as joint representative for bondholders e.g. in Arcandor and Deutsche Nickel. Dr. Ingo Scholz will be a candidate for the joint representative next to the candidates proposed by the company itself, Alexander Elsmann from Rechtsanwaltskanzlei ELSMANN and Frank Günther from G&P GmbH & Co. KG. The first votes on May 22 and 23, 2013, require a quorum of 50% out of the aggregate nominal value of each bond respectively. If this quorum is not reached in the first vote, a second voting will be held on a separate occasion. The second voting requires no quorum to appoint a joint representative. Bondholders are welcome to contact Ashurst LLP for further information and proxy forms: Ashurst LLP Dr. Ingo Scholz Fon +49 69 971126 Ingo.Scholz@ashurst.com Further information as well as the official invitation to the bondholder meetings can be found on the SolarWorld AG website: http://www.solarworld.de/en/investor-relations/noteholders-meeting/notehol ders-meetings/ Media contact: Tobias Eberle Charles Barker Corporate Communications GmbH Fon +49 69 79 40 90 24 Tobias.Eberle@charlesbarker.de End of Corporate News --------------------------------------------------------------------- 15.05.2013 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 --------------------------------------------------------------------- 211205 15.05.2013
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