Capital Measures
Convertible Bond: Conversion Period 2008
The conversion privilege can only be exercised within the following conversion periods:
a) On the third bank working day in Frankfurt after the Annual General Meeting of the company and the following ninth bank working day in Frankfurt in the years 2008 - 2010 respectively; (note by S.A.G. Solarstrom: July 16th - 29th, 2008)
b) Within one or more special conversion periods; these cover up to 10 bank working days in Frankfurt and commerce on the bank working day in Frankfurt following the calendar day on which the issuers announce the special conversion period, and in particular its duration.
Conversion Notice 2008
41 Kb - pdf
Conditions for the Issue of Convertible Bonds 2008
68 Kb - pdf
Convertible Bond July 2007
Details of the proposal and conditions of the convertible of July 2007 are given here.
Capital Increase June 2006
On June 14th 2006, the Executive Board and the Supervisory Board of S.A.G. Solarstrom AG resolved to issue 2,107,357 new ordinary bearer shares at a price of €3-50. This increases the company’s equity capital with a nominal value of €2.56 per share from €26.97m to €32.37m. The subscription period began on June 19th and ended on July 3rd with a subscription ratio of 5:1. The capital increase is aligned exclusively to existing shareholders. Trade in subscription rights is excluded. The new shares are profitsharing at the start of the fiscal year 2006.
Capital Increase November 2005
On November 4th 2005, the Executive Board and the Supervisory Board of S.A.G. Solarstrom AG resolved to issue 945,749 new ordinary bearer shares. This once again increases the company’s equity capital by around €7m. The company will use the money to finance long-term supply contracts with manufacturers from Asia, in order to continue the expansion of the market shares of the next few years.
Capital Increase - March 2005
To finance its continued growth, S.A.G. Solarstrom AG raised more capital through cash contributions on March 1st 2005. The Group issued 859,772 new shares at a nominal value of €2.56, none of which were purchasable by existing shareholders. This increased the nominal capital of the company from €22.01m to €24.21m. This capital raising venture brought S.A.G. Solarstrom AG around €5.4m in equity capital, to be used to finance growth.