DGAP-News

SolarWorld AG: Management Board presents growth plans to shareholders

DGAP-News: SolarWorld AG / Key word(s): AGM/EGM/Miscellaneous
SolarWorld AG: Management Board presents growth plans to shareholders

02.06.2015 / 17:30

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- 15th Annual General Meeting of SolarWorld AG in Bonn

- Shareholders formally approved of the actions of the Management Board
and Supervisory Board of SolarWorld AG for the 2014 fiscal year with
majorities of 99.9 percent in each case

- Shareholders of SolarWorld AG elect their members of the Supervisory
Board

Today in Bonn at the 15th Annual General Meeting of SolarWorld AG, the
Chairman of the Management Board Dr.-Ing. E. h. Frank Asbeck positively
summarized the company's development since the beginning of 2014 and
explained the company's next steps for further growth. "We mastered the
financial restructuring also thanks to our shareholders and have drawn up
the foundations for a successful future. SolarWorld is now the only
integrated solar manufacturer in Europe and the United States providing
unique quality and reliability. International demand for our high-tech
products is rising. We are continuing to invest in high performance
technology and are increasing our manufacturing capacities," stated the
Chairman of the Management Board in front of around 230 shareholders
attending the meeting. He also confirmed the objective of achieving a
positive operating result (EBIT) without potential one-off effects in 2015.

Shareholders formally approved of the actions of both the Management Board
and the members of the Supervisory Board with majorities of 99.9 percent of
the capital represented in each case for the 2014 fiscal year, during which
amongst other things the strategically important acquisition of the solar
facilities of Bosch Solar Energy in Arnstadt/Germany took place.

All the other resolutions proposed by the Management Board and the
Supervisory Board were also adopted with majorities of more 98 percent.
About 52 percent of the capital of SolarWorld AG participated in the votes.
The shareholder structure of SolarWorld AG changed fundamentally as part of
the financial restructuring process. Since then, the new anchor investor
has been Qatar Solar S.P.C. with a holding of 29.00 percent. Dr.-Ing. E. h.
Frank Asbeck holds a share of 20.85 percent, whilst 50.15 percent of the
capital is currently in freefloat.

Election of new Supervisory Board members
The Annual General Meeting of SolarWorld AG elected six new members of the