DGAP-Adhoc

Solar-Fabrik Aktiengesellschaft für Produktion und Vertrieb von solartechnischen Produkten: Exploitation of fixed and current assets of SFAG in the insolvency proceedings in self-administration close to completion; evacuation of the plant by June 30, 2016

Solar-Fabrik Aktiengesellschaft für Produktion und Vertrieb von solartechnischen Produkten / Key word(s): Disposal/Forecast

04.05.2016 16:40

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
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The issuer is solely responsible for the content of this announcement.

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Exploitation of the fixed and current assets of Solar-Fabrik AG in the
insolvency proceedings in self-administration close to completion,
implementation of the asset sale and evacuation of the plant in Freiburg to
be completed by June 30, 2016. Purchaser of production line No.3 intends to
resume module production at his own site.

After Solar-Fabrik AG i.I. (ISIN: DE0006614712) had discontinued its
operation in June 2015, the focus of the executive board of Solar-Fabrik AG
in the insolvency proceedings in self-administration was the exploitation
of the remaining fixed and current assets of the former business operations
at the Freiburg premises. This process is done in close consultation with
the custodian (Sachwalter) and the members of the creditors committee
(Gläubigerausschuss).
The exploitation process has been completed today by the intended sale of
the last remaining fixed and current assets to several individual parties.
The module production line No.3 could be sold in a package together with
Solar-Fabrik's portfolio of trademarks, amongst others, to HSL Laibacher
GmbH. They intend to resume the production of solar modules under the brand
Solar-Fabrik at their existing site in the area of Aschaffenburg. This does
not include a continuation of Solar-Fabrik AG.
The economic transfer of the sold assets to the purchasers and the
evacuation of the Solar-Fabrik plant in Freiburg is expected to be
completed by June 30, 2016,
The executive management in self-administration and the custodian of
Solar-Fabrik AG continue the winding-up operations in the insolvency
process. This includes, for instance, recovery of claims to the benefit of
the bankruptcy assets (Insolvenzmasse) as well as the clarification of the
liabilities, including the insolvency claim notifications from creditors.
A final statement on the financial results of the insolvency proceedings in
self-administration is currently not possible. According to the current
provisional assessment, the bankruptcy assets freely available for
distribution at the completion of the proceedings are expected to be around
EUR 4,7 million. The balances on the accounts of Solar-Fabrik AG is