DGAP-News: SolarWorld AG: Shareholders elect five new

DGAP-News: SolarWorld AG / Key word(s): AGM/EGM/Change of Personnel SolarWorld AG: Shareholders elect five new members of the Supervisory Board 30.05.2014 / 20:09 --------------------------------------------------------------------- Actions of Management Board and Supervisory Board in fiscal years 2012 and 2013 ratified by large majorities Today, about 250 shareholders attended the first Annual General Meeting of SolarWorld AG since the completion of financial restructuring. The meeting took place in Bonn, Germany. Including shareholders who voted by absentee ballot, about 69 percent of the capital were represented. The proposed resolutions of the Management Board and Supervisory Board were approved by large majorities. These included the election of five new Supervisory Board members - in each case by more than 99 percent of capital represented. Together with Dr. Georg Gansen, who was appointed in the previous year, the Supervisory Board of SolarWorld AG now comprises six members (in alphabetical order): Dr. Khalid K. Al Hajri, Doha, Qatar Faisal M. Alsuwaidi, Doha, Qatar Heiner Eichermüller, Scottsdale/Arizona, United States Dr. Georg Gansen, Bonn, Germany Dr. Andreas Pleßke, Herrsching am Ammersee, Germany Jürgen Wild, Vaucresson, France The composition of the Supervisory Board reflects the changed shareholder structure following the financial restructuring. The five members elected today were found among the new shareholder groups. After the Annual General Meeting, the Supervisory Board convenes for its first meeting to appoint the future chairman and his deputy. The decision will be announced on the SolarWorld AG website. The expansion of the Supervisory Board from three to six persons was approved by the extraordinary shareholders' meeting of SolarWorld AG on August 7, 2013. The former long-serving chairman of the Supervisory Board Dr. Claus Recktenwald and Board member Marc M. Bamberger did not stand for re-election at today's Annual General Meeting. "On behalf of the Management Board of SolarWorld AG, I would like to thank our two departing Supervisory Board members for their great commitment, especially during the difficult phase of financial restructuring. As chairman of the Supervisory Board, Dr. Claus Recktenwald has been with our company since its establishment in 1998 and has played an important role in SolarWorld's history. I am looking forward to an equally trusting and constructive relationship with the new Supervisory Board," said Dr.-Ing. E. h. Frank Asbeck, CEO of SolarWorld AG. Actions of Management Board and Supervisory Board ratified By majorities of more than 99 percent, shareholders ratified the actions of the Management Board and Supervisory Board for fiscal year 2012. Ratification of actions for the fiscal year before last (2012) could not be granted until today's Annual General Meeting, which follows the adoption of the annual financial statements as of December 31, 2012 on January 24, 2014. This had not been possible in 2013, as the company's financial restructuring was still ongoing. By majorities of more than 99 percent, shareholders also ratified the actions of the Management Board and Supervisory Board for fiscal year 2013. New authorized capital created Furthermore, by about 97 percent of capital represented, shareholders voted to authorize the Management Board of SolarWorld AG to increase the company's share capital by issuing new, no-par bearer shares or registered shares in exchange for cash contributions or contributions in kind. The aim is to enable the company to respond to market conditions while minimizing the negative impact on its share price. The resolution passed today allows the Management Board to increase share capital once or several times in the period until May 30, 2019, with the approval of the Supervisory Board, up to a total of EUR 7,448,000.00. The Articles of Association of SolarWorld AG will be amended accordingly. Old and new shares to be traded under same ISIN from June 2, 2014 14,896,000 shares have been in circulation since the completion of financial restructuring on February 24, 2014. Five percent of the share capital is attributable to the old SolarWorld shares with the international securities identification number (ISIN) DE000A1YCMM2. The new shares make up the remaining 95 percent (ISIN DE000A1YDED6). The two shares had to trade under separate ISINs until the adopted annual financial statements for fiscal years 2012 and 2013 had been submitted to the Annual General Meeting. This happened today. As a result, with the start of the next trading day, i.e. from June 2, 2014, both shares will be listed under the same ISIN DE000A1YCMM2. The resolutions and voting results from the Annual General Meeting of SolarWorld AG will be published at www.solarworld.de/agm2014. SolarWorld REAL VALUE: SolarWorld manufactures and sells solar power solutions and in doing so contributes to a cleaner energy supply worldwide. The group, headquartered in Bonn, Germany, employs approximately 3,200 people and carries out production in Freiberg, Germany; Arnstadt, Germany; and Hillsboro, USA. From raw material silicon to solar wafers, cells and modules, SolarWorld manages all stages of production ‒ including its own research and development. Through an international distribution network with locations in Europe, USA, Singapore and South Africa, SolarWorld supplies customers all over the world. The company maintains high social standards at all locations across the globe, and has committed itself to resource- and energy-efficient production. SolarWorld was founded in 1998 and has been publically traded on the stock market since 1999. More information at www.solarworld.de/en Contact: SolarWorld AG Investor Relations Phone: +49 228 55920-470; Fax: +49 228 55920-9470, Email: placement@solarworld.de; Internet: www.solarworld.de/en/investor-relations End of Corporate News --------------------------------------------------------------------- 30.05.2014 Dissemination of a Corporate News, transmitted by DGAP - a company of EQS Group 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 --------------------------------------------------------------------- Language: English Company: SolarWorld AG Martin-Luther-King-Straße 24 53175 Bonn Germany Phone: +49 (0)228 - 559 20 470 Fax: +49 (0)228 - 559 20 9470 E-mail: placement@solarworld.de Internet: www.solarworld.de ISIN: DE000A1YCMM2, DE000A1YDED6, DE000A1YDDX6, DE000A1YCN14 WKN: A1YCMM, A1YDED, A1YDDX, A1YCN1 Listed: Regulierter Markt in Düsseldorf, Frankfurt (Prime Standard); Freiverkehr in Berlin, Hamburg, München, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 271515 30.05.2014