Conergy AG / Key word(s): Corporate Action/Change of Personnel
27.06.2011 11:53
Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Conergy begins with implementation of planned capital measures /
Change on the Management Board
Hamburg, Germany, 27 June 2011 - After approval of the resolutions passed
at the extraordinary shareholders' meeting in February by the Higher
Regional Court of the Hanseatic City of Hamburg, Conergy AG has begun with
the planned 8-to-1 capital reduction and the subsequent capital increase of
around EUR188 m against contribution in cash and in kind.
Today, the Management Board and Supervisory Board of Conergy AG came to a
decision on the specific details of the implementation of the subscribed
capital increase against cash contributions. As part of the subscribed
capital increase, ownership of eight of the previous shares (prior to the
capital reduction with ISIN DE 0006040025 / WKN 604002) generates an
entitlement to subscribe to around 3.77 of the new shares (following the
capital reduction with ISIN DE 0006040025 / WKN 604002). The purchase price
is EUR 1.05 per new share. The subscription period will be from 29 June
2011 to 12 July 2011 (including these two dates). M.M.Warburg & CO KGaA has
been entrusted with the task of conducting the subscription offer. Neither
the company nor M.M.Warburg & CO KGaA will initiate trading of the
subscription rights.
The subscription offer to the shareholders of the company will be published
soon in the Electronic Federal Gazette and on the company's website at
http://www.conergy-group.com/investor-relations.aspx. Specific details
related to the subscribed capital increase can be obtained from the
subscription offer itself.
Within the context of the preparatory discussions related to the
implementation of the capital measures, Andreas Wilsdorf, Board member
responsible for sales, announced to the Conergy AG Supervisory Board that
he will be resigning from his position at the company with effect from 31
July 2011 for personal reasons not related to the company. At request of
the Supervisory Board, Alexander Gorski will take over the responsibility
for sales as of 1.8.2011, and has been appointed from Deputy Board Member
to full Member of the Management Board.
Contact:
Christoph Marx
Head of Investor Relations
Conergy AG
Anckelmannsplatz 1
20537 Hamburg
Germany
T +49 40 271 42 - 1634
F +49 40 271 42 - 1639
27.06.2011 DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: Conergy AG
Anckelmannsplatz 1
20537 Hamburg
Deutschland
Phone: +49 (0)40 27 142-1000
Fax: +49 (0)40 27 142-1100
E-mail: info@conergy.de
Internet: www.conergy.de
ISIN: DE0006040025
WKN: 604002
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
in Berlin, Düsseldorf, Hamburg, Hannover, München, Stuttgart
End of Announcement DGAP News-Service
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DGAP-Adhoc: Conergy AG: Conergy begins with implementation of planned capital measures / Change on the Management Board
| Source: EQS Group AG