centrotherm photovoltaics AG moves to the General Standard
The move to the General Standard takes place as part of the current restructuring process. "In the present situation we must take advantage of every option to save costs. Switching from the Prime Standard to the General Standard will spare us the expense of both listing and consequential obligations. While at the same time, our shareholders will continue to enjoy the unrestricted opportunity to trade their shares on the Frankfurt Stock Exchange," explained CFO Dr. Thomas Riegler.
centrotherm photovoltaics AG is currently undergoing a process of self-managed restructuring. If creditors agree to the debt-to-equity swap proposed in the restructuring plan, the number of shares in free float would also be reduced. With this in mind also, the move to the General Standard is an expedient step to take.
centrotherm international AG
centrotherm photovoltaics AG, which is based at Blaubeuren, Germany, is a globally leading technology and equipment provider for the photovoltaics sector. The company equips wellknown solar companies and new sector entrants with turnkey production lines and single equipment to manufacture silicon, and crystalline solar cells and modules. As a consequence, the Group possesses a broad and well-founded technological basis, as well as key equipment at practically all steps of the photovoltaics value chain. centrotherm photovoltaics guarantees its customers important performance parameters such as production capacity, efficiencies, and completion deadlines. The Group currently employs around 1,300 staff, and operates globally in Europe, Asia and the USA. centrotherm photovoltaics achieved revenue in the 2011 financial year of around EUR 700 million. The company is listed in the Prime Standard on the Frankfurt Stock Exchange.