PresseBox
Press release BoxID: 154566 (Solarvalue AG)
  • Solarvalue AG
  • Kurfürstendamm 29
  • 10719 Berlin
  • http://www.solarvalue.com
  • Contact person
  • Maximilian Fischer
  • +49 (89) 139288-90

Solarvalue plans issue of bonus shares Shareholders' Equity increased eightfold

(PresseBox) (Berlin, ) At the annual shareholders' meeting in Berlin on March 28, 2008, the Solarvalue AG shareholders will also be asked to vote on a share capital increase from corporate funds. The proposal of the management board and the supervisory board is to convert part of the additional paid-in capital (as of December 31, 2007) indicated in the Annual Report into share capital. The company uses this measure to retain additional paid in capital in the company on a permanent basis and at the same time increase the liquidity of shares.

If the shareholders approve the proposal, seven new shares will be issued for each non-par-value share. As a result, the share capital of Solarvalue AG and also the number of the issued shares would be increased by 7,350,000 euros from 1,050,000 euros to 8,400,000 euros or shares. The new non-par-value shares are entitled to a dividend from the beginning of fiscal year 2008. After registration of the capital increase from company funds, the new shares will also be admitted to trading on the Stock Exchange.