Key Developments: SolarWorld AG (SRWRF.PK)
1.07USD
23 May 2013
$-0.02 (-1.83%)
$1.09
$1.07
$1.07
$1.07
120
2,853
$2.34
$0.70
Latest Key Developments (Source: Significant Developments)
SolarWorld AG Issues FY 2012 EBIT Guidance Below Analysts' Estimates
SolarWorld AG announced that it will not generate a positive EBIT in the fiscal year 2012 in light of the aggressive market situation characterized by illegal trade practices. According to I/B/E/S Estimates, analysts on average are expecting the Company to report fiscal year 2012 EBIT of EUR 30.91 million. Full Article
Solarparc AG Announces Transfer of Its Shares Held by Minority Shareholders to SolarWorld AG; Solarparc AG to Delist from Stock Exchange
Solarparc AG announced that on July 5, 2012 the decision of the Annual General Meeting of the Company held on May 23, 2012, about the transfer of the Company’s shares from minority shareholders to majority shareholder SolarWorld AG against an appropriate cash compensation of EUR 8.59 per share has been registered in the commercial register of Bonn. All shares held by minority shareholders were transferred to SolarWorld AG. The shares of Solarparc AG are expected to be delisted soon. Full Article
SolarWorld AG to Issue FY 2011 Dividend
SolarWorld AG announced that it has decided to distribute a dividend of EUR 0.09 per no-par value share entitled to dividends for the fiscal year 2011. The dividend shall be issued on May 25, 2012. For the fiscal year 2010, the Company issued a dividend of EUR 0.19 per share. Full Article
Qatar Electricity And Water Co QSC Signs Solar Energy Memorandum Of Understanding With SolarWorld AG Affiliate Qatar Solar Technologies
Qatar Electricity And Water Co QSC announced that it has signed a Memorandum Of Understanding (MOU) with Qatar Solar Technologies to explore the possibilities of developing power generation using solar energy in Qatar and beyond. Qatar Solar Technologies (QSTec) is a joint venture formed between Qatar Solar (a wholly owned subsidiary of Qatar Foundation for Education, Science and Community Development), SolarWorld AG and Qatar Development Bank. Full Article
SolarWorld AG Plans FY 2012 Dividend
SolarWorld AG announced that it has proposed to distribute a dividend of EUR 0.09 per share in the fiscal year 2012. For the fiscal year 2011, the Company planned a dividend of EUR 0.19 per share. Full Article
SolarWorld AG to Acquire All Remaining Shares of Solarparc AG
SolarWorld AG announced that it has exceed a 95% threshold of shares in Solarparc AG and will realize the full integration of Solarparc AG into the SolarWorld Group. The Management Board of SolarWorld AG will propose the acquisition of all remaining minority shares at the next Annual General Meeting. The goal is to delist Solarparc AG from the stock exchange and convert it into a limited company (GmbH) as a 100% subsidiary of SolarWorld AG. Full Article
SolarWorld AG Lowers FY 2011 Guidance
SolarWorld AG announced that for fiscal year 2011, the Company will exceed the EUR 1 billion revenue mark. Due to the negative price framework, however, SolarWorld AG will probably not reach the revenue level from fiscal year 2010, which was of EUR 1.3 billion. Full Article
SolarWorld AG Establishes Joint Venture Qatar Solar Technologies Together with Qatar Solar and Qatar Development Bank
SolarWorld AG announced that together with its partners SolarWorld AG will produce up to 8,000 tons of silicon per annum in Qatar in the future that is specifically suitable for being further processed into solar wafers. To this end SolarWorld AG has established the Joint Venture Qatar Solar Technologies together with Qatar Solar and the Qatar Development Bank which has awarded the contract for the construction of the silicon factory to the Indian general contractor Punj Lloyd Group. The 120 hectar site on which the factory is going to be built is located in the industrial estate of Ras Laffan in the North of the capital Doha and was already selected with a view to a potential enlargement later on. As soon as in the second half of 2013 the production of high purity poly-silicon will be started there. Full Article
SolarWorld AG Establishes New Joint Venture SolarCycle GmbH
SolarWorld AG announced that it has established a new Joint Venture for the production of metal products and other valuable materials that are made from recycled solar modules. The partners in this newly founded company in addition to SolarWorld AG itself are also the Preiss-Daimler Chemical Park as well as other companies. SolarWorld AG holds a 24% stake in SolarCycle GmbH. Headquarters of the company will be located in the Bitterfeld/Wolfen Chemical Park in Sachsen-Anhalt. At the Bitterfeld/Wolfen location the construction of the new, largely automated plant will begin in the fall of this year. The total investment for the venture will amount to EUR 12.7 million and will be implemented in two stages. Full Article
SolarWorld AG Issues 150 Million Euro Bond
SolarWorld AG announced that it has issued a bond with a volume of EUR 150 million. The bond has a time to maturity of five years and will carry an interest rate of 6.375% per annum. The denomination amounts to EUR 1,000. It is planned to list the bond at the Luxembourg stock exchange: WKN: A1H3W6, ISIN: XS0641270045, Common Code: 064127004. The bond has mainly been placed with financial institutes and intermediaries in the private investment sector in Germany and other European countries. Commerzbank AG and Deutsche Bank AG are the joint lead managers of the transaction. Full Article
SolarWorld to meet with creditors on May 22-23
DUESSELDORF/FRANKFURT, May 7 - SolarWorld said it will meet with creditors on May 22 and May 23 to move ahead with the German solar group's planned debt restructuring.
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