Ad-hoc-Publication - Sunways AG
Ad-hoc-Publication - Sunways AG
Ad-hoc-Publication - Sunways AG
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<strong>Ad</strong> <strong>hoc</strong> announcement pursuant to<br />
§ 15 of the German Securities<br />
Trading Act (WpHG)<br />
<strong>Sunways</strong> <strong>AG</strong>: Scheduled<br />
publication dates for financial<br />
reports have been postponed<br />
Konstanz/Germany, 27 April 2012 – <strong>Sunways</strong> <strong>AG</strong> (SWW:GR,<br />
SWWG.DE, ISIN DE0007332207) is postponing the publication<br />
of its financial statements and consolidated financial<br />
statements as well as of the other documents relating to the<br />
annual financial report of <strong>Sunways</strong> <strong>AG</strong> for the fiscal year 2011<br />
which had been scheduled for 30 April 2012. In this context,<br />
the publication date for the 2012 1st quarter financial report<br />
of <strong>Sunways</strong> <strong>AG</strong> (Q1 report 2012) will also be postponed. The<br />
new publication date is expected to be 31 May 2012.<br />
Accordingly, the annual general meeting of <strong>Sunways</strong> <strong>AG</strong> will<br />
be postponed to late July/early August 2012. This decision was<br />
made today upon intensive consultations between the<br />
Management Board and the Supervisory Board. <strong>Sunways</strong> <strong>AG</strong><br />
expects to announce the precise publication dates at short<br />
notice.<br />
The postponement is based on the fact that, in connection<br />
with LDK Solar Germany Holding GmbH’s recent acquisition of<br />
a majority stake in <strong>Sunways</strong> <strong>AG</strong>, various matters affecting the<br />
preparation of the financial statements and consolidated<br />
financial statements have arisen that still need to be clarified.<br />
These include the result of ongoing negotiations with a major<br />
supplier about the terms of a supply contract entered into with<br />
the latter and the resulting consequences concerning the<br />
consideration of this contract in the financial statements as<br />
well as the outcome of talks on the future funding structure<br />
with the new majority shareholder and relationship banks of<br />
<strong>Sunways</strong> <strong>AG</strong>.<br />
Contact:<br />
Dr. Harald F. Schaefer<br />
communications@sunways.de<br />
Page 1/2<br />
<strong>Sunways</strong> <strong>AG</strong> | Macairestraße 35 | D78467 Konstanz<br />
Fon +49 7531 996770 | Fax +49 7531 9967710<br />
info@sunways.de | www.sunways.eu<br />
Registered office Konstanz<br />
Commercial register no.: HRB 381661 Freiburg<br />
Chairman of supervisory board: Otto Mayer<br />
Management board: Michael Wilhelm (Chairman), Jörg von<br />
Strom, Jürgen Frei
Contact<br />
Dr. Harald F. Schaefer<br />
Head of Corporate Communications and Investor Relations<br />
Phone +49 7531 996 77 415<br />
Fax +49 7531 996 77 10<br />
communications@sunways.de<br />
<strong>Sunways</strong> <strong>AG</strong> | Macairestraße 35 | D78467 Konstanz<br />
Fon +49 7531 996770 | Fax +49 7531 9967710<br />
info@sunways.de | www.sunways.eu<br />
Page 2/2<br />
Registered office Konstanz<br />
Commercial register no.: HRB 381661 Freiburg<br />
Chairman of supervisory board: Otto Mayer<br />
Management board: Michael Wilhelm (Chairman), Jörg von<br />
Strom, Jürgen Frei