SolarWorld Publishes Offer Document to Take Over Solarparc

After approval by the Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin), SolarWorld AG published the offer document for the voluntary public take-over of all shares of Solarparc AG as announced on Nov. 15, 2010.

The offer made by SolarWorld AG is that shareholders of Solarparc AG will receive one no par value bearer share of SolarWorld AG for each Solarparc AG share they agree to exchange.

The three-month average stock price for the shares of Solarparc AG determined by the Federal Financial Supervisory Authority (BaFin) as being applicable on the cut-off date of Nov. 14, 2010 amounts to €6.99; the three-month average stock price of SolarWorld shares determined in the same way amounts to €9.46. The value of the shares given in return is thus some 26 percent higher than the average stock price of the Solarparc shares.

According to the conditions of the offer documents, Solarparc AG shareholders can accept the offer of SolarWorld AG for their shares in the period from Dec. 31, 2010 to Jan. 28, 2011. To this end, the respective shareholders have to send a written declaration to this effect to their custodian (depot bank).

With the take-over, SolarWorld AG intends to forward integrate further its project business and to expand it internationally. The stake already held by SolarWorld AG in Solarparc AG before the decision to submit a take-over offer amounts to 28.47 percent of the capital stock and of the voting rights.