Conergy AG

euro adhoc: Conergy AG
Restructuring & Recapitalisations
Conergy AG plans equity issue without subscription rights

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Conergy AG plans equity issue without subscription rights

Hamburg, 8th March 2007: Conergy AG (ISIN DE 0006040025) plans to place up to 2,999,999 shares from an equity issue. On the basis of the authorisation given by the Annual General Meeting on May 29th 2006, the Board of Management and Supervisory Board of Conergy AG intend to increase the company’s registered capital by up to 10% without subscription rights. Conergy has appointed Commerzbank Corporates & Markets and J.P. Morgan Securities Ltd. as Joint Lead Managers and Joint Bookrunners in this transaction.

The placing price for the up to 2,999,999 shares will be set by means of an accelerated bookbuilding process. The offering of the new shares by means of an accelerated bookbuilding is exclusively directed at German and international institutional investors. The proceeds of the equity issue will be used to finance further growth. Conergy is about to finalize negotiations to secure supplies of solar grade silicon for the solar wafer, cell and module production in the Frankfurt/Oder plant for 2007, 2008 and for further expansion beyond 2008. In order to secure its position and lower purchase prices Conergy intends to make certain up-front investments. Furthermore, the equity issue will give Conergy flexibility to make acquisitions. These are intended to reinforce Conergy’s technological know-how and to speed up internationalisation

The placing price and the proceeds of the issue will be made public in a separate Ad-hoc disclosure.

Important Information

This announcement contains forward-looking statements, which reflect Conergy AG's current expectations and projections about future events. Various known and unknown risks, uncertainties and other factors could cause future results, financial condition, performance or development of the Company to differ materially from those described in these forward-looking statements.  No obligation is assumed by Conergy AG to update any forward-looking statements.

The information contained in this announcement is not for publication or distribution in Canada, Australia or Japan and does not constitute an offer of securities for sale in such countries.

The placement of shares and the distribution of this announcement or other information in connection with the placement could be restricted in certain jurisdictions by applicable law and any persons who obtain any documents referred to herein or any other information with respect thereto, must inform themselves about any such legal restrictions and must observe these restrictions. Not observing any of these legal restrictions could constitute a violation of the applicable securities laws in the relevant jurisdiction.

This announcement is not an offer of securities for sale in the United States of America. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended. Any public offering of securities to be made in the United States of America will be made by means of a prospectus that may be obtained from Conergy AG or the selling shareholder and that will contain detailed information about the company and management, as well as financial statements.

This announcement is directed at and/or for distribution in the United Kingdom only to (i) persons who have professional experience in matters relating to investments falling within article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order") or (ii) high net worth entities falling within article 49(2)(a) to (d) of the Order (all such persons being together referred to as "relevant persons"). Any investment or investment activity to which this announcement relates is available only to relevant persons and will be engaged in only with relevant persons. This announcement is directed only at relevant persons. Any person who is not a relevant person should not act or rely on this announcement or any of its contents.

This announcement is not a prospectus in the meaning of the German Securities Prospectus Act and the EU Prospectus Regulation Nr. 809/2004 of 29 April 2004 and, to the extent that it may constitute an advertisement, does not constitute an offer to sell or the solicitation of an offer to purchase the shares or other securities of Conergy AG.

The information contained in this announcement is not for publication or distribution in the United States of America.

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ots Originaltext: Conergy AG
Im Internet recherchierbar:

Further inquiry note:
Thorsten Vespermann
Tel.: +49 (0)40 237 102 171

Branche: Energy
ISIN:      DE0006040025
WKN:        604002
Index:    TecDAX, Technologie All Share, CDAX, HDAX, Prime All Share,
              Midcap Market Index
Börsen:  Frankfurter Wertpapierbörse / official dealing/prime standard
              Börse Berlin-Bremen / free trade
              Hamburger Wertpapierbörse / free trade
              Börse Düsseldorf / free trade
              Niedersächsische Börse zu Hannover / free trade

Weitere Meldungen: Conergy AG

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