sunways AG

euro adhoc: Sunways AG
Restructuring & Recapitalisations
Sunways AG decides capital increase without subscription rights

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Constance, 16 February 2006 - Based on the authorization of paragraph 5 of the articles of association of Sunways AG (Macairestraße 3 - 5, D-78467 Konstanz, ISIN DE0007332207, ISIN DE000A0BNPN0), the executive board resolved with the consent of the supervisory board to raise the share capital with the exclusion of subscription rights from EUR 9,627,070.00 by EUR 951,406 to EUR 10,578,476.00 following § 186 (3) Clause 4 AktG by issuing 951,406 new no-par value shares with full dividend entitlement as of January 1, 2005.

The major shareholders Roland Burkhardt (CEO) and Otto Mayer (Member of the Supervisory Board) will provide HVB with up to 150,000 shares in the form of a securities loan for use in a possible over-allotment. Additionally, up to 20,000 shares will be provided for the placement by Otto Mayer.

The shares will be offered through an accelerated bookbuilding process to institutional investors in a private placement.

HVB Corporates & Markets, Munich, acts as Lead Manager and Sole Bookrunner for the transaction.

The final issue price and the placement volume of the shares will be published in a separate ad-hoc notification after completion of the transaction.

The proceeds from the capital increase will be used primarily to ensure the company with the strategic procurement of wafers for the production of solar cells by entering into corresponding supply agreements to strengthen Sunways' platform for stable and secure growth in the future.

This announcement is not an offer of securities for sale in the United States. Securities may not be offered or sold in the United States without registration with the U.S. Securities and Exchange Commission if no exemption from registration has been issued. The issuer does not plan to register the securities for sale to the public in the United States.

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ots Originaltext: sunways AG
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Further inquiry note:
Astrid Forst
Tel.: +49 (0)7531 99677 480

Branche: Alternative energy
ISIN:      DE0007332207
WKN:        733220
Index:    CDAX, Prime All Share, Technologie All Share
Börsen:  Frankfurter Wertpapierbörse / regulated dealing/prime
              Börse Berlin-Bremen / free trade
              Hamburger Wertpapierbörse / free trade
              Baden-Württembergische Wertpapierbörse / free trade
              Börse Düsseldorf / free trade
              Niedersächsische Börse zu Hannover / free trade
              Bayerische Börse / free trade

Weitere Meldungen: sunways AG

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