sunways AG

euro adhoc: Sunways AG
Restructuring & Recapitalisations
Sunways AG: Shares from capital increase successfully placed

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Constance, 16 February 2006 - Sunways AG (Macairestraße 3 - 5, D-78467 Konstanz, ISIN DE0007332207, ISIN DE000A0BNPN0) successfully placed the shares from a capital increase without subscription rights.

A total of 1,121,406 shares was successfully placed with German and international institutional investors in an accelerated bookbuilding. The book was covered several times prior to market open. HVB Corporates & Markets, Munich, acted as lead manager and sole bookrunner for this transaction.

The final issue price is EUR 20.00 per share, corresponding to a discount of 1.19 per cent to the previous day´s XETRA-closing price.

The company raised gross proceeds of approximately EUR 19 Mio.

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

Based on the authorization of paragraph 5 of the articles of association of Sunways AG, the excecutive 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) provided up to 150,000 shares for use in a possible over-allotment. Additionally, 20,000 shares from Mr. Otto Mayer were placed. The offered shares were provided in the form of a securities loan by Mr. Burkhardt and Mr. Mayer.

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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