EANS-Adhoc: aleo solar AG
aleo solar AG agrees capital measure with Robert
Bosch GmbH
13.11.2012 – 17:11
-------------------------------------------------------------------------------- ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- 13.11.2012 aleo solar AG and its majority shareholder, Robert Bosch GmbH, today agreed a waiver of claims in the amount of EUR 25 million and a declaration to subordinate liability in the amount of EUR 50 million. Robert Bosch GmbH had extended short-term shareholder loans under a Group credit facility to aleo solar AG between 19 December 2011 and 19 September 2012, which at 30 September 2012 amounted to EUR 91 million (plus interest not yet paid in the amount of EUR 816 thousand). Under today's waiver agreement, Robert Bosch GmbH waived claims against aleo solar AG amounting to EUR 25 million in connection with these loans effective immediately. For the remaining shareholder loan, aleo solar AG and Robert Bosch GmbH today also agreed a declaration to subordinate liability in accordance with Section 19 (2) sentence 2 German Insolvency Code amounting to EUR 50 million. Given the current tight capital position of aleo solar AG, these measures are intended to relieve the balance sheet of aleo solar AG and improve the company's capital structure. Further inquiry note: Hermann Iding Corporate Communications Tel.: +49 (0)441-21988-390 E-Mail: Invest@aleo-solar.de end of announcement euro adhoc -------------------------------------------------------------------------------- issuer: aleo solar AG Marius-Eriksen-Straße 1 D-17291 Prenzlau phone: +49(0)441 21988-0 FAX: +49 (0)441 21988-690 mail: invest@aleo-solar.de WWW: http://www.aleo-solar.de sector: Alternative energy ISIN: DE000A0JM634 indexes: CDAX, Prime All Share, Technology All Share stockmarkets: free trade: Berlin, München, Hamburg, Düsseldorf, Stuttgart, regulated dealing/prime standard: Frankfurt language: English