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sunways AG

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

  Disclosure announcement transmitted by euro adhoc.
  The issuer is responsible for the content of this announcement.
16.02.2006
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.
end of announcement                               euro adhoc 16.02.2006 11:20:02

Further inquiry note:

Astrid Forst
Tel.: +49 (0)7531 99677 480
E-Mail: ir@sunways.de

Branche: Alternative energy
ISIN: DE0007332207
WKN: 733220
Index: CDAX, Prime All Share, Technologie All Share
Börsen: Frankfurter Wertpapierbörse / regulated dealing/prime
standard
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

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Plus de actualités: sunways AG