01_

COMPANY

02_

SOLAR SILICON

03_

DATES

04_

INVESTOR RELATIONS

05_

PRESS

AT A GLANCE
FINANCIAL REPORTS
PRESENTATIONS
FAQ
CONTACT
cornerleft
right
cornerright
logo2
left
header
FAQ
MATERIAL
right
COMPANY
EQUITY STORY
COMPANY STRUCTURE
MANAGEMENT
SOLAR SILICON
MARKET
PROCEDURE

01

_

02

_
DATES
ANNUAL GENERAL MEETINGS
IMPORTANT DATES

03

_
INVESTOR RELATIONS
OVERVIEW
FINANCIAL REPORTS
PRESENTATIONS
ANNUAL GENERAL MEETING
FAQ

04

_
PRESS
PRESS RELEASES
PRESS CONTACT

05

_
IR-CONTACT
downborder
cornerleft
left
cornerleft
Imprint | © 2009 Solarvalue AG

FAQ

 
„FAQ regarding the press release from the 1st of July 2009 only available in German version. For more information please press here.
home_aus
mail_aus
flagge_deu_aus

Capital increase from company assets
(„bonus shares”)


 
What is an issue of „bonus shares”?
The shareholders meeting of the Solarvalue AG approved a capital increase from company assets on March 28, 2008. Seven new shares („bonus shares) were issued for each share with no par value, increasing the share capital of Solarvalue AG and the number of shares issued by 7,350,000 Euro from 1,050,000 Euro to 8,400,000 Euro.
 
Why are the new shares named „bonus shares”?
„Bonus shares (also called adjustment, free or  additional shares) result from the conversion of reserves to share capital, and shareholders are entitled to „bonus shares” in proportion to their interest in the share capital. The capital increase by the issuance of „bonus shares” is a particular accounting procedure with no funds provided to Solarvalue AG. „bonus shares are extra shares that have been issued from company assets at zero price under a capital increase.
 
Why does Solarvalue issue „bonus shares”?
The goal of the measure is to permanently commit capital to the company and at the same time increase liquidity for share trading; thus reducing the volatility of the share price.
 
What must I do as a shareholder to have the bonus shares credited to my account?
Activities on the part of our shareholders are not required for the issuance of the new shares. Technical matters are handled by the custodian banks. We will provide information on the exact date of the conversion by separate notification.
 
Do the new shares have a separate Securities Identification Number (ISIN)?
No. The „bonus shares” are also entitled to a dividend at the beginning of fiscal year 2008. The complete share capital of 8,400,000 Euro will be admitted to trading on the Stock Exchange. There is no new Securities Identification Number. The new and the old shares have the same ISIN.
 
What are the effects of a „bonus share” issue on the market price of the Solarvalue share?
The price per share is principally reduced to one eighth of the price prior to execution of the capital measure. At the same time each shareholder receives eight shares instead of one share.
 
What are the effects of the issuance of „bonus shares” on the shares already acquired and held in the share account?
The issuance of „bonus shares” is asset-neutral, i.e. the total value of the Solarvalue  shares held in the account is not changed: The number of the shares held is increased eight-fold, while the value per share is reduced to one eighth in terms of figures. Theoretically both effects compensate each other.
 
Does the issuance of bonus shares have a tax impact?
The capital measure has no tax impact on our shareholders.
 

General information


 
What are the goals of Solarvalue AG?
 
Short term:To produce high-quality solar grade silicon (SGS)
cost effectively from metallurgical silicon.
Medium term:To establish an integrated group of companies to cover the entire value chain from material through to PV system.
Long term:To make a sustainable contribution to changing
the way energy is produced.
 
Who is the CEO?
 
Claudia Boehringer has more than 20 years' experience in the financial sector, working for companies such as Dresdner Bank AG and Bankhaus Löbbecke, Berlin. Her focus was on structuring her clients' investment securities. She was most recently employed by Anderson Capital, where she conducted research into the international solar market. For Solarvalue AG, she has brought together a team of experts from the worlds of finance, research, and marketing.