S.A.G. Solarstrom AG ( Solar Thermal Magazine ) -Ad Hoc Notification According to § 15 of the German Securities Trading Act Freiburg i. Br., May 16, 2014. The insolvency administrator Dr. Jörg Nerlich from the legal office of Görg in Cologne, today informed the Executive Board of S.A.G. Solarstrom AG (under insolvency proceedings) (German security identification number: 702 100, ISIN: DE0007021008) about the report for today’s creditors’ meeting. According to the report, he is assuming an insolvency quota of approximately 50%, if the ongoing investor process can be positively concluded. Depending on the actual result of the investor process, the insolvency dividend might ultimately lie considerably below 50%, but might also be considerably higher.
Even if the outcome of the investor process is positive, the question of whether the company shareholders will receive a return flow of funds is still open. However, based on the positive development of the investor process, a divestiture of S.A.G. Solarstrom AG is not expected as matters stand.