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Electronics Production |

Reorganisation of Centrotherm concluded

With the successful implementation of the capital measures approved as part of the insolvency plan, the reorganization, and consequently the recapitalization, of centrotherm photovoltaics has now been concluded.

This was achieved through converting unsecured creditors' claims into shares in the company. To this end, creditors initially assigned 70% of their claims, which were determined as unconditional and without restriction in the insolvency proceedings that have now been suspended, to Sol Futura Verwaltungsgesellschaft mbH as trustee in mid-May 2013. Following the entry in the commercial register on July 19, 2013 of the capital reduction and capital increase that were approved in the insolvency plan, this trust company contributed the claims to centrotherm photovoltaics AG as part of a non-cash capital increase. These claims have consequently lapsed, thereby significantly reducing the indebtedness of centrotherm photovoltaics AG. The remaining 30% of the receivables will be deferred until the end of 2015 on a non-interest-bearing basis. New shareholder structure Due to the entry of the capital measures and their implementation in the commercial register, centrotherm photovoltaics AG has had a new shareholder structure since July 19, 2013. Sol Futura Verwaltungsgesellschaft holds 16,929,904 shares in the company (corresponding to 80% of the share capital and voting rights). As a result of the reduction of the share capital, the interest of the previous majority shareholder TCH GmbH has reduced from 50% to 10% (2,116,238 shares). The remaining 10% of the shares in centrotherm photovoltaics AG comprise the free float.

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April 15 2024 11:45 am V22.4.27-1
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