centrotherm photovoltaics starts share repurchase
- Share repurchase of up to 156,000 shares
- Purpose: Payment for the acquisition of the minority stake in GP Solar
- Share repurchase shall be concluded by December 31, 2008
The Management Board of centrotherm photovoltaics AG has passed a resolution concerning the execution of a share repurchase of up to 156,000 shares. This corresponds to almost one percent of the current issued share capital of the provider of technology and services for the manufacturing of solar cells and solar silicon.
The share repurchase can be commenced immediately on the basis of the resolution of the Shareholders' General Meeting of June 11, 2008. The repurchased shares will be used as payment for the acquisition of the minority stake in GP Solar GmbH, which occurred in April 2008.
It is intended that the share repurchase will be concluded by December 31, 2008.
– End of the ad hoc release –
About centrotherm photovoltaics AG
centrotherm photovoltaics AG, which is based at Blaubeuren, is one of the world's leading technology and service-providers for the manufacturing of solar cells and solar silicon. The broad product spectrum comprises key equipment and turnkey production lines for crystalline and thin-film solar cells. The product range is supplemented by reactors and converters for the manufacturing of solar silicon. centrotherm photovoltaics guarantees its customers important performance parameters such as production capacity, degree of efficacy, and completion deadlines for turnkey lines. The centrotherm photovoltaics Group currently employs 330 staff members at its locations in Blaubeuren, Burghausen, Constance, and Dresden, and operates globally in Europe, Asia, and the USA. The company achieved revenue in the last financial year of €166.2 million, EBIT of €21.1 million, and is listed in the TecDax of the Frankfurt Securities Exchange.
centrotherm photovoltaics AG
Listing: Regulated Market/Prime Standard, Frankfurt Securities Exchange
Registered Office: Germany
Senior Manager Investor Relations
T +49 7344 918-8890