centrotherm photovoltaics concludes current share repurchase program
centrotherm photovoltaics AG has concluded the share repurchase program, which it started on July 3, 2008, on schedule. The program entailed the repurchase of up to 156,000 shares.
A total of 156,000 shares were repurchased at an average price of € 50,86 per share on the basis of the resolution of the Shareholders' General Meeting of June 11, 2008. This is equivalent to 1 % of the share capital. The repurchase was conducted for the purpose of using the shares as payment for the acquisition of the minority stake in GP Solar GmbH, which occurred in April 2008. It is intended that the shares will be transferred to Dr. Peter Fath, Managing Director of GP Solar and Management Board member responsible for technology at centrotherm photovoltaics AG, over the course of the coming days.
Further information about the share repurchase program can be found in the Investor Relations area.
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 financial year 2007 of EUR 166.2 million, EBIT of EUR 21.1 million, and is listed in the TecDax of the Frankfurt Stock Exchange.
centrotherm photovoltaics AG
Listing: Regulated Market/Prime Standard, Frankfurt Securities Exchange
Registered Office: Germany
Senior Manager Investor Relations
T +49 7344 918-8890