To co-finance its continued strong growth in the coming years and the advance payments required for related long-term silicon contracts, the management board of ersol Solar Energy AG has resolved to nominally increase the company’s share capital by up to approximately EUR 1.85 million.
The new shares will be offered to ersol shareholders by issuing bank HSBC Trinkhaus & Burkhardt AG during the period from July 2 to 17, 2007 by way of indirect subscription rights. The subscription ratio will be 10:1. The subscription price for the new shares is expected to be specified on July 12, 2007. Following the subscription period, any new shares that are not purchased will be offered by the issuing bank to qualified investors as part of a private placement.
ersol was advised by Dr. Hoimar von Ditfurth (lead) and Dr. Stephan Aubel, who are partners at Gleiss Lutz’ Frankfurt office.
In 2005, Gleiss Lutz advised the underwriter on the IPO of ersol Solar Energy AG.
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