Q-Cells SE / Key word(s): Acquisition/Insolvency 29.08.2012 15:23 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a company of EquityStory AG. The issuer is solely responsible for the content of this announcement.
---------------------------------------------------------------------------
Bitterfeld-Wolfen (Germany), 29 August 2012: As communicated in the Ad-hoc Disclosure Notice dated 26 August 2012, a purchase and transfer agreement in respect of virtually all of the business operations of Q-Cells SE (ISIN DE0005558662) was entered into on 26 August 2012 with a business belonging to the Korean Hanwha Group. This agreement was subject to the consent of the creditors' meeting of Q-Cells SE. The creditors' meeting of Q-Cells SE consented to the purchase and transfer agreement today. On the basis of the purchase and transfer agreement, which remains subject to conditions precedent, among these merger clearance, it can be expected that insolvency claims ranked pursuant to § 38 of the German Insolvency Act (InsO) may receive an insolvency dividend of at least 20 %. The insolvency administration was provided with additional offers in respect of the acquisition of the business operations of Q-Cells SE. To this extent, however, specific or final offers of the bidder were missing. Note is made - once again - that the shareholders of Q-Cells SE will receive neither dividends nor other notable benefits from the proceeds of the M&A process. CONTACT Q-Cells SE i.I. OT Thalheim, Sonnenallee 17-21 06766 Bitterfeld-Wolfen, Germany FAX +49 (0)3494 6699.10000 WEB www.q-cells.de Q.CELLS Investor Relations Stefan Lissner TEL +49 (0)3494 6699.10101 EMAIL investor@q-cells.com Q.CELLS Corporate Communications Ina von Spies, Alberta Rohardt TEL +49 (0)3494 6699.10121 EMAIL presse@q-cells.com Lawyer Henning Schorisch as insolvency administrator of Q-Cells SE Executive Board: Dr Nedim Cen (CEO, CFO), Dr Andreas v. Zitzewitz (COO, CSO) Chairman of the Supervisory Board: Prof Dr h c Karlheinz Hornung 29.08.2012 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
Language: English Company: Q-Cells SE Sonnenallee 17-21, OT Thalheim 06766 Bitterfeld-Wolfen Germany Phone: +49 (0)3494 - 6699-0 Fax: +49 (0)3494 - 6699-199 E-mail: q-cells@q-cells.com Internet: www.q-cells.com ISIN: DE0005558662, Wandelanleihe 2012: DE000A0LMY64, Wandelanleihe 2014: DE000A1AGZ06, Wandelanleihe 2015: DE000A1E8HF6 WKN: 555866 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of Announcement DGAP News-Service
---------------------------------------------------------------------------
---------------------------------------------------------------------------
Bitterfeld-Wolfen (Germany), 29 August 2012: As communicated in the Ad-hoc Disclosure Notice dated 26 August 2012, a purchase and transfer agreement in respect of virtually all of the business operations of Q-Cells SE (ISIN DE0005558662) was entered into on 26 August 2012 with a business belonging to the Korean Hanwha Group. This agreement was subject to the consent of the creditors' meeting of Q-Cells SE. The creditors' meeting of Q-Cells SE consented to the purchase and transfer agreement today. On the basis of the purchase and transfer agreement, which remains subject to conditions precedent, among these merger clearance, it can be expected that insolvency claims ranked pursuant to § 38 of the German Insolvency Act (InsO) may receive an insolvency dividend of at least 20 %. The insolvency administration was provided with additional offers in respect of the acquisition of the business operations of Q-Cells SE. To this extent, however, specific or final offers of the bidder were missing. Note is made - once again - that the shareholders of Q-Cells SE will receive neither dividends nor other notable benefits from the proceeds of the M&A process. CONTACT Q-Cells SE i.I. OT Thalheim, Sonnenallee 17-21 06766 Bitterfeld-Wolfen, Germany FAX +49 (0)3494 6699.10000 WEB www.q-cells.de Q.CELLS Investor Relations Stefan Lissner TEL +49 (0)3494 6699.10101 EMAIL investor@q-cells.com Q.CELLS Corporate Communications Ina von Spies, Alberta Rohardt TEL +49 (0)3494 6699.10121 EMAIL presse@q-cells.com Lawyer Henning Schorisch as insolvency administrator of Q-Cells SE Executive Board: Dr Nedim Cen (CEO, CFO), Dr Andreas v. Zitzewitz (COO, CSO) Chairman of the Supervisory Board: Prof Dr h c Karlheinz Hornung 29.08.2012 DGAP's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
Language: English Company: Q-Cells SE Sonnenallee 17-21, OT Thalheim 06766 Bitterfeld-Wolfen Germany Phone: +49 (0)3494 - 6699-0 Fax: +49 (0)3494 - 6699-199 E-mail: q-cells@q-cells.com Internet: www.q-cells.com ISIN: DE0005558662, Wandelanleihe 2012: DE000A0LMY64, Wandelanleihe 2014: DE000A1AGZ06, Wandelanleihe 2015: DE000A1E8HF6 WKN: 555866 Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of Announcement DGAP News-Service
---------------------------------------------------------------------------
