Supervisory Board of SOLON AG re-elected at Annual General Meeting; Resolution passed for transformation to European company
Berlin, June 24, 2008 - 49.66 percent of the company's subscribed capital was represented at the Annual General Meeting of SOLON AG für Solartechnik (ISIN DE 0007471195), which took place today in Berlin. Around 300 shareholders and shareholder representatives took part in the meeting. All 13 agenda items for resolution were approved with a clear majority, including the creation of new Authorized Capital and new Conditional Capital, the extension of the 2000 Stock Option Program and a control and profit transfer agreement between SOLON AG and SOLON Mobility GmbH. SOLON Mobility, a wholly-owned subsidiary of SOLON AG, was established in January 2008 with the aim of developing new business models in the field of solar mobility.
The Annual General Meeting also voted by a large majority in favor of the resolution to transform SOLON AG into a European company (Societas Europaea/SE). This is intended to reflect the increasingly international nature of SOLON's business and to facilitate its transnational operations.
The election of the Supervisory Board was also on the agenda. The Supervisory Board members Tobias Wahl (chairman), Olaf Roessink (deputy chairman) and Alexander Voigt, who have been in office since 2006, were approved and elected for a further five years by a large majority. Immo Ströher was elected as a substitute member.
Finally, the chairman of the Supervisory Board announced the forthcoming expansion of SOLON's Management Board. In view of the company's continuing growth plans and the ever greater demands in the area of communications with the capital markets, a decision has been taken in consultation with the existing members of the Management Board to strengthen the Group's Management Board through the addition of a Chief Financial Officer with effect from July 1, 2008. Ms. Simone Prüfer has agreed to take on this role. Ms. Prüfer has worked for SOLON since January 2006 and was previously responsible for the Group's treasury function.
SOLON AG
Therese Raatz
Investor Relations
Telefon: 030 / 818 79 - 153
Telefax: 030 / 818 79 - 110
E-Mail: investor@solonag.com
