solarhybrid AG
Solarhybrid AG: Sale of project rights in Israel
Solarhybrid AG / Key word(s): Miscellaneous 23.04.2012 13:06 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. --------------------------------------------------------------------------- solarhybrid AG Albert Klein Vorstand Tel.: +49 2961 / 9 66 46 - 0 akk@solarhybrid.ag Ad-hoc-Release according to § 15 Abs. 1 WpHG - Sale of project rights in Israel - solarhybrid AG, Brilon, announces that its subsidiary solarhybrid Israel Ltd. has sold project rights acquired in January 2012 to Summit Energy LP, Israel. The agreed consideration consisted of the assumption of current liabilities of solarhybrid Israel amounting to approx. NIS 1.5 million and of Earn-Out-Payments in connection with the acquisition of the project rights amounting to NIS 21 million. Furthermore, Summit will make Earn-Out-Payments to solarhybrid Israel of up to NIS 4.5 million upon the completion of projects. The project rights related to PV projects with a capacity of approx. 201 MWp and were acquired in January 2012 for a consideration of NIS 9 million and the above mentioned Earn-Out-Payments. 23th of April 2012 The Management Board Verwaltung, Einkauf und Projektentwicklung (Sitz der Gesellschaft): solarhybrid AG Keffelker Straße 14 D-59929 Brilon 23.04.2012 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: Solarhybrid AG Keffelker Straße 14 59929 Brilon Germany Phone: +49 (0)2961 966 460 Fax: +49 (0)2961 966 46 66 E-mail: ir@solarhybrid.de Internet: www.solarhybrid.ag ISIN: DE000A0LR456 WKN: A0LR45 Listed: Regulierter Markt in Frankfurt (General Standard); Freiverkehr in Berlin End of Announcement DGAP News-Service ---------------------------------------------------------------------------
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