Phoenix Solar Aktiengesellschaft, DE000A0BVU93

Phoenix Solar Aktiengesellschaft, DE000A0BVU93

18.12.2017 - 23:58:33

Phoenix Solar Inc. to file for Chapter 7 insolvency proceedings

Phoenix Solar Inc. to file for Chapter 7 insolvency proceedings

Sulzemoos, December 18th, 2017 / The Management of Phoenix Solar Inc., the US subsidiary of Phoenix Solar AG will file for insolvency proceedings under Chapter 7 of the US Bankruptcy Code. Subsequent to the insolvency filing of the parent company as announced on December 8th and 13th, all pending orders and contracts were cancelled by the respective customers. As such, management has decided immediate liquidation proceedings were necessary.

Communicating Person: Dr. Joachim FleïngLanguage: EnglishCompany: Phoenix Solar AG Hirschbergstr. 4 85254 SulzemoosTel.: +49 8135 938315Fax: +49 8135 938429Email: disclosure@phoenixsolar.comInternet: www.phoenixsolar-group.comISIN DE000A0BVU93WKN A0BVU9Stock exchanges: XETRA, Frankfurt (Prime Standard), Munich (M:access), Stuttgart, Berlin, Düsseldorf, Hamburg, Hannover, Tradegate Exchange

Contact: Phoenix Solar AG Dr. Joachim Fleing Investor Relations Representative Tel.: +49 (0)8135 938-315 Fax: +49 (0)8135 938-429 j.fleing@phoenixsolar.de www.phoenixsolar-group.com

18-Dec-2017 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.dgap.de

Language: English Company: Phoenix Solar Aktiengesellschaft Hirschbergstraße 4 85254 Sulzemoos near Munich, Germany

Germany Phone: +49 (0)8135-938-000 Fax: +49 (0)8135-938-099 E-mail: kontakt@phoenixsolar.de Internet: www.phoenixsolar-group.com ISIN: DE000A0BVU93 WKN: A0BVU9 Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Hanover, Munich (m:access), Stuttgart, Tradegate Exchange   End of Announcement DGAP News Service

640227  18-Dec-2017 CET/CEST

@ dgap.de

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