18.12.2017 23:54:17

DGAP-Ad hoc: Phoenix Solar AG

DGAP-Adhoc: Phoenix Solar Inc. to file for Chapter 7 insolvency proceedings

DGAP-Ad-hoc: Phoenix Solar Aktiengesellschaft / Key word(s): Insolvency
Phoenix Solar Inc. to file for Chapter 7 insolvency proceedings

18-Dec-2017 / 23:54 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


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 Fleïng
Language: English
Company:
Phoenix Solar AG
Hirschbergstr. 4
85254 Sulzemoos
Tel.: +49 8135 938315
Fax: +49 8135 938429
Email: disclosure@phoenixsolar.com
Internet: www.phoenixsolar-group.com
ISIN DE000A0BVU93
WKN A0BVU9
Stock 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

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