Cancellation of AIM quote
23 11월 2010 - 6:07PM
UK Regulatory
TIDMSOLA
RENESOLA LTD
CONVERSION OF ORDINARY SHARES TO AMERICAN DEPOSITARY SHARES AND CANCELLATION OF
ADMISSION TO AIM
JIASHAN, China, November 23, 2010 - ReneSola Ltd ("ReneSola" or the "Company")
(NYSE: SOL) (AIM: SOLA), a leading global manufacturer of solar wafers and
provider of solar module original equipment manufacturer ("OEM") services,
reminds shareholders that the cancellation of ReneSola's AIM quotation will
take place on November 30, 2010.
Following the cancellation of the Company's AIM admission, ReneSola
shareholders are reminded that the Company's shares will no longer be tradable
through AIM and in order for their shares to be traded through the New York
Stock Exchange ("NYSE"), they must first be converted to American Depositary
Shares ("ADSs").
Shareholders who choose not to convert their Shares into ADSs will continue to
be shareholders of the Company, holding shares without a liquid market.
Shareholders who by the close of business in the United Kingdom on November 30,
2010 have not made arrangements for their shares to be converted into ADSs will
automatically be sent a share certificate. The Company will continue to
maintain its ordinary share register and non market transfers can still be
processed, however, shareholders wishing to trade their shares through the NYSE
will first be required to convert their interests into ADSs.
Should shareholders choose to convert their shares into ADSs at a later time,
they must follow the conversion procedure and pay a conversion fee to the US
Depositary.
Shareholders choosing to convert their shares into ADSs within the six month
period following the cancellation will be required to complete a Deposit
Certification, a copy of which is available from the Investor Relations section
of the Company's website and will be available from the website of the US
Depositary, BNY Mellon from 1 December 2010. Thereafter, the US Depositary may
require Shareholders to obtain a US legal opinion in place of a Deposit
Certification to support the eligibility of their conversion.
Further information and instructions for the conversion process are included in
ReneSola's "Delisting & AGM Circular" which can be found on the AGM Summary
page in the Investor Relations section of the Company's website at
http://www.renesola.com or on the ReneSola page of BNY Mellon's website at
http://www.adrbnymellon.com/dr_profile.jsp?cusip=75971T103
For investor and media inquiries, please contact:
In China:
Ms. Feng Qi
ReneSola Ltd
Tel: +86-573-8477-3903
Email: feng.qi@renesola.com
Mr. Derek Mitchell
Ogilvy Financial, Beijing
Tel: +86 (10) 8520-6284
E-mail: derek.mitchell@ogilvy.com
In the United States:
Ms. Jessica Barist Cohen
Ogilvy Financial, New York
Tel: +1-646-460-9989
Email: jessica.cohen@ogilvypr.com
In the United Kingdom:
Mr. Tim Feather / Mr. Richard Baty
Westhouse Securities Limited, London
Tel: +44 (0) 20-7601-6100
E-mail: tim.feather@westhousesecurities.com
richard.baty@westhousesecurities.com
END
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