LDK Solar Announces Filing of Shelf Registration Statement and Proposed Follow-on Public Offering of American Depositary Shares

published: 2011-01-27 10:18 | editor: | category: News

LDK Solar Co., Ltd. (NYSE: LDK) ("LDK Solar"), a leading vertically integrated manufacturer of photovoltaic products and a leading manufacturer of solar wafers in terms of capacity, announced today that it filed a shelf registration statement on Form F-3 with the Securities and Exchange Commission, providing for the offering on a delayed or continued basis of equity, debt and other securities.

In addition, LDK Solar filed a preliminary prospectus supplement for a proposed follow-on public offering of American depositary shares ("ADSs"), each representing one ordinary share. LDK Solar expects to offer 12,000,000 ADSs. In connection with the proposed follow-on offering, LDK Solar also expects to grant the underwriters an over-allotment option to purchase up to an additional 15% of the total ADSs offered. The ADSs to be sold in the offering are listed on the New York Stock Exchange.

LDK Solar expects to use the net proceeds from the offering for general corporate purposes.

Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and UBS AG are acting as joint book runners for the offering. LDK Solar's F-3 registration statement and preliminary prospectus supplement are available from the SEC website at: www.sec.gov.

A copy of the prospectus and prospectus supplement relating to the offering may be obtained by contacting: Citi, Brooklyn Army Terminal, 140 58th Street, 8th Floor, Brooklyn, New York 11220, United States of America; phone: +1-800-831-9146; Deutsche Bank Securities Inc., Attention: Prospectus Department, 100 Plaza One, Jersey City, New Jersey 07311, United States of America; phone: +1-800-503-4611; or UBS Securities LLC, 299 Park Avenue, New York, New York, 10171, Attn: Prospectus Department (888-827-7275, ext. 3884). This press release is not an offer to sell or the solicitation of an offer to buy securities. Any offers of the above securities will be made pursuant to an effective registration statement filed with the U.S. Securities and Exchange Commission.

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