SPI Energy Co., Ltd. Announces Receipt of Termination Notice with Respect to its ADS Facility
March 20 2017 - 8:30AM
SPI Energy Co., Ltd. (“SPI Energy” or the “Company”) (NASDAQ:SPI),
a global clean energy market place for business, residential,
government and utility customers and investors, today announced
that The Bank of New York Mellon, the depositary for the Company’s
American depositary shares (“ADS”) facility, issued a notice on
March 17, 2017 to holders of the Company’s ADSs stating that it
would terminate the Company's ADS facility on June 19, 2017. A copy
of the termination notice is attached to this press release as
Exhibit A.
The Company is in the process of selecting a successor
depositary to administer the Company's ADS facility and will
provide an update to investors on or before June 19, 2017.
About SPI Energy Co., Ltd.
SPI Energy Co., Ltd. is a global provider of photovoltaic (PV)
solutions for business, residential, government and utility
customers and investors. SPI Energy focuses on the downstream PV
market including the development, financing, installation,
operation and sale of utility-scale and residential solar power
projects in China, Japan, Europe and North America. The Company
operates an innovative online energy e-commerce and investment
platform, www.solarbao.com, which enables individual and
institutional investors to purchase innovative PV-based investment
and other products; as well as www.solartao.com, a B2B e-commerce
platform offering a range of PV products for both upstream and
downstream suppliers and customers. The Company has its operating
headquarters in Hong Kong and maintains global operations in Asia,
Europe, North America and Australia.
For additional information, please visit: www.spisolar.com,
www.solarbao.com or www.solartao.com.
Exhibit
A http://www.globenewswire.com/NewsRoom/AttachmentNg/27768d24-3619-488a-aa96-934ed237a71a
For investors and media inquiries please contact:
Investor Relations Department
SPI Energy Co., Ltd.
pearl.peng@spisolar.com
+852 22916057
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