TIDMSOLA 
 
ReneSola Announces Pricing of Follow-on Public Offering of 15,500,000 American 
                             Depositary Shares 
 
    JIASHAN, China, Sept. 30 -- ReneSola Ltd ("ReneSola" or the "Company") 
(NYSE: SOL) (AIM: SOLA), a vertically integrated Chinese manufacturer of solar 
products, announced today that its follow-on public offering of 15,500,000 
American depositary shares, or ADSs, each representing two shares of no par 
value in the Company, was priced at $4.75 per ADS. The offering is expected to 
close on October 5, 2009. ReneSola has granted the underwriters a 30-day 
option to purchase up to an additional 2,325,000 ADSs. 
    (Logo: http://www.newscom.com/cgi-bin/prnh/20080506/CNTU030 ) 
    ReneSola intends to use the net proceeds from the offering for general 
corporate purposes, including capital expenditures, working capital, and 
repurchases and redemptions of its U.S. dollar settled 1% convertible bonds 
due 2012, of which $99.0 million in aggregate principal amount was outstanding 
as of June 30, 2009. ReneSola may repurchase its convertible bonds through 
tender offers, open market purchases, negotiated transactions or otherwise. 
The Company's management will retain broad discretion over the use of 
proceeds, and the Company may ultimately use the proceeds for different 
purposes. 
    Credit Suisse Securities (USA) LLC and UBS AG are joint bookrunners for 
the offering, and Lazard Capital Markets LLC is a co-manager for the offering. 
    This offering is being made under ReneSola's "shelf" registration 
statement on Form F-3 filed with the Securities and Exchange Commission on 
June 25, 2009. This press release does not constitute an offer to sell or the 
solicitation of an offer to buy, nor shall there be any sale of these 
securities, in any jurisdiction in which such offer, solicitation or sale 
would be unlawful. The Company's registration statement on Form F-3 and 
preliminary prospectus supplement are available from the SEC website at: 
http://www.sec.gov. 
    Copies of the final prospectus supplement and the accompanying prospectus, 
when available, may be obtained by contacting Credit Suisse Securities (USA) 
LLC, Eleven Madison Avenue, New York, New York 10010-3629, U.S.A., or by 
telephone at 1-800-221-1037, or contacting UBS Investment Bank, Prospectus 
Department, 299 Park Avenue, New York, NY 10171, U.S.A., or by telephone at 1- 
877-827-6444 ext. 561-3884. 
 
    About ReneSola 
    ReneSola Ltd ("ReneSola") is a leading Chinese manufacturer of solar 
products based in China. Capitalizing on proprietary technologies and 
technical know-how, ReneSola's vertically integrated manufacturing 
capabilities include virgin polysilicon, monocrystalline and multicrystalline 
solar wafers, solar cells and solar modules. ReneSola possesses a global 
network of suppliers and customers that include some of the leading global 
manufacturers of solar cells and modules. ReneSola's shares are currently 
traded on the New York Stock Exchange (NYSE: SOL) and the AIM of the London 
Stock Exchange (AIM: SOLA). 
 
    Safe Harbor Statement 
    This press release contains statements, including statements related to 
the offering and the expected use of proceeds, that constitute "forward- 
looking" statements within the meaning of Section 27A of the Securities Act of 
1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as 
amended, and as defined in the U.S. Private Securities Litigation Reform Act 
of 1995. Whenever you read a statement that is not simply a statement of 
historical fact (such as when we describe what we "believe," "expect" or 
"anticipate" will occur, what "will" or "could" happen, and other similar 
statements), you must remember that our expectations may not be correct, even 
though we believe that they are reasonable. We do not guarantee that the 
forward-looking statements will happen as described or that they will happen 
at all. Further information regarding risks and uncertainties that could cause 
actual results to differ materially from those in the forward-looking 
statements is included in our filings with the U.S. Securities and Exchange 
Commission, including our annual report on Form 20-F. We undertake no 
obligation, beyond that required by law, to update any forward-looking 
statement to reflect events or circumstances after the date on which the 
statement is made, even though our situation may change in the future. 
 
    For investor and media inquiries, please contact: 
 
    In China: 
 
    Ms. Julia Xu 
    ReneSola Ltd 
    Tel: +86-573-8477-3372 
    Email: julia.xu@renesola.com 
 
    Mr. Derek Mitchell 
    Ogilvy Financial, Beijing 
    Tel: +86-10-8520-6284 
    Email: 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 
    Hanson Westhouse Limited, London 
    Tel: +44-20-7601-6100 
    Email: tim.feather@hansonwesthouse.com 
           richard.baty@hansonwesthouse.com 
 
SOURCE  Renesola Ltd 
 
    CONTACT: Ms. Julia Xu, ReneSola Ltd, +86-573-8477-3372, 
julia.xu@renesola.com, Mr. Derek Mitchell, Ogilvy Financial, Beijing, +86-10- 
8520-6284, derek.mitchell@ogilvy.com; In the United States: Ms. Jessica Barist 
Cohen, Ogilvy Financial, New York, +1-646-460-9989, 
jessica.cohen@ogilvypr.com; In the United Kingdom: Mr. Tim Feather, 
tim.feather@hansonwesthouse.com or Mr. Richard Baty, 
richard.baty@hansonwesthouse.com, Hanson Westhouse Limited, London, +44-20- 
7601-6100 
    Photo:  NewsCom: http://www.newscom.com/cgi-bin/prnh/20080506/CNTU030 
    Web site: http://www.renesola.com 
    (SOL SOLA.L) 
 
 
 
END
Renesola (LSE:SOLA)
Historical Stock Chart
From Jun 2024 to Jul 2024 Click Here for more Renesola Charts.
Renesola (LSE:SOLA)
Historical Stock Chart
From Jul 2023 to Jul 2024 Click Here for more Renesola Charts.