CHANGZHOU, China, Dec. 16, 2016 /PRNewswire/ -- Trina Solar
Limited (NYSE: TSL) ("Trina
Solar" or the "Company"), a global leader in
photovoltaic ("PV") modules, solutions, and services, today
announced that the Company's shareholders voted in favor of, among
others, the proposal to authorize and approve (i) the
previously announced agreement and plan of merger (the "Merger
Agreement") dated August 1, 2016 by
and among Fortune Solar Holdings Limited ("Parent"), Red Viburnum
Company Limited ("Merger Sub") and the Company, pursuant to which
Merger Sub will be merged with and into the Company with the
Company continuing as the surviving company as a wholly-owned
subsidiary of Parent after the merger (the "Merger"), (ii) the
plan of merger required to be filed with the Registrar of Companies
of the Cayman Islands,
substantially in the form attached to the Merger Agreement (the
"Plan of Merger"), and (iii) any and all transactions
contemplated by the Merger Agreement, including the Merger.
Approximately 97.7% of the Company's total outstanding ordinary
shares were present in person or by proxy at today's extraordinary
general meeting. Of the ordinary shares voted in person or by proxy
at the extraordinary general meeting, approximately 97.8% were
voted in favor of the proposal to authorize and approve the Merger
Agreement, Plan of Merger and any and all transactions contemplated
by the Merger Agreement, including the Merger. A two
thirds (2/3) majority of
the voting power represented by the ordinary shares of the Company
present and voting in person or by proxy at the extraordinary
general meeting was required for approving the Merger.
The parties to the Merger Agreement are continuing to work
diligently towards satisfaction of all other closing conditions set
forth in the agreement. Upon completion of the Merger, the Company
will become a privately held company and its American depositary
shares (the "ADSs") will no longer be listed or traded on any stock
exchange, including the New York Stock Exchange, and the Company's
ADS program would be terminated.
About Trina Solar Limited
Trina Solar Limited (NYSE: TSL) is a global leader in
photovoltaic modules, solutions and services. Founded in 1997 as a
PV system integrator, Trina Solar
today drives smart energy together with installers, distributors,
utilities and developers worldwide. The Company's industry-leading
position is based on innovation excellence, superior product
quality, vertically integrated capabilities and environmental
stewardship. For more information, please visit
www.trinasolar.com.
Safe Harbor and Informational Statements
This press release contains 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. These forward-looking statements can
be identified by terminology such as "if," "will," "expected," and
similar statements. Forward-looking statements involve inherent
risks, uncertainties and assumptions, which include: uncertainties
as to the possibility that competing offers will be made; the
possibility that financing may not be available; the possibility
that various closing conditions for the transaction may not be
satisfied or waived; and other risks and uncertainties discussed in
documents filed with the SEC by the Company. Further information
regarding these and other risks is included in the Company's
filings with the U.S. Securities and Exchange Commission. These
forward-looking statements reflect the Company's expectations as of
the date of this press release. You should not rely upon these
forward-looking statements as predictions of future events. The
Company does not undertake any obligation to update any
forward-looking statement, except as required under applicable
law.
Trina Solar Contact:
Christensen IR
Linda Bergkamp
Phone: +1 480 614 3004 (US)
E-mail: lbergkamp@ChristensenIR.com
Merry Xu, Interim CFO
Email: merry.xu@trinasolar.com
Yvonne Young
Investor Relations Director
Email: ir@trinasolar.com
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SOURCE Trina Solar Limited