UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
_______________________
FORM 6-K
_______________________
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of March 2016
Commission File Number: 001-33911
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RENESOLA
LTD
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No. 8 Baoqun Road, YaoZhuang
Jiashan, Zhejiang 314117
People’s Republic of China
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form 20-F þ Form 40-F o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): o
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): o
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| RENESOLA LTD | |||
| By: | /s/ Xianshou Li | ||
| Name: Xianshou Li | |||
| Title: Chief Executive Officer | |||
Date: March 16, 2016
Exhibit Index
| Exhibit No. | Description | |
| Exhibit 99.1 | Press Release |
Exhibit 99.1
ReneSola Announces Convertible Note and Share Repurchases
Shanghai, China, March 16, 2016 – ReneSola Ltd (“ReneSola” or the “Company”) (www.renesola.com) (NYSE: SOL), a leading brand and technology provider of energy-efficient products, today announced that the Company has repurchased all of its remaining $5.6 million convertible notes due March 15, 2018 upon exercise by note holders of the put option which expired on March 14, 2016.
The Company announced on September 23, 2015 that its Board of Directors authorized a share repurchase program, under which the Company may repurchase up to $20 million of its outstanding American depositary shares (“ADSs”) within the next 12 months. Since the announcement of such ADSs repurchase program, the Company has repurchased 877,348 ADSs.
“Despite fluctuations in the solar business cycle and macroeconomic conditions in the last few years, we executed our financial strategy, effectively managed our balance sheet and repurchased all of our $200 million convertible notes with cash generated from operating activities,” said Mr. Xianshou Li, ReneSola’s Chief Executive Officer.
Mr. Li continued, “Our Board of Directors and senior management strongly believe in the Company’s growth prospects. Going forward, our team will continue to execute our downstream strategy and actively and effectively manage our balance sheet. The recent convertible note and ADS repurchases demonstrate our confidence in the strength of our business and our commitment to delivering shareholder value.”
The Company may continue to repurchase its ADSs from time to time, subject to market conditions and other strategic considerations. Such repurchases will be made in accordance with the applicable laws and subject to any required regulatory approvals.
About ReneSola
Founded in 2005, and listed on the New York Stock Exchange in 2008, ReneSola (NYSE: SOL) is an international leading brand and technology provider of energy efficient products. Leveraging its global presence and expansive distribution and sales network, ReneSola is well positioned to provide its highest quality green energy products and on-time services for EPC, installers, and green energy projects around the world. For more information, please visit www.renesola.com.
For investor and media inquiries, please contact:
In China:
ReneSola Ltd
Ms. Rebecca Shen
Tel: +86 (21) 6280-9180 x106
Email: ir@renesola.com
The Blueshirt Group Asia
Mr. Gary Dvorchak, CFA
China: +86 (138) 1079-1480
Email: gary@blueshirtgroup.com
In the United States:
The Blueshirt Group
Mr. Ralph Fong
Tel: +1 (415) 489-2195
Email: ralph@blueshirtgroup.com