Ad hoc disclosures
PNE WIND closes placement of the corporate bond with institutional investors
Cuxhaven, 8 May 2013 – PNE WIND AG today closed the private placement of the 8,0% corporate bond (WKN: A1R074 / ISIN: DE000A1R0741) with institutional investors. Up to midday today in total Notes with an aggregate principal amount of around € 60 million were subscribed by institutional investors and private investors.
PNE WIND AG publishes securities prospectus for a corporate bond in the volume of € 100 million
Cuxhaven, 23 April 2013 - Today PNE WIND AG has published the securities prospectus for the issuance of a corporate bond in the volume of up to € 100 million. This prospectus of PNE WIND AG was approved yesterday by the German Federal Agency for Financial Services Supervision (Bundesanstalt für Finanzdienstleistungsaufsicht - BaFin). The issuance of the corporate bonds is accompanied by M.M.Warburg & CO Kommanditgesellschaft auf Aktien, Hamburg, and Close Brothers Seydler Bank AG, Frankfurt am Main. After the placement of the corporate bond it is planned to apply for admission to the Regulated Market and to trade the bonds on the Prime Standard segment for corporate bonds of the Frankfurt Stock Exchange. The contemplated issuance of the corporate bond was already announced by the company in its ad hoc disclosure dated 12 March 2013.
PNE WIND AG purchases approx 54 percent of WKN AG
Cuxhaven, 19th April 2013 - PNE WIND AG, Cuxhaven, purchases approx. 54 percent of the shares in the wind farm development specialist, WKN AG, Husum from the former majority shareholder, Volker Friedrichsen Beteiligungs-GmbH. The share purchase contract was signed today. The purchase price is based on a company valuation amounting to approx. EUR 93 million and will be paid by PNE WIND AG with cash funds and own shares. PNE WIND AG shares in the amount of 3,074,209, which were recently bought back at an average share price of Euro 2.66 will be used for this purpose. The Volker Friedrichsen Beteiligungs GmbH has informed PNE WIND AG that it, upon completion of the transaction, will purchase 168,680 convertible bonds issued in 2010 by PNE WIND AG from Luxempart SA, the current owner of the convertible bonds. The Volker Friedrichsen Beteiligungs-GmbH has also announced that they will exercise the conversion right of these convertible bonds into 7,667,272 shares upon completion of the transaction and will then hold approximately 20 percent of the expected number of outstanding PNE WIND AG shares.
PNE WIND AG completes share buyback programme
Cuxhaven, March 22nd, 2013 - PNE WIND AG has completed the share buyback programme resolved in December 2012. A total of 4,126,700 PNE WIND AG shares were bought back at an average share price of EUR 2.60 within the framework of the share buyback programme until today. This is equivalent to a share of about 9 percent of the company's current share capital. The company's Board of Directors has thus fully exploited the shareholders meeting's resolution dated 14th May 2009 authorising it to buy back up to 4,126,700 of the company's own shares.
PNE WIND AG plans to issue bonds and is negotiating a possible acquisition
Cuxhaven, 12th March 2013 - PNE WIND AG intends to issue corporate bonds in the first half of 2013 amounting to EUR 100 million on the Prime Standard segment of the Deutsche Börse (German Stock Exchange). PNE WIND AG intends to use the proceeds to fund both organic and inorganic future growth.
To this extent, the planned issuance of the corporate bond is in connection with exclusive talks, which PNE WIND AG is currently conducting, for the possible acquisition of over 50 % of the shares in a company. The target company is primarily active in the development of onshore wind farms in Germany and abroad. The initial price indication for 100 % of the shares amounts to EUR 100 million. PNE WIND AG is currently conducting Due Diligence.
- PNE WIND AG: Extremely positive result in 2012 is the basis for increased dividend proposal
- PNE WIND AG approves share buyback programme
- three offshore wind projects sold to DONG Energy for euro 157 million
- Martin Billhardt, Chairman of the Board of Directors, employment contract has been extended until 2018
- PNE WIND AG continues to hold 100 percent of the shares in the offshore wind farm project, "Gode Wind II"
PNE WIND AG presents its report for the first nine months of 2014Wednesday, 12. November 2014
Webcast for Q3 report 2014Friday, 07. November 2014
PNE WIND AG secures approx. EUR 40.0 million in funds to finance a Yieldco with placement of capital increase (83.59%) and convertible bond (16.41%)Thursday, 02. October 2014
- Annual Report 2013
- Financial report Q3 2014
- Image brochure
- Current company presentation
- PNE Power 01 2014 (German)
- Interview with CEO Martin Billhardt at Aktien Global on YieldCo plans and business development (German), 2014-11-05
- Interview with CEO Martin Billhardt at Börsen Radio Network AG on the capital measures and the YieldCo concept (German), 2014-09-19
- Interview with CEO Martin Billhardt at 4investors.de about the YieldCo concept (German), 2014-09-17