Ad hoc disclosures
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
Cuxhaven, 12th March 2013 – The wind farm project developer, PNE WIND AG (ISIN: DE000A0JBPG2), has closed the financial year 2012 with an extremely positive result. The corporation’s operating result (EBIT) – the definitive key value for project business – amounts to EUR 20.4 million (previous year: EUR 0.1 million) based on the IFRS accounting rules. The result of normal business activity (EBT) amounts to about EUR 15.1 million (previous year: EUR -4.9 million). The undiluted corporate earnings per share was EUR 0.37 (previous year: EUR -0.09) and the diluted corporate earnings per share was EUR 0.31 (previous year: EUR -0.04).
- 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 is not expecting payments from the sale of the offshore wind farm project, "Gode Wind II", until 23rd March 2012
PNE WIND AG presents onshore and offshore international wind farm development at the WindEnergy 2014 in HamburgWednesday, 17. September 2014
PNE WIND AG resolves to issue new shares and convertible bonds with subscription rights to initiate a YieldcoThursday, 11. September 2014
PNE WIND AG: Capital measures to initiate a YieldcoThursday, 11. September 2014
- Annual Report 2013
- Financial report Q2 2014
- Image brochure
- Current company presentation
- PNE Power 01 2014 (German)
- Interview with CEO Martin Billhardt at 4investors.de about the Yieldco concept (German), 2014-09-17
- Interview with CEO Martin Billhardt on Börsen Radio Network AG, 2014-01-09: PART 1, PART 2 (German)