Ad hoc disclosures
Following the acquisition of Siemens' 29.33 percent stake, PNE WIND AG now holds approximately 83 percent of WKN AG
Cuxhaven, 9. July 2013 - PNE WIND AG, Cuxhaven, has increased its stake in the specialist wind farm developer WKN AG, Husum to 82.75 percent. Within the framework of a joint sales right, 29.33 percent of the WKN shares were purchased from Siemens Project Ventures GmbH. The purchase price, which is based upon a company valuation of approx. EUR 93 million for 100% of the WKN shares, will be paid with cash.
PNE WIND AG has concluded the takeover of the majority shareholding in WKN AG and now holds approx. 53 percent
Cuxhaven, 4th July 2013 - PNE WIND AG, Cuxhaven, has concluded the takeover of the majority shareholding in the specialist wind farm developer WKN AG, Husum, and now holds approx. 53.42 percent of WKN AG. These shares were taken over from Volker Friedrichsen Beteiligungs-GmbH. Further approx. 29.33 percent were acquired from Siemens Project Ventures GmbH within the framework of a joint sales right. The closing for these shares will become effective in the coming days. The purchase price, which is based upon a company valuation of approx. EUR 93 million for 100% of the WKN shares, will be paid with cash and approx. 3.1 million PNE WIND AG shares valued at approx. EUR 8.2 million.
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
- PNE WIND AG plans to issue bonds and is negotiating a possible acquisition
- 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
Convertible bond from 2010 maturesTuesday, 06. January 2015
WKN AG repowers the Weidehof wind farmTuesday, 06. January 2015
Kemberg III wind farm commissioned / The total nominal output of projects completed in 2014 reaches approx. 116 MWMonday, 22. December 2014
- Annual Report 2013
- Financial report Q3 2014
- Image brochure
- Current company presentation
- PNE Power 01 2014 (German)
- Interview with CEO Martin Billhardt at godmode-trader, 2014-11-25
- 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