DGAP-News: PNE WIND AG convertible bond from 2010

DGAP-News: PNE WIND AG / Key word(s): Bond PNE WIND AG convertible bond from 2010 matures 06.01.2015 / 11:06 --------------------------------------------------------------------- Corporate News PNE WIND AG convertible bond from 2010 matures Cuxhaven, 6 January 2015 - PNE WIND AG has concluded the 6.5% convertible bond issued in 2010 on 31 December 2014. From the total issuance volume of the convertible bond amounting to EUR 26 million, the vast majority was converted into shares at a conversion price of EUR 2.20. At the maturity date of the bond at the end of 2014, only approx. EUR 1.8 million was not converted into shares and needed to be repaid. As a result of the conversion of the convertible bonds, the number of PNE WIND AG shares outstanding has increased to 71,974,939 at the end of 2014. Accordingly, the share capital of the Company has increased to EUR 71,974,939. Martin Billhardt, Chief Executive Officer (CEO) of PNE WIND AG: "The high conversion rate of our convertible bond reflects the confidence our investors have in the future development of PNE WIND AG and our shares. For this trust, we would like to express our gratitude to our shareholders." Company profile With its headquarters in Cuxhaven, PNE WIND AG plans and realises wind farm projects on land (onshore) and on the high seas (offshore). In doing so, its core competence lies in the development, project planning, realisation and financing of wind farms and in their operation and sales respectively with the provision of subsequent service. To date, the company has already successfully developed wind farms with a total nominal output of over 2,100 MW. In addition to its business activities in the established German home market, PNE WIND AG is increasingly expanding into dynamic growth markets and is already represented in joint ventures and by subsidiary companies in 14 countries in Europe, Africa and North America. In these countries, wind farm projects with a nominal output of over 5,000 MW are currently being developed and are to be completed in the medium term. PNE WIND AG is developing offshore wind farm projects, of which four major projects in German waters have already been approved. The offshore department area is developing own projects or projects for customers with a nominal capacity of up to 4,700 MW. Contact: Contact: PNE WIND AG Rainer Heinsohn Head of Corporate Communication Tel: +49(0) 47 21 - 7 18 - 453 Fax: +49(0) 47 21 - 7 18 - 373 E-mail: Rainer.Heinsohn@pnewind.com PNE WIND AG Investor Relations Scott McCollister Tel: +49(0) 47 21 - 7 18 - 454 Fax: +49(0) 47 21 - 7 18 - 373 E-mail: Scott.McCollister@pnewind.com --------------------------------------------------------------------- 06.01.2015 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de --------------------------------------------------------------------- Language: English Company: PNE WIND AG Peter-Henlein-Straße 2-4 27472 Cuxhaven Germany Phone: 04721 / 718 - 06 Fax: 04721 / 718 - 200 E-mail: info@pnewind.com Internet: http://www.pnewind.com ISIN: DE000A0JBPG2, DE000A0B9VG7, , DE000A1R0741, , DE000A12UMG0 WKN: A0JBPG, A0B9VG, , A1R074, , A12UMG Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart End of News DGAP News-Service --------------------------------------------------------------------- 310177 06.01.2015