DGAP-Adhoc: PNE WIND AG: Convening and supplementary

PNE WIND AG / Key word(s): AGM/EGM 22.06.2015 07:51 Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. --------------------------------------------------------------------------- Cuxhaven, 22 June 2015 - The Deutsche Balaton Aktiengesellschaft and Mr Zours informed PNE WIND on Friday evening after market close of a request - which the Company has reviewed and considers to be admissible - to convene a General Meeting of Shareholders with supplementary motions. They have requested the Company to immediately convene a new General Meeting over a two day period. In addition to the agenda items which were already included for the Annual General Meeting on June 16, the convening and supplementary motions includes, inter alia, the proposal to remove the entire existing Supervisory Board, to reduce the Supervisory Board to three members, to not grant a discharge from responsibility to certain members of the Management Board as well as the Supervisory Board members Mr. Kuprian, Dr. Fischer, Mr. Abhari, Mr. Vazquez, Dr. Aden and Mr. Rolfs and to reduce the Supervisory Board remuneration to EUR 25,000 per member for the fiscal year 2014. In addition, § 11 of the Articles of Association (Remuneration of the Supervisory Board) should be amended and include only a fixed remuneration of EUR 30,000 per year (two times for the Chairman and one and a half times for the Deputy Chairman). The applicants also propose that PKF Deutschland GmbH Wirtschaftsprüfungsgesellschaft, (Hamburg) be appointed as independent auditor for the fiscal year 2015 and for an audit review. Finally, the applicants requests that two Special Audits be placed on the agenda. One Special Audit shall refer to the Annual General Meeting on 16 June and the failure to announce the voting results. The other Special Audit shall refer to an investigation into the remuneration and payments to board members during the financial years 2008 to June 30, 2015. The special auditor in both cases shall be the Attorney Tino Sekera-Terplan (Munich). If Mr. Kuprian or Dr. Fischer is selected to be the Chairman of the General Meeting, a point of order shall be required to remove the Chairman of the meeting and select a new Chairman. The Company is currently determining a time and place where the next General Meeting will be held taking into account the proposals of the applicants. 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 22.06.2015 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: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart End of Announcement DGAP News-Service ---------------------------------------------------------------------------