DGAP-Adhoc: 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%)


PNE WIND AG  / Key word(s): Corporate Action

01.10.2014 18:01

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.

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Ad hoc information from PNE WIND AG (ISIN: DE000A0JBPG2)

in accordance with § 15 WpHG (German Securities Trading Law)

 
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%) 

Cuxhaven, October 1, 2014 - The wind farm project developer PNE WIND AG
closes the capital measures resolved on September 11, 2014 by means of a
capital increase and the issuance of a convertible bond.  In total,
13,931,195 new shares (corresponding to approx. 61.10% of the total shares
offered) were placed with existing shareholders and new investors at a
price of EUR 2.40 per share. In addition, convertible bonds totaling a
nominal value of       EUR 6,565,132.20 were placed (corresponding to
approx. 25.67% of the total convertible bonds offered).

PNE WIND AG will receive total gross proceeds amounting to approx. EUR
40,000,000 from the above capital measures.  With the proceeds, PNE WIND AG
has secured the capital needed to implement the planned strategic expansion
of its business model. The Company intends to bundle completed wind farms
with approx. 150 MW of nominal capacity in a new subsidiary (called
Yieldco) with the intention to sell this new company in part or completely
to investors by the end of 2016. The planned sale represents an additional
earning potential for the Company.

The capital measures were completed together with Close Brothers Seydler
Bank AG, Frankfurt am Main as Sole Global Coordinator and Sole Bookrunner
and Blättchen Financial Advisory GmbH as Financial advisor.




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


Investor Relations
cometis AG
Ulrich Wiehle / Janis Blaum
Tel:  +49(0) 611 - 205855-64
Fax: +49(0) 611 - 205855-66 
E-mail: blaum@cometis.de


01.10.2014 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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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, , DE000A1EMCW3, , DE000A0Z1MR2, ,
              DE000A1R0741
WKN:          A0JBPG, A0B9VG, , A1EMCW, , A0Z1MR, , A1R074
Listed:       Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr
              in Berlin, Düsseldorf, Hamburg, München, Stuttgart
 
End of Announcement                             DGAP News-Service
 
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