DGAP-Adhoc: PNE WIND AG: General meeting of shareholders to vote on the dismissal of three Supervisory Board members


PNE WIND AG  / Key word(s): AGM/EGM/Change of Personnel

06.05.2015 11:25

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 disclosure pursuant to Section 15 WpHG
of PNE WIND AG (ISIN: DE000A0JBPG2)

PNE WIND AG: General meeting of shareholders to vote on the dismissal of
three Supervisory Board members

Cuxhaven, May 6, 2015 - At today's meeting, the majority of the Supervisory
Board of PNE WIND AG, has decided to propose to the ordinary annual general
meeting on June 16, 2015 that the current Supervisory Board members Volker
Friedrichsen, Astrid Zielke and Peter Baron von le Fort shall be dismissed.
The reasons for this proposal are the development of cooperation within the
Supervisory Board in the past few months and the requirements for
compliance with the applicable guidelines of the German Corporate
Governance Code. In particular, the Supervisory Board member Volker
Friedrichsen - who is the sole shareholder of Volker Friedrichsen
Beteiligungs-GmbH - is exposed to a permanent conflict of interest due to
claims for damages made in connection with the acquisition of the
shareholding in WKN AG and the competing activities of reconcept GmbH,
Hamburg, according to the opinion of the Supervisory Board (see also ad-hoc
disclosure of December 9, 2014).

In this regard, the proposal of the Supervisory Board also follows the
recommendations of the German Corporate Governance Code stipulating in Sec.
5.5.3 that material conflicts of interest and those that are not merely
temporary in respect of the person of a Supervisory Board member shall
result in the termination of the mandate. The Supervisory Board members
Astrid Zielke and Peter Baron von le Fort were elected to the Supervisory
Board by the votes controlled by Mr. Friedrichsen at the last annual
general meeting.

The Board of Management of PNE WIND AG has also as the Supervisory Board,
decided to propose to the annual general meeting, that the current
Supervisory Board members Volker Friedrichsen, Astrid Zielke and Peter
Baron von le Fort shall be dismissed.




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


06.05.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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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, , 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
 
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