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. --------------------------------------------------------------------------- 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 --------------------------------------------------------------------------- Language: English Company: PNE WIND AG Peter-Henlein-StraÃe 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 ---------------------------------------------------------------------------
DGAP-Adhoc: PNE WIND AG: General meeting of shareholders to vote on the dismissal of three Supervisory Board members
| Source: EQS Group AG