DGAP-News: PNE WIND Group: Annual General Meeting results


DGAP-News: PNE WIND AG / Key word(s): AGM/EGM/Dividend
PNE WIND Group: Annual General Meeting results

25.05.2016 / 18:41
The issuer is solely responsible for the content of this announcement.

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Corporate News

PNE WIND Group: Annual General Meeting results

  - Dividend of euro 0.04 per ordinary share to be distributed

  - Three Supervisory Board members elected

Cuxhaven, May 25, 2016 - The Annual General Meeting of the wind project
developer PNE WIND AG elected today three members to the Supervisory Board
and voted in favor to distribute a dividend.

The shareholders voted with a clear majority in favour of the proposal of
the Management Board and Supervisory Board to distribute a dividend of euro
0.04 per ordinary share.  The retained earnings, which is relevant for the
basis of the dividend, of PNE WIND AG (HGB accounting standards) increased
to euro 70.5 million after a net income of euro 10.3 million was reported
for the financial year 2015. From the retained earnings, euro 3.1 million
will be distributed and euro 67.4 million will be carried forward to the
new account.

As proposed by the administration, Dr. Isabella Niklas, Andreas M. Rohardt
and Per Hornung Pedersen were elected to the Supervisory Board. Mr.
Pedersen served as Interim CEO from December 1, 2015 till today's Annual
General Meeting and during this time his Supervisory Board function was
suspended. Markus Lesser,  formerly the board member responsible for
operations (COO) will become the new Chief Executive Officer (CEO) of PNE
WIND AG as of May 26, 2016. This decision was taken at a Supervisory Board
meeting in April of this year.  At the same time, his contract was extended
until December 31, 2019.

Alexis Fries Chairman of the Supervisory Board of PNE WIND AG commented to
the new CEO appointment, "Markus Lesser has more than 25 years of
experience in the international energy sector.  Over the past few years as
COO, he has been driving the operational development of PNE WIND forward
and has proven himself to be a competent manager. Markus Lesser will
continue to pursue the Group's strategic orientation. He has our full
confidence and I look forward to continuing our successful working
relationship which is characterized by mutual appreciation."

The shareholders also voted clearly in favour to give formal approval to
the actions of the Management Board members Per Hornung Pedersen, Markus
Lesser and Jörg Klowat. The shareholders also decided by a clear majority
to give formal approval to the actions of the new Supervisory Board members
(term of office starting October 23, 2015) and on the appointment of
Deloitte & Touche GmbH (Hamburg) as auditor for the annual financial
statements and the consolidated financial statements.

At the convening Supervisory Board meeting today, Per Hornung Pedersen was
delegated to the Management Board again for a transitional period until a
new Chief Operating Officer (COO) is appointed. Mr. Pedersen will accompany
the implementation of the Wind Farm-Portfolio strategy for the internally
held onshore projects. Thereafter, Mr. Pedersen will focus on his
Supervisory Board mandate.

About the PNE WIND Group

The PNE Wind Group, with its brands PNE WIND and WKN, is one of the leading
German wind farm developers. With its 360 employees, the PNE WIND Group has
been offering services covering the entire added value chain ranging from
the development, planning, realisation, financing, operation, marketing and
repowering of wind farms in Germany and abroad from a single source for
more than 25 years. Once the completed plants have been handed over to
operators, the PNE WIND Group also offers technical and commercial
management services, including regular maintenance, for the wind farms. The
offshore wind farms at sea are developed up to the point where they are
ready to be constructed. Alongside its business activities in the
established domestic market in Germany, the PNE WIND Group is present at
the international level in order to benefit from the huge growth potential
of the global wind energy market and it is expanding into dynamic growth
markets.

Contacts for queries

<pre>

PNE WIND AG                                PNE WIND AG
Rainer Heinsohn                            Scott McCollister
Head of Corporate Communications           Head of Investor Relations
Tel.:  +49(0) 47 21 - 7 18 - 453           Tel.:  +49(0) 47 21 - 7 18 - 454
Fax: +49(0) 47 21 - 7 18 - 373             Fax: +49(0) 47 21 - 7 18 - 373
Rainer.Heinsohn(at)pnewind.com             Scott.McCollister(at)pnewind.com


</pre>


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25.05.2016 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.

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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 News    DGAP News Service  
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466729 25.05.2016