DGAP-News: PNE WIND AG / Key word(s): AGM/EGM/Dividend
PNE WIND AG: AGM approves dividend increase
04.06.2014 / 18:18
---------------------------------------------------------------------
Cuxhaven, June 4, 2014 - The wind farm project developer PNE WIND AG
decided at today's Annual General Meeting to increase the dividend again.
The shareholders overwhelmingly voted in favor of the proposal of the
Management Board and Supervisory Board to distribute a dividend of euro
0.10 and a special dividend of euro 0.05 per ordinary share. In the
previous year, euro 0.08 plus euro 0.02 per ordinary share was distributed.
"2013 was the most successful year so far in our company's history and was
concluded with record earnings. With the acquisition of WKN AG and the
placement of our corporate bond, we have taken important steps to develop
the PNE WIND Groups on and offshore business activities, commented Martin
Billhardt CEO of PNE WIND AG.
The retained earnings, which is relevant for the basis of the dividend, of
PNE WIND AG (HGB accounting standards) increased to approx. euro 67.6
million with a net income of euro 36.6 million being reported during the
financial year 2013. Of the retained earnings, approx. euro 8.3 million
will be distributed. The remaining amount of approx. euro 59.3 million will
be carried forward to the new account, as proposed by the Management Board
and the Supervisory Board and approved by a large majority.
The terms of office for the Supervisory Board members Rafael Vazquez
Gonzalez, JUDr. Olaf Aden and Dr. Christian Rolfs ended at the end of
today's AGM. The Management Board and Supervisory Board of PNE WIND AG
would like to express their gratitude to them for their commitment and the
know-how which they contributed. Newly elected to the Supervisory Board was
Volker Friedrichsen, who currently holds over the Volker Friedrichsen
Beteiligungs-GmbH approx. 20 percent of the PNE WIND AG shares, and Astrid
Zielke, an attorney of law, and Peter Baron von le Fort, an auditor. The
terms of office of the newly elected Supervisory Board members ends with
the Annual General Meeting taking place in 2016.
The shareholders also agreed to discharge the Management Board with a clear
majority of over 99 percent. The shareholders voted against discharging the
Supervisory Board.
Company profile
With its headquarters in Cuxhaven, the PNE WIND - Group plans and realises
wind farm projects on land (onshore) and on the high seas (offshore). In
doing so, its core competence lies in the development, planning, financing,
operation, sales and service of wind farms. To date, the PNE Wind Group has
already developed wind farms with a total nominal output amounting to
nearly 2,000 MW.
In addition to its business activities in the established German home
market, PNE WIND AG is expanding into dynamic growth markets and is already
represented through joint ventures and subsidiary companies in 14 countries
in Europe, Africa and North America. In these countries wind farm projects
with a nominal output of approximately 4,800 MW are currently being
developed and are planned to be completed in the medium term.
In addition, PNE WIND AG is developing offshore wind farm projects, of
which four major projects in German waters have already been permitted.
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 Fischer
Tel: +49(0) 611 - 205855-64
Fax: +49(0) 611 - 205855-66
E-mail: fischer@cometis.de
End of Corporate News
---------------------------------------------------------------------
04.06.2014 Dissemination of a Corporate News, transmitted by DGAP - a
company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
DGAP's 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, , 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 News DGAP News-Service
---------------------------------------------------------------------
272274 04.06.2014
DGAP-News: PNE WIND AG: AGM approves dividend increase
| Source: EQS Group AG