DGAP-Adhoc: PNE WIND AG: PNE WIND AG: Debt reduced by approx. EUR 16.9 million

DGAP-Adhoc: PNE WIND AG: PNE WIND AG: Debt reduced by approx. EUR 16.9 million 

PNE WIND AG  / Key word(s): Bond

07.08.2013 12:35

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted
by DGAP - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Cuxhaven,  7.  August 2013 - The Volker Friedrichsen Beteiligungs-GmbH
informed PNE WIND AG today that it has converted 168.680 convertible bonds
issued by PNE WIND AG in 2010 into approx. 7.7 million new shares. As a
result, PNE WIND AG has reduced its debt by approx.                     EUR
16.9 million as well as lowering future interest payments which would have
been due on the bonds till the end of 2014 by approx. EUR 1.5 million.

The Volker Friedrichsen Beteiligungs-GmbH now holds approx. 20% of the
approx. 54.2 million PNE WIND AG shares outstanding. Prior to converting
the bond, the Volker Friedrichsen Beteiligungs-GmbH held approx. 6.6
percent of PNE WIND AG's outstanding shares.

PNE WIND AG acquired a 53.42 percent stake in the Husum wind farm developer
WKN AG from the Volker Friedrichsen Beteiligungs-GmbH in July.  As part of
this transaction, the purchase of the bonds and their subsequent intention
to convert the bonds into shares had already been announced.


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


07.08.2013 DGAP's 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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