DGAP-Adhoc: Electrawinds SE: Announcement

DGAP-Adhoc: Electrawinds SE: Announcement

Electrawinds SE  / Key word(s): Statement/Liquidity Problem

26.11.2013 08:03

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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Luxembourg | 26 November 2013: Electrawinds SE announces that the Board of
Directors decided yesterday to invite the key shareholders, the major
subordinated debt holders and the Group's key lending banks for a meeting
on Wednesday 27 November, in order to discuss alternatives for future
funding of the Company and negotiate a commitment to provide sufficient
funds for the Group to secure its going concern. If neither an adequate
agreement can be reached among the existing stakeholders nor with the
investor consortium consisting of DG Infra+, Fortino, Gimv-XL and PMV, the
Board assessed that the Group has to file for insolvency by Monday 2
December 2013.


*   *   *

Electrawinds SE | 40, Avenue Monterey | L-2163 Luxemburg
Bert Heyman | investor.relations@electrawinds.eu

ISIN LU0538936351 (Publikums-Aktien) Regulierter Markt, Prime Standard,
Frankfurt/Main
ISIN LU0538952044 (Publikums-Optionsscheine) Regulierter Markt, General
Standard, Frankfurt/Main











Cautionary statement regarding forward-looking statements
This press release contains certain forward-looking statements. Any
forward-looking statement applies only on the date of this press release.
Such statements are based on current expectations and convictions and, by
their nature, are subject to a number of known and unknown risks and
uncertainties as a result of which the actual results and performance may
differ substantially from expected future results or performance expressed
or implied in the forward looking statements. The information and views
contained in this press release may change without prior notice, and
Electrawinds SE has neither the intention nor the obligation to update
forward-looking statements in this communication, except insofar as it is
obliged to do so by any applicable legislation or by the rules of any stock
exchange on which its shares may be traded.


26.11.2013 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:      Electrawinds SE
              40, Avenue Monterey
              2163 Luxemburg
              Grand Duchy of Luxembourg
Phone:        +352 27 449878
Fax:          +352 27 449879
E-mail:       investor.relations@electrawinds.eu
Internet:     ewi.electrawinds.eu
ISIN:         LU0538936351, LU0538952044
WKN:          A1C4HF, A1E016
Listed:       Regulierter Markt in Frankfurt (Prime Standard)
 
End of Announcement                             DGAP News-Service
 
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