DGAP-Adhoc: Electrawinds SE: Announcement

DGAP-Adhoc: Electrawinds SE: Announcement

Electrawinds SE  / Key word(s): Legal Matter/Restructure of Company

28.03.2014 14:02

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.


Luxembourg | 28 March 2014: Electrawinds announces that the protection
against creditors, granted by the Commercial Court in Ostend on 26 December
2013, was set to expire on 27 March 2014. On Tuesday 25 March 2014, the
Commercial Court ruled to extend the protection till 30 April 2014.
Yesterday, the Board of Directors of Electrawinds NV and Electrawinds SE
have filed a judicial reorganization plan which entails a substantial
carve-out of assets and liabilities which will be transferred to a newly
incorporated entity sponsored by the Tecteo-group. In case this plan is
approved by creditors after a vote on 17 April 2014, Electrawinds NV and
Electrawinds SE will almost be debt-free and the scope of activities will
be reduced to the liquid bio activities (without the Serbian rendering
project which has recently been divested), some operational wind projects
totaling 27MW and the solar projects.

*   *   *

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

ISIN LU0538936351 (Publikums-Aktien) Regulierter Markt, Prime Standard,
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.

28.03.2014 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:      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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