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, 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.   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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