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PNE AG AGM Information 2015
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AGM Information
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Corporate | 23 October 2015 21:35
PNE WIND AG: AGM elects new members to the Supervisory Board
DGAP-News: PNE WIND AG / Key word(s): AGM/EGM
2015-10-23 / 21:35
Corporate News
PNE WIND AG: AGM elects new members to the Supervisory Board and dividend payment
Cuxhaven, 23 October 2015 – The Annual General Meeting of the wind project developer PNE WIND AG elected six new members to the Supervisory Board and voted in favor to distribute a dividend.
As proposed by the administration, Mr. Alexis Fries, Dr. Andreas Beyer, Mr. Christoph Groß, Mr. Per Hornung Pedersen, Mr. Andreas M. Rohardt and Mr. Wilken von Hodenberg were elected to the Supervisory Board. At the convening Supervisory Board meeting, Mr. Fries was elected Chairman of the Supervisory board. The members of the newly elected Supervisory Board have extensive experience in their respective fields and industries – energy consulting, wind power, consulting, investments and capital markets. In this composition, the Supervisory Board will form the foundation for successful business developments both strategic and operational.
The previous Supervisory Board members Mr. Dieter K. Kuprian, Dr. Peter Fischer, Prof. Dr. Reza Abhari, Mr. Volker Friedrichsen, Ms. Astrid Zielke and Mr. Peter Baron von le Fort resigned their mandates at the end of the Annual General Meeting. The Management Board of PNE WIND AG would like to express their gratitude to them for their commitment and the know-how which they contributed.
The shareholders voted in favour of the proposal of the Management Board and Supervisory Board to distribute a dividend of euro 0.04 per ordinary share. The retained earnings, which is relevant for the basis of the dividend, of PNE WIND AG (HGB accounting standards) increased to euro 63.3 million with a net income of euro 4.0 million being reported during the financial year 2014. Of the retained earnings, euro 3.1 million will be distributed and euro 60.2 million will be carried forward to the new account.
Mr. Markus Lesser COO of PNE WIND AG comments, “In light of having successfully sold our subsidiary PNE WIND UK, we have updated the proposal for the use of the retained profit. The total sales price for the UK business (100% of the shares) represented an amount of up to 103 million British pounds. Roughly 40.1 million British pounds of this was paid immediately and the remaining balance will be paid as milestones in the development of the projects are reached. This sale represents not just substantial progress in our international development and an important cornerstone for our future success but it has also strengthened our financial situation and enables us to once again distribute a dividend to our shareholders.
The shareholders also voted with a large majority in favour of the resolutions; to change the Supervisory Board remuneration policy, on the appointment of Deloitte & Touche (Hamburg) as auditor for the annual financial statements and the consolidated financial statements, on the control and profit transfer agreements and on the appointment of a special auditor in connection to the remuneration and expenses of corporate officers of the Company.
The shareholders also agreed to discharge from responsibility the current Management Board members Mr. Markus Lesser and Mr. Jörg Klowat with a clear majority of approx. 85 percent. Former CEO Martin Billhardt was not discharged from responsibility. The shareholders voted to discharge the previous Supervisory Board from responsibility.
About the PNE WIND Group
The PNE Wind Group, with its brands PNE WIND and WKN, is one of the leading German wind farm developers. With its roughly 380 employees, the PNE WIND Group has been offering services covering the entire added value chain ranging from the development, planning, realisation, financing, operation, marketing and repowering of wind farms in Germany and abroad from a single source for more than 25 years. Once the completed plants have been handed over to operators, the PNE WIND Group also offers technical and commercial management services, including regular maintenance, for the wind farms. The offshore wind farms at sea are developed up to the point where they are ready to be constructed. In addition, through its YieldCo strategy, the group of companies offers investors the possibility of investing directly in commissioned and profitable wind farms. Alongside its business activities in the established domestic market in Germany, the PNE WIND Group is present at the international level in order to benefit from the huge growth potential of the global wind energy market and it is expanding into dynamic growth markets.
Contacts for queries
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: [email protected]
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: [email protected]
2015-10-23 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
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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: | [email protected] |
| Internet: | http://www.pnewind.com |
| ISIN: | DE000A0JBPG2, DE000A0B9VG7, , DE000A1R0741, , DE000A12UMG0 |
| WKN: | A0JBPG, A0B9VG, , A1R074, , A12UMG |
| Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart |
| End of News | DGAP News Service |
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| 405205 2015-10-23 |