PNE AG — Board/Management Information 2015

Aug 14, 2015

News Details

Ad-hoc | 14 August 2015 15:11

PNE WIND AG: Retirement of the CEO and replacement of the Supervisory Board

PNE WIND AG / Key word(s): Change of Personnel

14.08.2015 15:11

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

---

Cuxhaven, 14 August 2015 - CEO Martin Billhardt consensually leaves the
Board of Management of PNE Wind AG as of 30 September 2015.
Correspondingly, it is intended to fully replace the Supervisory Board.

Following the failed Annual General Meeting in June 2015, the Management
Board and the Supervisory Board of PNE Wind AG have been working
intensively to find a solution to the current conflicts of interest between
individual shareholder groups and to prepare the necessary further General
Meeting. In this context, the CEO and the Supervisory Board have agreed
that a fresh start at the Supervisory Board and the position of the CEO
would be the best solution to resolve the current conflict. All members of
the Supervisory Board have in the Supervisory Board meeting on 14 August
2015 declared their willingness to resign from the Supervisory Board as of
the end of the next General Meeting. The CEO has agreed with the
Supervisory Board on a consensual retirement as of 30 September 2015. The
Supervisory Board express their gratitude to Martin Billhardt for his many
years of successful service to the company.

All resolutions have been adopted unanimously.
The Annual General Meeting, in which the new Supervisory Board members are
to be elected, is expected to take place on 23 October 2015.

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

cometis AG
Michael Diegelmann
Geschäftsführer
Tel: +49 611 2058 5518
E-mail: diegelmann@cometis.de

14.08.2015 The DGAP 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: 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, , 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 Announcement DGAP News-Service

---