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PNE AG — Capital/Financing Update 2013
May 3, 2013
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Capital/Financing Update
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Media | 3 May 2013 11:37
PNE WIND AG: Subscription period for corporate bond of PNE WIND AG starts
(DGAP-Media / 03.05.2013 / 11:37)
Cuxhaven, May 3, 2013 - The subscription period of PNE WIND AG's corporate
bond will start soon. In the course of a public offering in Germany,
Austria and Luxemburg interested investors can send the subscription order
as of May 6, 2013 to their brokers or banks by stating the ISIN
DE000A1R0741, the Frankfurt Stock Exchange as well as the desired
subscription volume. Moreover, PNE WIND AG offers an attractive
subscription option for retail investors: via its website www.pnewind.com
retail investors will be able to subscribe for the bond as of May 4, 2013.
For the first 100 subscribers via the corporate website the issuer each
guarantees an allotment of up to EUR 10,000. Allotments surpassing this
amount may also be possible. The subscription period ends on May 10, 2013,
subject to a premature termination.
With the issuance of the corporate bond, divided into bearer bonds with a
nominal value of EUR 1,000, the company plans to raise up to EUR 100
million. The bond has a 8% coupon and a term of five years with the
maturity date on June 1, 2018. Interest will be paid half yearly on June 1
as well as December 1, with the initial interest payment on December 1,
2013. The rating agency Euler Hermes has rated PNE WIND AG with BBB- and
thus issued an investment grade rating. On May 14, 2013, the corporate bond
is expected for admission to the Regulated Market and on May 15, 2013 to
trade on the Prime Standard segment for corporate bonds of the Frankfurt
Stock Exchange. Institutional investors may subscribe for the bond via the
consortium banks (Close Brothers Seydler Bank AG, Frankfurt / Main and
M.M.Warburg & CO Kommanditgesellschaft auf Aktien, Hamburg).
PNE WIND AG plans to use the net proceeds resulting from the corporate bond
to fund further growth. This includes in particular the financing of the
purchase price for the acquisition of a majority stake in the WKN AG,
Husum; details relating to this transaction have already been disclosed by
the company in its ad hoc disclosure dated April 19, 2013. Further
possibilities for the use of proceeds include the development of the
onshore and offshore pipeline by the purchase of projects in Germany and
abroad as well as the interim equity financing of German wind farm
projects.
The prospectus approved by the German Bundesanstalt für
Finanzdienstleistungsaufsicht (BaFin) as well as further information is
available for interested investors on the company's website
www.pnewind.com.
For more information about the bond please call: 0800 / 5894780 (available
from May 4, 2013, 9 a.m.).
Company profile
With its headquarters in Cuxhaven, PNE WIND AG plans and realises wind farm
projects on land (onshore) and on the high seas (offshore). In doing so,
its core competence lies in the development, project planning, and
financing of wind farms and in their operation and sales respectively with
the provision of subsequent service. To date, the company has constructed
99 wind farms with 571 wind energy plants and a total nominal output of 820
MW. In Germany (onshore), wind farm projects with over 1,000 MW of nominal
output are currently being developed.
In addition to its business activities in the established German home
market, PNE WIND AG is increasingly expanding into dynamic growth markets
and is already represented in joint ventures and by subsidiary companies in
Southeast Europe, Great Britain, USA and Canada. In these countries wind
farm projects with a nominal output of more than 2,000 MW are currently
being developed and are to be completed in the medium term.
In addition, PNE WIND AG is developing offshore wind farm projects, of
which four major projects in German waters have already been approved. An
entry into promising foreign markets is also being examined with regard to
the offshore sector.
Contact:
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]
Investor Relations
cometis AG
Ulrich Wiehle / Janis Fischer
Tel: +49(0) 611 - 205855-64
Fax: +49(0) 611 - 205855-66
E-mail: [email protected]
End of Media Release
Issuer: PNE WIND AG
Key word(s): Finance
03.05.2013 Dissemination of a Press Release, transmitted by DGAP - a
company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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: 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, , DE000A1EMCW3, , DE000A0Z1MR2
WKN: A0JBPG, A0B9VG, , A1EMCW, , A0Z1MR
Listed: Regulierter Markt in Frankfurt (Prime Standard);
Freiverkehr in Berlin, Düsseldorf, Hamburg, München,
Stuttgart
End of News DGAP-Media
209601 03.05.2013