DGAP-Adhoc

PNE WIND AG: Convening and supplementary motions for a new General Meeting of Shareholders

PNE WIND AG / Key word(s): AGM/EGM

22.06.2015 07:51

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.

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Cuxhaven, 22 June 2015 - The Deutsche Balaton Aktiengesellschaft and Mr
Zours informed PNE WIND on Friday evening after market close of a request -
which the Company has reviewed and considers to be admissible - to convene
a General Meeting of Shareholders with supplementary motions. They have
requested the Company to immediately convene a new General Meeting over a
two day period. In addition to the agenda items which were already
included for the Annual General Meeting on June 16, the convening and
supplementary motions includes, inter alia, the proposal to remove the
entire existing Supervisory Board, to reduce the Supervisory Board to three
members, to not grant a discharge from responsibility to certain members of
the Management Board as well as the Supervisory Board members Mr. Kuprian,
Dr. Fischer, Mr. Abhari, Mr. Vazquez, Dr. Aden and Mr. Rolfs and to reduce
the Supervisory Board remuneration to EUR 25,000 per member for the fiscal
year 2014. In addition, § 11 of the Articles of Association (Remuneration
of the Supervisory Board) should be amended and include only a fixed
remuneration of EUR 30,000 per year (two times for the Chairman and one and
a half times for the Deputy Chairman).

The applicants also propose that PKF Deutschland GmbH
Wirtschaftsprüfungsgesellschaft, (Hamburg) be appointed as independent
auditor for the fiscal year 2015 and for an audit review.

Finally, the applicants requests that two Special Audits be placed on the
agenda. One Special Audit shall refer to the Annual General Meeting on 16
June and the failure to announce the voting results. The other Special
Audit shall refer to an investigation into the remuneration and payments to
board members during the financial years 2008 to June 30, 2015. The special
auditor in both cases shall be the Attorney Tino Sekera-Terplan (Munich).
If Mr. Kuprian or Dr. Fischer is selected to be the Chairman of the General
Meeting, a point of order shall be required to remove the Chairman of the
meeting and select a new Chairman.

The Company is currently determining a time and place where the next
General Meeting will be held taking into account the proposals of the
applicants.



Contact:

PNE WIND AG
Rainer Heinsohn
Head of Corporate Communication
Tel: [phone] - 7 18 - 453
Fax: [phone] - 7 18 - 373
E-mail: [e-mail]


PNE WIND AG
Investor Relations
Scott McCollister
Tel: [phone] - 7 18 - 454
Fax: [phone] - 7 18 - 373
E-mail: [e-mail]


22.06.2015 The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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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: [e-mail]
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

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