DGAP-News

PNE WIND AG: Investigation proceedings not opened due to lack of initial suspicion

DGAP-News: PNE WIND AG / Key word(s): AGM/EGM
PNE WIND AG: Investigation proceedings not opened due to lack of
initial suspicion

23.06.2015 / 17:54

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Cuxhaven, June 23, 2015 - As the responsible Public Prosecutor's office in
Stade announced today, investigation proceedings will not be opened against
PNE WIND AG's attorney in the context of the company's Annual General
Meeting on June 16, 2015. This decision was made due to a lack of initial
suspicion. The serious accusations of betraying the party, election fraud
and suppression of documents thus proved to be fully unjustified. At the
same time, this means that no investigation proceedings will be opened
against any other individual who works for PNE WIND AG, whether it be a
member of the Board of Directors or the Supervisory Board. The evidence
that was confiscated was released again. "This decision by the Public
Prosecutor clearly shows that the criminal charges filed by Supervisory
Board member Mrs. Zielke and Mr. Thomas Knipp (Brunswick) were completely
unfounded and that PNE WIND AG was thus once again subjected to public
damage for no reason. As part of an earlier arbitration claim, PNE WIND AG
is claiming damages from the Volker Friedrichsen Beteiligungs-GmbH in the
amount of approx. Euro 6.2 million. We are also examining further legal
claims of Euro 17 million" explains Martin Billhardt, CEO of PNE WIND AG.

The Board of Directors of PNE WIND AG will issue an invitation to an
extraordinary Annual General Meeting taking the interests of our
shareholders and, particularly with respect to the company's continued
successful operational development. "We favor a solution that focuses on
the successful and smooth development of the operational business," Martin
Billhardt added.

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]


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 more than 400 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.



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23.06.2015 Dissemination of a Corporate News, transmitted by DGAP - a
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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


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