EANS-Adhoc: PNE WIND AG is not expecting payments from the sale of the offshore wind farm project, "Gode Wind II", until 23rd March 2012
-------------------------------------------------------------------------------- ad-hoc disclosure pursuant to section 15 of the WpHG transmitted by euro adhoc with the aim of a Europe-wide distribution. The issuer is solely responsible for the content of this announcement. -------------------------------------------------------------------------------- Company Information 29.02.2012 Cuxhaven, 29th February 2012 - The wind farm project developer, PNE WIND AG (ISIN: DE000A0JBPG2), has not received the first payment from the sale of the "Gode Wind II" offshore wind farm project which was originally scheduled for the 29th February 2012. PNE WIND AG now expects this payment on 23rd March 2012 together with the second installment from the buyer, HYSSING Vermögensverwaltungsgesellschaft mbH held by the Danish company, Brancor Capital Partners APS, under the management of Kim Bangestrup. The payment of the first and second instalments amounting to over 50 percent of the total purchase price is now expected on 23rd March 2012. The payment will have a positive influence on PNE WIND AGs EBIT for the financial year 2011. The agreed purchase price for all of the shares in the PNE Gode Wind II GmbH is based on a valuation of approx. EUR 317,000 per MW including the development costs paid in advance. 84 offshore wind energy systems with a total nominal output of 252 MW are to be constructed in the "Gode Wind II" offshore project. This ad hoc information supplements PNE WIND AGs ad hoc information dated 29th December 2011. Further inquiry note: PNE WIND AG Leiter Unternehmenskommunikation Rainer Heinsohn Tel: +49(0) 47 21 - 7 18 - 4 53 Fax: +49(0) 47 21 - 7 18 - 3 73 E-mail: info@pnewind.com Investor Relations Scott McCollister Tel: +49(0) 47 21 - 7 18 - 4 54 Fax: +49(0) 47 21 - 7 18 - 3 73 E-mail: scott.mccollister@pnewind.com Investor Relations cometis AG Ulrich Wiehle / Janis Fischer Tel: +49(0)611 - 205855-64 Fax: +49(0)611 - 205855-66 E-mail: fischer@cometis.de end of announcement euro adhoc -------------------------------------------------------------------------------- issuer: PNE WIND AG Peter-Henlein-Str. 2-4 D-27472 Cuxhaven phone: +49(0)4721 718 06 FAX: +49(0)4721 718 373 WWW: http://www.pnewind.com sector: Alternative energy ISIN: DE000A0JBPG2, DE000A0B9VG7 DE000A0Z1MR2 DE000A1EMCW3 indexes: CDAX, Prime All Share, Technology All Share stockmarkets: free trade: Hannover, Berlin, München, Hamburg, Düsseldorf, Stuttgart, regulated dealing/prime standard: Frankfurt language: English
Original content of: PNE WIND AG, transmitted by news aktuell