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EQS-News: PNE AG / Key word(s): Miscellaneous
PNE sells treasury shares and thus strengthens its financial base
2024-05-15 / 10:07 CET/CEST
The issuer is solely responsible for the content of this announcement.
Corporate News
PNE sells treasury shares and thus strengthens its financial base
Cuxhaven, 15 May, 2024 - PNE AG has sold its portfolio of 266,803 treasury shares at an average selling price of euro
13.48 on the stock exchange. The sales proceeds of around euro 3.6 million will be used to further expand the company's
own power generation portfolio. PNE had purchased the shares at a price of euro 2.65 as part of the share buyback in
2018.
"We have decided to sell the remaining treasury shares. In accordance with our Scale up 2.0 strategy, the expansion of
our own portfolio has high priority. This is where the proceeds will be utilised", says Harald Wilbert, CFO of PNE AG.
About the PNE Group
The internationally operating, listed PNE Group is included in the SDAX as well as the TecDAX. For more than 25 years,
it has been one of the most experienced project developers in the field of onshore and offshore wind farms. The focus
is on the development of wind power and photovoltaic projects worldwide as well as on electricity generation with its
own wind farms. Its portfolio covers all project planning phases, from site investigation and the implementation of the
approval procedures, through financing and construction, to operation and repowering. As a clean energy solutions
provider, the PNE Group also offers services for the entire life cycle of wind farms and photovoltaic plants. The PNE
Group is a sought-after partner to industry for solutions for the refinement of electricity via power-to-X
technologies.
Contact:
PNE AG
Alexander Lennemann
Head of Corporate Communications
Tel: +49 47 21 - 7 18 - 453
E-mail: alexander.lennemann@pne-ag.com
PNE AG
Head of Investor Relations
Christopher Rodler
Tel: +49 40 - 879 33 114
Fax: +49 47 21 - 7 18 - 373
E-mail: Christopher.Rodler@pne-ag.com
2024-05-15 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.

Archive at www.eqs-news.com  
Language:     English 
Company:      PNE AG 

Peter-Henlein-Straße 2-4
27472 Cuxhaven
Germany

Phone:        04721 / 718 - 06 
Fax:          04721 / 718 - 200 
E-mail:       info@pne-ag.com 
Internet:     http://www.pne-ag.com 
ISIN:         DE000A0JBPG2, DE000A30VJW3 
WKN:          A0JBPG, A30VJW 
Indices:      SDAX, TecDAX 
Listed:       Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, 

Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1903885

End of News EQS News Service
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1903885 2024-05-15 CET/CEST

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END) Dow Jones Newswires

May 15, 2024 04:08 ET (08:08 GMT)