PNE sells treasury shares and thus strengthens its financial base

EQS-News: PNE AG / Key word(s): Miscellaneous
PNE sells treasury shares and thus strengthens its financial base

15.05.2024 / 10:07 CET/CEST
The issuer is solely responsible for the content of this announcement.

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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


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15.05.2024 CET/CEST Dissemination of a Corporate News, transmitted by EQS
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   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 15.05.2024 CET/CEST