Plambeck Neue Energien AG completely redeems 2004/2009 convertible bond

Original total par value of 23,5 mill. Euro / Outstanding residue to the amount of 16.3 mill. Euro punctually and completely redeemed

(PresseBox) ( Cuxhaven, )
The wind-farm planner Plambeck Neue Energien AG (News/Aktienkurs) has punctually redeemed the outstanding residual amount of the 2004/2009 convertible bond. Of the original amount of 23.5 Euro, around 16.3 mill. were redeemed on maturity. Some of the investors had already made use of the conversion right and exchanged bonds against shares during the term of the bond. Alongside this, the company had re-acquired some of the papers on the capital market as a result of the favourable price level.

The convertible bond issued in March 2004 had borne interest at 6 per cent during its term, the conversion price had been 3.75 Euro. As early as the previous fiscal year, Plambeck Neue Energien AG had anticipated the complete redemption of the convertible bond for reasons of precaution and had formed a corresponding liquidity reserve for this purpose.
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