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PNE AG Peter-Henlein-Str. 2-4 27472 Cuxhaven, Germany http://www.pnewind.com
Contact Mr Rainer Heinsohn +49 4721 718453
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PNE AG

PNE WIND AG: Debt reduced by approx. EUR 16.9 million with the conversion of convertible bonds

(PresseBox) (Cuxhaven, )
The Volker Friedrichsen Beteiligungs-GmbH informed PNE WIND AG today that it has converted 168,680 convertible bonds issued by PNE WIND AG in 2010 into approx. 7.7 million new shares. As a result, PNE WIND AG has reduced its debt by approx. EUR 16.9 million as well as lowering future interest payments which would have been due on the bonds till the end of 2014 by approx. EUR 1.5 million.

The Volker Friedrichsen Beteiligungs-GmbH now holds approx. 20% of the approx. 54.2 million PNE WIND AG shares outstanding. Prior to converting the bond, the Volker Friedrichsen Beteiligungs-GmbH held approx. 6.6 percent zw CQS XNLK PK'u ptwgrgkvpyv vkgchm.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.