EANS-Adhoc: PNE WIND AG
SSP litigation becomes final in favour of PNE WIND AG
07.11.2011 – 18:27
-------------------------------------------------------------------------------- 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 07.11.2011 Cuxhaven, November 7, 2011 - PNE WIND AG does no longer face any liability from the sale of its stake in SSP Technology A/S. SSP Technology Holding ApS, a company of the VENTIZZ Group, has today abandoned its appeal against the dismissal of its action by the Stade District Court dated 7 October 2010. As a consequence, this judgment becomes final. The bindingly dismissed action was directed at the reversal of the sale of the majority stake in SSP Technology A/S held by PNE WIND AG until 2008 against payment of EUR 54.28 million and alternatively at a payment of approx. EUR 8.64 million. The commencement of this action was made public by PNE WIND AG in the ad-hoc-notification dated 16th October 2009 and its dismissal was made public by PNE WIND AG in the ad-hoc-notification dated 7 October 2010. << End of Ad-hoc disclosure >> Further inquiry note: PNE WIND AG Press and Public Relations 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 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: regulated dealing/prime standard: Frankfurt, free trade: Berlin, Hamburg, Stuttgart, Düsseldorf, Hannover, München language: English