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.