•  
  •  
  •  

PNE buying back EUR 5.8m in own stock

"Courtesy of PNE WIND AG"

December 5 (Renewables Now) - German renewable projects developer PNE AG (ETR:PNE3) will buy back shares for a total sum of EUR 5.8 million (USD 6.6m) as part of a freshly concluded share repurchase programme.

The company said in a statement that it will settle the offer on December 14, buying back the maximum number of shares it sought -- 2.19 million -- at EUR 2.65 apiece. This is the lowest price within the EUR 2.25-2.74 range at which the company is able to acquire the shares, it said.

PNE noted that it got offers to buy more than 5.6 million owns shares as part of the programme through the end of the acceptance period on November 30, 2018.

(EUR 1.0 = USD 1.134)

More stories to explore
Share this story
Tags
 
About the author
Browse all articles from Ivan Shumkov

Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

More articles by the author
5 / 5 free articles left this month
Get 5 more for free Sign up for Basic subscription
Get full access Sign up for Premium subscription