PETROTEC AG / Key word(s): Change of Personnel
29.12.2014 14:01

Dissemination of an Ad hoc announcement according to § 15 WpHG, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

---

Changes in the Supervisory Board

Dr. Yom-Tov Samia (deputy chairman of the supervisory board) as well as Mr. Isaac Isman (member of the supervisory board) have resigned from their offices as members of the supervisory board with immediate effect. Their resignation letters have been delivered to the company as of today. Mr. Rainer Laufs, chairman of the supervisory board, has waived any notice period with regard to the resignation according to § 8 para. 5 s. 3 of the articles of association, whereby the resignation became effective as of today.

After the intended changes in the shareholding structure became apparent, Mr. Rainer Laufs, chairman of the supervisory board, had developed criteria for suitable substitute candidates for the supervisory board. They should in particular have expertise in manufacturing and operational experience in finance and administration.

The management board of the company, with the approval of the chairman of the supervisory board, intends to apply for the appointment by court of the following persons to become member of the supervisory board without undue delay:

1. Daniel J. Oh, President and Chief Executive Officer, Renewable Energy     Group, Inc.

2. Brad Albin, Vice President Manufacturing, Renewable Energy Group, Inc.
Disclaimer

This ad hoc notification contains forward looking statements, which are based on assumptions and estimates of the management of Petrotec AG. Although Petrotec management believes that these assumptions and estimates are correct, actual future developments and results can deviate substantially from these assumptions and estimates due to many factors. These factors can include alteration of the economic situation, legal and regulatory constraints in Germany and the EU, and changes in Petrotec's general business and competitive environment. Petrotec assumes no liability and provides no warranty that future developments and actual future results will conform with the assumptions and estimates expressed in this ad hoc notification.

About Petrotec

Petrotec AG, Germany, is the largest European producer of waste-derived biodiesel, mainly based on used cooking oil. The Company owns an overall nameplate production capacity of 185,000 tons per year at two locations in Germany. Petrotec runs a vertically integrated business model including own collection of used cooking oil from more than 15,000 collection points, treatment and refining of the raw material up to the technologically demanding production of waste-based biodiesel. The Company sells its biodiesel primarily to large mineral oil companies in northwest Europe. The usage of waste based biodiesel enjoys a preferential double counting scheme granted by major EU countries as part of the mandatory blending quotas. Petrotec's EcoPremium biodiesel provides significant environmental and climate advantages with the highest CO2 emission reduction of 83% (compared with fossil diesel) amongst all biofuels approved by the EU Renewable Energy Directive (2009/28/EC). Since its IPO in 2006, Petrotec cleaned more than 700,000 tons of waste and saved over 2 million tons of CO2 emissions. Petrotec is a public listed company (ISIN DE000PET1111) in the regulated market of Frankfurt Stock Exchange, in the Prime Standard segment, complying with high international transparency standards. It has a capital stock of 24,543,741 Euro, equaling 24,543,741 shares.
Press contact

Petrotec AG
Vera Berlin
Investor Relations 
Tel.: +49 (0) 2862 910080
ir@petrotec.de


29.12.2014 The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

---

 
Language:     English
Company:      PETROTEC AG
              Fürst-zu-Salm-Salm-Str. 18
              46325 Borken-Burlo
              Germany
Phone:        +49 (0)2862 9100 19
Fax:          +49 (0)2862 9100 99
E-mail:       info@petrotec.de
Internet:     www.petrotec.de
ISIN:         DE000PET1111
WKN:          PET111
Listed: Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, Hamburg, München, Stuttgart  
End of Announcement DGAP News-Service  

---