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DIV - AGM of Encavis AG approves cash dividend of EUR 0.24 per share as well as alternatively the subscription of shares at a ratio of 35:1 and elects Dr. Marcus Schenck to the Supervisory Board

Company: ENCAVIS AG Date: 2019-05-15 Language: English Register to download

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 News Details

Corporate | 15 May 2019 17:49

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AGM of Encavis AG approves cash dividend of EUR 0.24 per share as well as alternatively the subscription of shares at a ratio of 35:1 and elects Dr. Marcus Schenck to the Supervisory Board

DGAP-News: ENCAVIS AG / Key word(s): Dividend/AGM/EGM  

  

15.05.2019 / 17:49  

The issuer is solely responsible for the content of this announcement.  

  

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Corporate News

**Annual General Meeting of Encavis AG approves cash dividend of EUR 0.24 per share as well as alternatively the subscription of shares at a ratio of 35:1 and elects Dr. Marcus Schenck to the Supervisory Board**

Hamburg, June 15, 2019 – The Annual General Meeting of the SDAX-listed Hamburg-based solar and wind park operator Encavis AG (Prime Standard; ISIN: DE0006095003 / WKN: 609500), approved a further increase in the cash dividend to EUR 0.24 per share (previous year: EUR 0.22) with an acceptance rate of 92.96 %. This is already the seventh consecutive increase of the dividend, moving towards a target dividend of EUR 0.30 in the year 2021. For the sixth time in a row, shareholders can choose to receive a cash dividend of EUR 0.24, new shares at a ratio of 35:1 (for 35 existing shares the shareholder receives one new share) or a combination of both options.  

  

The payment of the cash dividend of EUR 0.24 per dividend-bearing share as well as the delivery of the new shares in the shareholders’ securities accounts is scheduled for June 18, 2019.

The Annual General Meeting elected Dr. Marcus Schenck to the Supervisory Board of Encavis AG with the approval of 99.78 %. Dr. Schenck is currently a partner at Perella Weinberg Partners in London and has impressive experience in the banking and energy sectors as Chief Financial Officer of E.ON and Deputy CEO of Deutsche Bank as well as a partner at Goldman Sachs. He succeeds Prof. Dr. Klaus-Dieter Maubach, who resigned from his office as a member of the Supervisory Board of Encavis AG at the end of this Annual General Meeting.

“We are delighted to have won Dr. Schenck, a proven expert in the energy and finance sector, for the Supervisory Board of Encavis AG”, Dr. Manfred Krüper, Chairman of the Supervisory Board, welcomed the newly elected Supervisory Board colleague and once again thanked Prof. Maubach in particular for his commitment and personal dedication to Encavis AG, both as a member of the Management Board as well as a member of the Supervisory Board.

**About Encavis:**  

Encavis AG (Prime Standard; ISIN: DE0006095003 / WKN: 609500) is a producer of electricity from renewable sources listed in the SDAX of Deutsche Börse. As one of the leading Independent Power Producers (IPPs), Encavis acquires and operates solar power plants and (onshore) wind farms throughout Europe. The plants for sustainable energy generation generate stable returns through guaranteed feed-in tariffs (FIT) or long-term power purchase agreements (PPAs). Within the Encavis Group, Encavis Asset Management AG specialises in the area of institutional investors. Encavis Technical Services GmbH is the Group’s own service unit for the technical management of solar parks.

Further information on the company can be found at [www.encavis.com](https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=1437d76775dcdc9cdcd1e7271a79c28d&application_id=811955&site_id=news_data&application_name=news)  

**Contact:**

Encavis AG  

Grosse Elbstrasse 59  

D-22767 Hamburg

Jörg Peters  

Head of Investor Relations & Public Relations  

Tel.: + 49 40 37 85 62-242  

Fax: + 49 40 37 85 62-129  

E-Mail: [joerg.peters@encavis.com](mailto:joerg.peters@encavis.com)

http://www.encavis.com  

https://twitter.com/encavis

  

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15.05.2019 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.  

The issuer is solely responsible for the content of this announcement.  

  

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.  

Archive at www.dgap.de  

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|     |     |
| --- | --- |
| Language: | English |
| Company: | ENCAVIS AG |
|     | Große Elbstraße 59 |
|     | 22767 Hamburg |
|     | Germany |
| Phone: | +49 4037 85 62 -0 |
| Fax: | +49 4037 85 62 -129 |
| E-mail: | info@encavis.com |
| Internet: | www.encavis.com |
| ISIN: | DE0006095003 |
| WKN: | 609500 |
| Indices: | SDAX |
| Listed: | Regulated Market in Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 811955 |

  

|     |     |
| --- | --- |
|     |     |
| End of News | DGAP News Service |

![show this](https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=show_t_gif&application_id=811955&application_name=news&site_id=news_data)