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AGM Information • Jun 23, 2017
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Corporate | 23 June 2017 10:00
Capital Stage AG: Annual General Meeting of CHORUS Clean Energy AG agrees to squeeze-out request
DGAP-News: Capital Stage AG / Key word(s): Miscellaneous/Miscellaneous
23.06.2017 / 10:00
The issuer is solely responsible for the content of this announcement.
Capital Stage AG: Annual General Meeting of CHORUS Clean Energy AG agrees to squeeze-out request
Hamburg, 23 June 2017 – The SDAX-listed, Hamburg-based solar and wind park operator Capital Stage has been given the green light to acquire the remaining shares attributable to minority shareholders in CHORUS Clean Energy AG (‘CHORUS’) based in Neubiberg near Munich. These shares account for around five per cent of issued share capital in CHORUS. At the Annual General Meeting of CHORUS on 22 June 2017, the shareholders approved the squeeze-out request submitted by Capital Stage AG with more than 99 per cent of the share capital represented. In exchange for transferring their shares to Capital Stage AG, the minority shareholders will receive an appropriate cash settlement of EUR 11.92 per dividend-entitled share. Furthermore, the two members of the Capital Stage AG Management Board, Dr Christoph Husmann and Holger Götze, were confirmed as members of the CHORUS Supervisory Board at the CHORUS Annual General Meeting.
As a result, Capital Stage will have successfully concluded its takeover of CHORUS, which it announced in May 2016, within just a year. Once the shares have been transferred in exchange for payment of the cash settlement, Capital Stage AG will be the sole shareholder of CHORUS Clean Energy AG, and CHORUS will cease to be listed on the stock exchange. This makes Capital Stage one of the largest independent power producers (IPPs) in the European renewable energy market. The 161 solar parks and 47 wind parks, operated by the company currently have a total generating capacity of more than 1.3 Gigawatts.
About Capital Stage AG:
Capital Stage invests in and operates solar and wind parks in Germany, Denmark, Finland, France, the United Kingdom, Italy, Austria and Sweden. Including solar and wind parks acquired and operated as part of the asset management business for third parties, the company’s generation capacity totals more than 1.3 gigawatts. This makes Capital Stage one of Europe’s leading independent solar and wind park operators. With its solar and wind parks, the company generates attractive yields as well as continuous and predictable income.
The Capital Stage AG share is listed on the regulated market (Prime Standard) of the Frankfurt Stock Exchange and on the regulated market of the Hamburg stock exchange (ISIN: DE0006095003/WKN: 609500). Since 2014, the Capital Stage AG share has been included in the SDAX index of Deutsche Börse.
You can find further information on the company at www.capitalstage.com .
Contact:
Till Gießmann
Head of Investor & Public Relations
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Capital Stage AG
Große Elbstraße 59
22767 Hamburg
Fon: + 49 40 37 85 62-242
Fax: + 49 40 37 85 62-129
e-mail: [email protected]
http://www.capitalstage.com
23.06.2017 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
| Language: | English |
| Company: | Capital Stage AG |
| Große Elbstraße 59 | |
| 22767 Hamburg | |
| Germany | |
| Phone: | +49 4037 85 62 -0 |
| Fax: | +49 4037 85 62 -129 |
| E-mail: | [email protected] |
| Internet: | www.capitalstage.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 |
| End of News | DGAP News Service |