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M&A Activity • Feb 28, 2017

News Details

Corporate | 28 February 2017 21:27

Capital Stage AG strengthens its stake in CHORUS Clean Energy AG

DGAP-News: Capital Stage AG / Key word(s): Miscellaneous/Miscellaneous

28.02.2017 / 21:27
The issuer is solely responsible for the content of this announcement.

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Capital Stage AG strengthens its stake in CHORUS Clean Energy AG

• Increase of shareholdings in CHORUS Clean Energy AG to more than 95 per
  cent
• Shares were acquired on the stock market and through a share swap via a
  small capital increase
• Path of growth to be continued in 2017

Hamburg, February 28, 2017- The SDAX-listed Hamburg-based solar and wind
park operator Capital Stage announced today that in the meanwhile it has
purchased a total of 160,734 shares in CHORUS Clean Energy AG (CHORUS) in
Neubiberg, Munich. The stake held by Capital Stage AG in CHORUS has
therefore increased to more than 95 per cent.

The increase in the stake in CHORUS took place in two steps. In the first
step, Capital Stage in the meantime purchased additional 105,735 shares in
CHORUS on the stock market. Furthermore, Capital Stage acquires 54,999
CHORUS shares over the counter from an institutional shareholder. The
transaction will take the form of an exchange of shares in which for three
shares in CHORUS five shares in Capital Stage are being offered. This ratio
therefore matches the ratio of the public tender offer for the shares of
CHORUS by Capital Stage which was closed in Oktober 2016. In order to
create the new Capital Stage shares, Capital Stage intends to carry out a
capital increase of EUR 91,665.00 which will involve the utilisation of its
authorised capital and exclude the subscription rights of its shareholders.
The capital increase will be registered into the commercial register
shortly. The share capital of Capital Stage will increase from EUR
126,431,995.00 to EUR 126,523,660.00.

One of Europe's biggest independent producers of renewable energy

"This acquisition underlines our certainty that we were right to invest in
CHORUS Clean Energy AG," says Dr Christoph Husmann, CFO of Capital Stage
AG. Ever since taking over CHORUS Clean Energy AG in October 2016, the
Capital Stage Group has been one of the largest independent producers of
green power in Europe. "With our new position in the market, we have access
to better opportunities in terms of both acquisitions and finance. Markets
and analysts consider this a positive factor", continues Dr Husmann.

Capital Stage expects to continue the path of growth

Most recently, Capital Stage published that it managed to significantly
expand electricity production in the year 2016, in spite of below-average
wind level compared to the long-term average.

Compared to the previous year, the output from renewable energies increased
by more than 56 per cent to nearly 940 GWh of electricity in 2016 - thus
setting a new record for energy generation.

Capital Stage therefore is confident to achieve its earnings targets for
the financial year 2016 and expects the growth to be continued in the
current year 2017.

Capital Stage AG is going to publish the financial results for the full
year 2016 on March 31, 2017

About Capital Stage AG:
Since 2009, Capital Stage has been investing in and operating solar and
wind parks, now with installations in Germany, France, Finland, 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 1.2 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: till.giessmann@capitalstage.com
http://www.capitalstage.com

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28.02.2017 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

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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: info@capitalstage.com
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