AGM Information • Jul 8, 2016
AGM Information
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Corporate | 8 July 2016 13:10
Capital Stage AG: Capital Stage shareholders pave the way for the exchange offer to shareholders of CHORUS Clean Energy AG
DGAP-News: Capital Stage AG / Key word(s): AGM/EGM/Capital Increase
2016-07-08 / 13:10
The issuer is solely responsible for the content of this announcement.
Hamburg, 08 July 2016 - The shareholders of SDAX-listed Hamburg-based solar
and wind park operator Capital Stage (ISIN DE0006095003)approved the
resolution for the capital increase in kind with more than 99% of valid
votes cast. By approving the issuance of new shares of Capital Stage AG at
today's extraordinary general meeting in Hamburg, the shareholders of
Capital Stage have provided the basis for the proposed takeover of CHORUS
Clean Energy AG by way of a voluntary public takeover offer in the form of
an all share exchange offer.
Prof. Dr. Klaus-Dieter Maubach, Chief Executive Officer of Capital Stage
AG, welcomed the decision: "The shareholder of Capital Stage have followed
the recommendations of the management and supervisory boards of Capital
Stage AG as well as CHORUS Clean Energy AG and are therefore clearly in
favour of a joint future of both companies. It is now the turn of CHORUS'
shareholders, who will presumably receive the official takeover offer by
the end of July 2016. The combined company would represent one of the
largest independent operators of solar and wind parks in Europe with a
total capacity of close to 1 GW and would be best positioned for future
growth", added Maubach.
On May 30, 2016 Capital Stage decided to launch a voluntary public takeover
offer in the form of an all share exchange offer to the shareholders of
CHORUS for all their share capital. Based on the exchange offer,
shareholders of CHORUS will receive five (5) Capital Stage shares in
exchange for every three (3) CHORUS shares. Today's approval by the
shareholders of Capital Stage has provided the basis for the proposed
takeover, namely the issuance of new shares for the exchange. Additional
details regarding the offer will be specified in the outstanding takeover
offer document.
About Capital Stage
Since 2009, Capital Stage has acquired solar power plants and wind parks in
Germany, France, Italy and the UK with a total generation capacity of
almost 600 MW. As such, Capital Stage today is Germany's largest
independent operator of solar parks and already has a generating capacity
that is equivalent to more than half the output of a nuclear power plant.
Capital Stage today also is Germany's largest independent operator of solar
parks. The high quality of the existing portfolio in combination with an
excellent O&M management generate attractive returns and stable revenues
for Capital Stage, while offering only a moderate level of investment risk.
Capital Stage AG is listed in the regulated market (Prime Standard) of the
Frankfurt Stock Exchange and in the regulated market of the Hanseatic Stock
Exchange Hamburg (ISIN: DE0006095003 / WKN: 609500). The shares of Capital
Stage AG have been listed in the Deutsche Börse Frankfurt a. M. selective
index SDAX since March 2014.
For more information, visit www.capitalstage.com
Contact:
Capital Stage AG
Till Gießmann
Head of Investor & Public Relations
Tel.: + 49 (0)40 37 85 62-242
Fax: + 49 (0)40 37 85 62-129
E-Mail: [email protected]
2016-07-08 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
End of News DGAP News Service
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