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ENCAVIS AG
AGM Information • May 18, 2020
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AGM Information
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Corporate | 18 May 2020 12:36
ENCAVIS AG: Annual General Meeting approves dividend increase
DGAP-News: ENCAVIS AG / Key word(s): Dividend/Payout
18.05.2020 / 12:36
The issuer is solely responsible for the content of this announcement.
Corporate News
Annual General Meeting approves dividend increase
Hamburg, May 18, 2020 – The 1. Virtual Annual General Meeting (AGM) 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 0.26 per share (previous year: EUR 0.24) with an acceptance rate of 88.71%. This is already the s eighth consecutive increase of the dividend, moving towards a target dividend of EUR 0.30 in the year 2021. For the seventh time in a row, shareholders can choose to receive a cash dividend of EUR 0.26 per share, new shares at a ratio of 60.25:1 (shareholders receive one additional new share for each mathematical 60.25 shares they hold) at a calculated subscription price of EUR 10.845 per share or a combination of both options.
The payment of the cash dividend amounting to EUR 0.26 per dividend-entitled share is expected to be made by the custodian bank on June 16, 2020. First trading day of the new shares as well as the delivery of the new shares in the shareholders’ securities accounts is scheduled for June 24, 2020.
More than 200 shareholders participated via the world wide web at the 1. virtual Annual General Meeting of Encavis AG compared to around 220 shareholders and guests at last year’s face-to-face AGM. This year’s attendance of the share capital entitled to vote of 61.6% exceeded last year’s attendance rate of 56.2% significantly.
“We are delighted that our shareholders showed an increased interest to our AGM in these turbulent times and supported us with a higher participation rate”, Dr Manfred Krüper, Chairman of the Supervisory Board, welcomed the growth in interest of investors and shareholders on the 1. virtual Annual General Meeting of Encavis AG.
About ENCAVIS AG:
Encavis AG (Prime Standard; ISIN: DE0006095003 / WKN: 609500) is a producer of electricity from renewable sources listed on the SDAX of Deutsche Börse AG. As one of the leading independent power generators (IPPs), Encavis acquires and operates solar parks and (onshore) wind farms in ten European countries. The plants for sustainable energy generation generate stable yields through guaranteed feed-in tariffs (FIT) or long-term power purchase agreements (PPA). Within the Encavis Group, Encavis Asset Management AG specializes in the area of institutional investors.
Encavis AG’s environmental, social and governance performance was evaluated by ISS-oekom, one of the world’s leading ESG research and rating agencies and received the ISS-oekom Prime label.
Further information on the Company can be found at www.encavis.com
Contact:
Encavis AG
Jörg Peters
Head of Investor Relations & Public Relations
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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.encavis.com
Twitter: https://twitter.com/encavis
18.05.2020 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.
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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: | [email protected] |
| 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: | 1049645 |
| End of News | DGAP News Service |