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ENCAVIS AG increases dividend to EUR 0.28 per share; Dr Rolf Martin Schmitz new member of the Supervisory Board

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DGAP-News: ENCAVIS AG / Key word(s): AGM/EGM/Dividend
01.06.2021 / 15:15
The issuer is solely responsible for the content of this announcement.

Corporate News


Encavis increases dividend to EUR 0.28 per share;
Dr Rolf Martin Schmitz new member of the Supervisory Board

Hamburg, June 1, 2021 - The Annual General Meeting of Encavis AG, the Hamburg-based wind and solar park operator listed in the MDAX (Prime Standard; ISIN: DE0006095003, ticker symbol: ECV), resolved a further increase in the cash dividend to 0.28 euros (previous year: 0.26 euros) per no-par value share. This ninth consecutive increase in the dividend is aimed at a target dividend of 0.30 euros per share in 2021. For the eighth time in succession, shareholders can choose between receiving the cash dividend of 0.28 euros per no-par value share, subscribing to new shares at a ratio of 73:1 (for an arithmetical 73 existing shares, the shareholder receives one additional new share) at an arithmetical subscription price of 14.60 euros per share, or a combination of both options.

The payment of the cash dividend in the amount of 0.28 euros per dividend-bearing share is planned for June 30, 2021, and the entry of the new shares in the shareholders' securities accounts and the first trading day of the new shares are scheduled for July 8, 2021.

Dr Rolf Martin Schmitz was newly elected to the Supervisory Board. With his great energy expertise and strategic vision, which he expressed among other things as CEO of RWE AG, he will give Encavis important impetus on its way to becoming a green powerhouse. Ms. Christine Scheel stood for re-election to the Supervisory Board, was confirmed in her office and will continue to enrich the Board with her experience and advice. The Executive Board and Supervisory Board expressed special thanks to the previous Supervisory Board member, Mr. Peter Heidecker, for his support, which has always been based on trust and commitment to the Company, as well as for his personal commitment to the Supervisory Board of Encavis AG over the past years since the acquisition of CHORUS Clean Energy AG. Mr. Heidecker will continue to be available to the Group with his expertise and commitment as a member of the Supervisory Board of Encavis Asset Management AG.

"We are pleased that our shareholders have once again shown a high level of interest in our Encavis AG Annual General Meeting in these turbulent times and have expressed their confidence in us with their clear approval of all items on the agenda," said Dr Manfred Krüper, Chairman of the Supervisory Board, welcoming the benevolent interest shown by investors in the once again virtual Encavis AG Annual General Meeting.

Dividend




About ENCAVIS:
Encavis AG (Prime Standard; ISIN: DE0006095003; ticker symbol: ECV) is a producer of electricity from renewable energies listed on the MDAX of Deutsche Börse AG. As one of the leading independent power producers (IPP), ENCAVIS acquires and operates solar parks and (onshore) wind farms in ten European countries. The plants for sustainable energy production generate stable yields through guaranteed feed-in tariffs (FIT) or long-term power purchase agreements (PPA). The Encavis Group's total generation capacity currently adds up to around 2.8 gigawatts (GW), corresponding to a CO2 avoidance of 1.26 million tonnes p.a. in total. Within the Encavis Group, Encavis Asset Management AG offers fund services to institutional investors.

ENCAVIS is a signatory of the UN Global Compact as well as of the UN PRI network. Encavis AG's environmental, social and governance performance has been awarded by two of the world's leading ESG rating agencies. MSCI ESG Ratings awarded the corporate ESG performance with "AA" and ISS ESG with their "Prime" label.

Additional information can be found on www.encavis.com

Contact:
Encavis AG

Jörg Peters
Head of Corporate Communications & IR
Tel.: + 49 40 37 85 62 242
E-Mail: joerg.peters@encavis.com
http://www.encavis.com
Twitter: https://twitter.com/encavis


01.06.2021 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:

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:

https://www.encavis.com

ISIN:

DE0006095003

WKN:

609500

Indices:

MDAX

Listed:

Regulated Market in Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange

EQS News ID:

1203190


End of News

DGAP News Service

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