Corporate News

Annual General Meeting of ENCAVIS AG to be held as planned on May 13, 2020 - Dividend increase to EUR 0.26 per share for 2019 as well as renewed scrip dividend in shares proposed


Hamburg, April 15, 2020 - The Management Board and Supervisory Board of ENCAVIS AG (ISIN: DE0006095003, Prime Standard) invite their shareholders to the company's Annual General Meeting on May 13, 2020. In order to protect the health of shareholders, employees and the service providers involved, the Annual General Meeting will be held as a virtual General Meeting without the physical presence of shareholders.

ENCAVIS AG actively contributes to curbing the spread of the coronavirus by not holding a presence meeting and at the same time protects its shareholders and their representatives from the risk of infection that would be associated with attending a general meeting with the physical presence of a large number of people.

In 2019, ENCAVIS AG once again exceeded the revenue and operating earnings forecasts, which were raised several times over the course of the past year. The Management Board and Supervisory Board will therefore propose an increased dividend of EUR 0.26 per share (previous year: EUR 0.24) to the Annual General Meeting. This will also be offered again as a scrip dividend in shares or for cash distribution.

ENCAVIS AG thus confirms its long-term dividend promise of 2016 to increase the dividend per share by 50% until the financial year 2021 and to pay a dividend per share of EUR 0.30 to its shareholders. This is despite the continuously increasing number of shares due to the scrip dividend in shares now offered for the seventh time and the related smaller capital increases.

The entire Annual General Meeting will be broadcast live in image and sound for duly registered shareholders or their proxies on May 13, 2020 from 11 a.m. on the Company's website in the password-protected internet service. Following the Annual General Meeting, the presentation of the Management Board will be published on the Company's website.

Shareholders' voting rights may only be exercised by postal vote or by granting a proxy to the voting representative nominated by the Company. The place of the Annual General Meeting within the meaning of the German Stock Corporation Act is the Company's registered office at Große Elbstrasse 59 in 22767 Hamburg. The invitation to the Annual General Meeting is available in the Federal Gazette and on the Company's website. The notice of meeting is issued with a shortening of the notice period.

About Encavis AG:
ENCAVIS AG (Prime Standard; ISIN: DE0006095003 / WKN: 609500) is a producer of electricity from renewable energies listed on the SDAX 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 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 is consistently pursuing its growth strategy >> Fast Forward 2025 despite the limitations of CoVid-19 in daily life. Even in these times ENCAVIS considers itself well equipped to achieve its long-term goals. For the current financial year 2020 the Group is planning moderate growth in sales and earnings, which is in line with the original planning before the Corona crisis.

ENCAVIS AG's environmental, social and governance performances have been awarded ISS-oekom, one of the world's leading ESG research and rating agencies and received the ISS-oekom Prime label.

Further information about the Company can be found at www.encavis.com.

Contact:

ENCAVIS AG