Corporate News

Family Heidecker sold around 2.15% (2.95 million shares) of Encavis AG

Hamburg/Neubiberg, May 29, 2020 - Encavis AG (Prime Standard, ISIN: DE0006095003) has been informed that the Heidecker family sold 2,950,903 shares, corresponding to around 2.15% of Encavis AG, yesterday. Seller was the PELABA Anlageverwaltungs GmbH & Co. KG. The shares sold were linked hitherto to family members, who want to restructure their assets.

Family Heidecker will hold furthermore around 3.1 million shares, corresponding to around 2.26% of Encavis AG via the PELABA Anlageverwaltungs GmbH & Co. KG. "We stay to our ongoing commitment to the Encavis AG and want to accompany the successful growth strategy of the company in future, too", underlined Peter Heidecker his long-term involvement in the company. In this context family Heidecker signed a lock-up for 180 days for their remaining shares.

Berenberg Bank was mandated as sole book runner for the placement of the shares.

About ENCAVIS:
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

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Encavis AG