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.
 

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