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.