ENCAVIS AG: Successful tap of hybrid convertible bond issued in 2017 by the issuance of new bonds in an aggregate principal amount of EUR 53 million


------------------------------------------------------------Große Elbstraße 5922767 HamburgFon: + 49 40 37 85 62-242Fax: + 49 40 37 85 62-129e-mail: joerg.peters@encavis.comhttp://www.encavis.comTwitter: https://twitter.com/encavis 05.09.2019 Dissemination of a Corporate News, transmitted by DGAP -

DGAP-News: ENCAVIS AG / Key word(s): Corporate Action/Bond

05.09.2019 / 08:02
The issuer is solely responsible for the content of this announcement.


This publication is not a prospectus and not an offer to purchase securities or for the sale of securities within a jurisdiction or into a jurisdiction, including the United States of America (including its territories and possessions, any state of the United States of America and the District of Columbia), Canada, Japan or Australia or in any other jurisdiction in which offers or sales are prohibited by applicable law.

Press release

Successful tap of hybrid convertible bond issued in 2017 by the issuance of new bonds in an aggregate principal amount of EUR 53 million

Hamburg, September 5, 2019 - The SDAX listed Hamburg based solar and wind park operator Encavis AG (the "Company") has successfully increased the outstanding perpetual subordinated bonds with time limited conversion rights into ordinary bearer shares of the company by the issuance of new bonds in the total nominal amount of EUR 53 million (the "New Bonds"). As of the settlement date the New Bonds will be consolidated with the original bonds in the aggregate principal amount of EUR 97.3 million issued by its wholly owned subsidiary Encavis Finance B.V. on September 13, 2017 and form a single issue (Gesamtemission) under the existing ISIN DE000A19NPE8.

The proceeds of the issuance of the New Bonds will be used by Encavis AG to finance new investments in solar and wind parks and can be accounted for as "equity" under the International Financial Reporting Standards (IFRS).

The issuer of the New Bonds is Encavis Finance B.V., a wholly owned subsidiary of Encavis AG, registered in the Netherlands.

The New Bonds have been placed with institutional investors in selected European countries.

The New Bonds will be issued at 114.25% of their principal amount.

"With the tap offering we have delivered as promised: successfully securing further growth capital for Encavis that will be accounted for as equity on our balance sheet at a highly attractive post-tax-rate of around 3.5 per cent," said Dr Christoph Husmann, CFO of Encavis AG. "The full placement of the New Bonds in such a short time is also a strong affirmation of the trust of investors in Encavis and the Management's growth strategy. The proceeds will consequently be used to finance our future growth path", Dr. Husmann adds.

The settlement date for the offering is expected to be on September 13, 2019. Inclusion of the New Bonds to the listing of the original bonds on the Open Market segment (Freiverkehr) of the Frankfurt Stock Exchange is expected to take place on the same day.

Jefferies International Ltd. acted as Sole Global Coordinator and Sole Bookrunner on the transaction.

About Encavis AG:
Encavis AG (Prime Standard; ISIN: DE0006095003 / WKN: 609500) is a producer of electricity from renewable sources listed in the SDAX of Deutsche Börse AG. As one of the leading Independent Power Producers (IPPs), Encavis acquires and operates solar parks and (onshore) wind farms in ten European countries. The plants for sustainable energy generation generate stable returns through guaranteed feed-in tariffs (FIT) or long-term power purchase agreements (PPAs). Within the Encavis Group, Encavis Asset Management AG specialises in the area of institutional investors. Encavis Technical Services GmbH is the Group"s own service unit for the technical management of solar parks.

Further information on the company can be found at www.encavis.com

Encavis AG
Jörg Peters
Head of Investor Relations & Public Relations
Tel.: + 49 (0)40 37 85 62-242
Fax: + 49 (0)40 37 85 62-129
E-Mail: joerg.peters@encavis.com


This press release may contain forward looking statements, estimates, opinions and This publication may contain forward looking statements, estimates, opinions and projections with respect to anticipated future performance of Encavis AG (the "Company") ("forward-looking statements"). These forward-looking statements can be identified by the use of forward-looking terminology, including the terms "believes", "estimates", "anticipates", "expects", "intends", "may", "will" or "should" or, in each case, their negative, or other variations or comparable terminology. These forward-looking statements include all matters that are not historical facts. Forward-looking statements are based on the current views, expectations and assumptions of the management of the Company and involve significant known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Forward-looking statements should not be read as guarantees of future performance or results and will not necessarily be accurate indications of whether or not such results will be achieved. Any forward-looking statements included herein only speak as at the date of this publication. The Company does not undertake any obligation, and does not expect to publicly update, or publicly revise, any of the information, forward-looking statements or the conclusions contained herein or to reflect new events or circumstances or to correct any inaccuracies which may become apparent subsequent to the date hereof, whether as a result of new information, future events or otherwise. The Company does not accept any liability whatsoever in respect of the achievement of such forward-looking statements and assumptions.

This publication and any materials distributed in connection with this publication are not directed to or intended for distribution to or use by, any person or entity that is a citizen or resident or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation or which would require any registration or licensing within such jurisdiction.

This publication is neither an advertisement nor a prospectus and should not be relied upon in making any investment decision to purchase, subscribe for or otherwise acquire any securities. The information and opinions contained in this publication are provided as at the date of this publication, are subject to change without notice and do not purport to contain all information that may be required to evaluate the Company. No reliance may or should be placed for any purpose whatsoever on the information contained in this publication, or any other information discussed verbally, or on its completeness, accuracy or fairness.

MiFID II professionals/ECPs-only/No PRIIPs KID

Manufacturer target market (MiFID II product governance) is eligible counterparties and professional clients only (all distribution channels).

No PRIIPs key information document (KID) has been prepared as not available to retail in the EEA.

This publication constitutes neither an offer to sell nor a solicitation to buy securities. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the "Securities Act"), or with the securities regulators of the individual states of the United States. The securities may not be offered, sold or delivered, directly or indirectly, in or into the United States except pursuant to an exemption from the registration and reporting requirements of the United States legal regulations. The Company does not intend to register its securities under the Securities Act or to conduct a public offering of securities in the United States.

In the United Kingdom, this publication is only being distributed to and is only directed at persons who (i) are investment professionals falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (as amended) (the "Order") or (ii) are persons falling within Article 49(2)(a) to (d) of the Order (high net worth companies, unincorporated associations, etc.) (all such persons together being referred to as "Relevant Persons"). This publication is directed only at Relevant Persons and must not be acted on or relied on by persons who are not Relevant Persons. Any investment or investment activity to which this publication relates is available only to Relevant Persons and will be engaged in only with Relevant Persons.

Neither the Sole Bookrunner nor any of its respective directors, officers, employees, advisers or agents accepts any responsibility or liability whatsoever for or makes any representation or warranty, express or implied, as to the truth, accuracy or completeness of the information in this announcement (or whether any information has been omitted from the announcement) or any other information relating to the issuer and the Company any of their subsidiaries or associated companies, whether written, oral or in a visual or electronic form, and howsoever transmitted or made available or for any loss howsoever arising from any use of this announcement or its contents or otherwise arising in connection therewith.

The Sole Bookrunner is acting exclusively for the issuer and the Company and no one else in connection with the offering. It will not regard any other person as its respective clients in relation to the offering and will not be responsible to anyone other than the issuer and the Company for providing the protections afforded to its clients, nor for providing advice in relation to the offering, the contents of this announcement or any transaction, arrangement or other matter referred to herein.

In connection with the offering, the Sole Bookrunner and any of its affiliates, acting as investors for their own accounts, may subscribe for or purchase bonds of the Issuer and in that capacity may retain, purchase, sell, offer to sell or otherwise deal for their own accounts in such bonds and other securities of the issuer and the Company or related investments in connection with this offering or otherwise. The Sole Bookrunner does not intend to disclose the extent of any such investment or transactions otherwise than in accordance with any legal or regulatory obligations to do so.

Encavis AG
Jörg Peters
Head of Investor Relations & Public Relations
Große Elbstraße 59
22767 Hamburg

Fon: + 49 40 37 85 62-242
Fax: + 49 40 37 85 62-129
e-mail: joerg.peters@encavis.com
Twitter: https://twitter.com/encavis

05.09.2019 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.
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