ENCAVIS AG: Annual General Meeting decides with an overwhelming majority of 99.27% to cancel the dividend in favour of further growth

EQS-News: ENCAVIS AG / Key word(s): AGM/EGM/Expansion ENCAVIS AG: Annual General Meeting decides with an overwhelming majority of 99.27% to cancel the dividend in favour of further growth 05.06.2023 / 07:05 CET/CEST The issuer is solely responsible for the content of this announcement. Corporate News ENCAVIS Annual General Meeting decides with an overwhelming majority of 99.27% to cancel the dividend in favour of further growth   Hamburg, 5 June 2023 – The Annual General Meeting (AGM) of the MDAX-listed Hamburg-based wind and solar park operator Encavis AG (Prime Standard, ISIN: DE0006095003, ticker symbol: ECV) resolved for the first time in 11 years to retain the entire consolidated net profit of Encavis AG. The result is to be carried forward and not distributed as a dividend in order to support the accelerated growth of the Group from its own resources. Particularly against the backdrop of the energy crisis, the market is expected to grow particularly strongly by the end of this decade, and Encavis is expected to play a leading role in this growth. In the Supervisory Board meeting immediately following the AGM, Dr Rolf Martin Schmitz was elected as the new Chairman of the Supervisory Board of Encavis AG. Dr Manfred Krüper, former Chairman of the Supervisory Board, is now Deputy Chairman of the Supervisory Board. "We are pleased that our shareholders have now shown a high level of interest in our Encavis AG Annual General Meeting again after an absence of around four years and that we were able to hold a lively discussion on the future growth potential of the Group. Our strategy of further accelerated growth received an impressive support from our shareholders," said Dr Rolf Martin Schmitz, newly elected Chairman of the Supervisory Board, welcoming the benevolent interest shown by investors at the first physical AGM at the Hamburg Chamber of Commerce. Further new and additional elections to the committee appointments follow the stipulation that the position of Chairman of each committee be filled with independent Supervisory Board members. Dr Schmitz takes over the chairmanship of the Personnel and Nominating Committee and Dr Marcus Schenck joins this committee, along with the other committee members Dr Manfred Krüper and Thorsten Testorp. Ms Isabella Pfaller continues to chair the Audit and ESG Committee. Dr Schmitz joins this committee as a new member, along with the other committee members Prof Fritz Vahrenholt and Dr Marcus Schenck. The committee appointments at a glance: Personnel and Nominating Committee Dr Rolf Martin Schmitz (Chairman/new) Dr Marcus Schenck (new) Dr Manfred Krüper Thorsten Testorp Audit and ESG Committee Isabella Pfaller (Chairwoman) Dr Rolf Martin Schmitz (new) Dr Marcus Schenck Prof Fritz Vahrenholt   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 (onshore) wind farms and solar parks in twelve 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 3.5 gigawatts (GW), of which more than 2.1 GW belongs to the Encavis AG, which corresponds to a total saving of around 0.8 million tonnes of CO2 per year stand-alone for the Encavis AG. 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 their "A" level 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: [e-mail] http://www.encavis.com 05.06.2023 CET/CEST Dissemination of a Corporate News, transmitted by EQS News - a service of EQS Group AG. The issuer is solely responsible for the content of this announcement. The EQS Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Archive at www.eqs-news.com

Language:	English
Company:	ENCAVIS AG
	Große Elbstraße 59
	22767 Hamburg
	Germany
Phone:	[phone]
Fax:	[phone]
E-mail:	[e-mail]
Internet:	https://www.encavis.com
ISIN:	DE0006095003
WKN:	609500
Indices:	MDAX
Listed:	Regulated Market in Frankfurt (Prime Standard), Hamburg; Regulated Unofficial Market in Berlin, Dusseldorf, Munich, Stuttgart, Tradegate Exchange
EQS News ID:	1648801

End of News	EQS News Service

1648801  05.06.2023 CET/CEST