08.03.2017
Capital Stage AG DE0006095003
DGAP-News: Capital Stage AG plans squeeze-out at CHORUS Clean Energy AG
DGAP-News: Capital Stage AG / Key word(s): Squeeze Out/Squeeze Out
Capital Stage AG plans squeeze-out at CHORUS Clean Energy AG
08.03.2017 / 12:26
The issuer is solely responsible for the content of this announcement.
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Capital Stage AG plans squeeze-out at CHORUS Clean Energy AG
The SDAX-listed Hamburg-based solar and wind park operator Capital Stage
(ISIN DE0006095003 / WKN 609500) announced today that it submitted the
request to the Management Board of CHORUS Clean Energy AG (CHORUS) that the
shareholders' meeting of CHORUS should decide on the transfer of the shares
of the remaining minority shareholders to Capital Stage AG in exchange for
an appropriate cash settlement (squeeze-out-request). With this step
Capital Stage officially started the squeeze-out-procedure at CHORUS.
Squeeze-out-procedure initiated
Before the end of February 2017 Capital Stage had already announced that it
had acquired additional CHORUS shares and subsequently increased the stake
in CHORUS to more than 95 percent. Therefore, Capital Stage is the majority
shareholder of CHORUS according to § 327 a, para. 1 sentence 1 of the
German Stock Corporation Act (AktG) and the Management Board of Capital
Stage took the chance involved today to address a squeeze-out-request to
the Management Board of CHORUS. The target of the request is that the
shareholders' meeting of CHORUS resolves on the transfer of the shares of
the remaining minority shareholders of CHORUS to Capital Stage in exchange
for an appropriate cash settlement.
"Along with the squeeze-out-procedure we can still acquire the remaining
shares of CHORUS at a fair price for all market participants and put the
coherent resolution on the agenda of the ordinary Annual Geeral Meeting of
CHORUS", comments Dr Husmann, CFO of Capital Stage, today's decision.
"Furthermore we save any additional effort in connection with an
extraordinary General Meeting of CHORUS, which might have ocurred due to
the required convocation at a later point of time", adds Dr Husmann.
Largest listed company for solar and wind parks in Germany
In the context of the the squeeze-out and the full merger of both
companies, Capital Stage paves the way for an ongoing profitable path of
growth. Capital Stage is among Europe's biggest independent electricity of
renewable energy producers (IPP). With a complete integration the company
essentially strengthens its positioning in the field of acquisitions as
well as in the financing area in the growth market for renewable energies.
The company will take advantage of these additional opportunities. The 160
solar parks and 44 wind parks currently operated by the Group amount to a
total capacity of more than 1.2 gigawatts. As measured by the market
capitalisation of currently about EUR 800 million, Capital Stage today is
the largest listed company for solar and wind parks in Germany.
About Capital Stage AG:
Since 2009, Capital Stage has been investing in and operating solar and
wind parks, now with installations in Germany, France, Finland, the United
Kingdom, Italy, Austria and Sweden. Including solar and wind parks acquired
and operated as part of the asset management business for third parties,
the company's generation capacity totals more than 1.2 gigawatts. This
makes Capital Stage one of Europe's leading independent solar and wind park
operators. With its solar and wind parks, the company generates attractive
yields as well as continuous and predictable income.
The Capital Stage AG share is listed on the regulated market (Prime
Standard) of the Frankfurt Stock Exchange and on the regulated market of
the Hamburg stock exchange (ISIN: DE0006095003 / WKN: 609500). Since 2014,
the Capital Stage AG share has been included in the SDAX index of Deutsche
Börse.
You can find further information on the company at www.capitalstage.com.
Contact:
Head of Investor & Public Relations
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Capital Stage AG
Große Elbstraße 59
22767 Hamburg
Fon: + 49 40 37 85 62-242
Fax: + 49 40 37 85 62-129
e-mail: [email protected]
http://www.capitalstage.com
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08.03.2017 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.
Archive at www.dgap.de
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Language: English
Company: Capital Stage AG
Große Elbstraße 59
22767 Hamburg
Germany
Phone: +49 4037 85 62 -0
Fax: +49 4037 85 62 -129
E-mail: [email protected]
Internet: www.capitalstage.com
ISIN: DE0006095003
WKN: 609500
Indices: SDAX
Listed: Regulated Market in Frankfurt (Prime Standard), Hamburg;
Regulated Unofficial Market in Berlin, Dusseldorf, Munich,
Stuttgart, Tradegate Exchange
End of News DGAP News Service
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551775 08.03.2017
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