ENCAVIS Annual General Meeting decides once again with a clear majority to
cancel the dividend in favour of further growth

EQS-News: ENCAVIS AG / Key word(s): AGM/EGM/Dividend
ENCAVIS Annual General Meeting decides once again with a clear majority to
cancel the dividend in favour of further growth

10.06.2024 / 07:07 CET/CEST
The issuer is solely responsible for the content of this announcement.

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Corporate News


ENCAVIS Annual General Meeting decides once again with a clear majority to
cancel the dividend in favour of further growth


Hamburg, 10th June 2024 - The Annual General Meeting (AGM) of Hamburg-based
wind and solar park operator Encavis AG (Prime Standard; ISIN: DE0006095003;
ticker symbol: ECV), which is listed on the MDAX, again resolved to retain
the entire consolidated earnings of Encavis AG. The result is to be carried
forward to new account and not distributed as a dividend in order to once
again support the accelerated growth of the Group from its own resources.
The associated strengthening of equity supports the Group's increased growth
ambitions.

All members of the Management Board and the Supervisory Board were granted
discharge by very clear majorities. The amended compensation system for the
members of the Management Board was also clearly approved after the audited
compensation report for the financial year 2023 had already received the
clear approval of the shareholders.

Ayleen Oehmen-Görisch, attorney at law at CMS Hasche Sigle Partnerschaft von
Rechtsanwälten und Steuerberatern mbB, based in Frankfurt/Main, was elected
to the Supervisory Board of Encavis AG by a very large majority of
shareholders. Mrs Oehmen-Görisch succeeds Mr Albert Büll on the Supervisory
Board, who had run for re-election for a term of only two years at the AGM
in 2022, in order to continue the planned change of individual members of
the Supervisory Board to a so-called "Staggered Board" at Encavis AG.

Dr Marcus Schenck, Head of DACH and member of the Global Management
Committee Financial Advisory of Lazard Asset Management (Deutschland) GmbH,
based in Munich, was re-elected to the Supervisory Board of Encavis AG also
by a very large majority of shareholders.

"We are pleased that our shareholders have continued to show great interest
in our Annual General Meeting of Encavis AG, even in the current takeover
situation by KKR, Viessmann and ABACON, and that we were able to lead a
lively discussion on the Group's future growth potential and the progress of
the takeover process," said Dr Rolf Martin Schmitz, Chairman of the
Supervisory Board, welcoming the interest of investors and shareholders in
the Company's physical Annual General Meeting in Hamburg-Heimfeld.

The detailed voting results as well as the speech text with the
corresponding presentation charts of the Management Board of the Annual
General Meeting of Encavis AG on 5 June 2024 can be downloaded from the
Company's website at:

https://www.encavis.com/en/green-capital/investor-relations/agm


About Encavis:
The Encavis AG (Prime Standard; ISIN: DE0006095003; ticker symbol: ECV) is a
producer of electricity from Renewable Energies listed on the MDAX of
Deutsche Borse 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 more than 3.5 gigawatts (GW), of which around 2.2 GW
belong 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. In addition,
the Group currently has around 1.2 GW of capacity under construction, of
which around 830 MW are own assets.

Within the Encavis Group, Encavis Asset Management AG offers fund services
to institutional investors. Another Group member company is Stern Energy
S.p.A., based in Parma, Italy, a specialised provider of technical services
for the installation, operation, maintenance, revamping and repowering of
photovoltaic systems across Europe.

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 "AA" level and ISS
ESG with their "Prime" label (A-).

Additional information can be found on www.encavis.com


Contact:
Encavis AG
Jörg Peters
Head of Corporate Communications & Investor Relations
Tel.: + 49 40 37 85 62 242
E-Mail: IR@encavis.com
http://www.encavis.com


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The issuer is solely responsible for the content of this announcement.

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   Language:       English
   Company:        ENCAVIS AG
                   Große Elbstraße 59
                   22767 Hamburg
                   Germany
   Phone:          +49 4037 85 62 -0
   Fax:            +49 4037 85 62 -129
   E-mail:         info@encavis.com
   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:    1921003

End of News EQS News Service
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1921003 10.06.2024 CET/CEST