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CMS advises solar plant and wind farm operator Encavis on structuring and issuing a scrip dividend

22/06/2018

Frankfurt/Main – CMS has again advised Hamburg-based solar plant and wind farm operator Encavis AG on issuing a scrip dividend. This is the fifth time that Encavis has given its shareholders the choice of receiving the dividend in cash or in the form of new shares in the company. This year’s cash dividend was EUR 0.22 per share. The acceptance rate for the scrip dividend was almost 40%.

A CMS team headed by lead partner Dr Andreas Zanner advised Encavis on all legal aspects of structuring and implementing the transaction. The company has relied on the expertise of CMS lawyers on a regular basis for a number of years. CMS is a market leader in providing legal advice on scrip dividends and how to structure them.

Encavis AG is listed on the SDAX of Deutsche Börse and is one of Europe’s leading independent electricity producers in the renewable energy field. The company acquires and operates solar plants and (onshore) wind farms in Germany and eight other European countries. Encavis AG currently operates 171 solar plants and 65 wind farms with a total output of over 1.5 GW.

CMS Germany

Dr Andreas Zanner, Lead Partner
Patrick Damanik, Senior Associate, both Capital Markets
Dr Richard Mayer-Uellner, Partner, Corporate

Press Contact
presse@cms-hs.com 

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Patrick Damanik, LL.M.
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Dr. Richard Mayer-Uellner, LL.M. (University College London)
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Dr. Andreas Zanner