Frankfurt/Main – CMS has again advised Hamburg-based solar plant and wind farm operator Capital Stage on issuing a scrip dividend. This is the fourth time that Capital Stage 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 0.20 per share. The acceptance rate for the scrip dividend was over 50%.
A CMS team headed by lead partner Dr Andreas Zanner advised the company on all legal aspects of structuring and implementation. Capital Stage has relied on the expertise of CMS lawyers on a regular basis for a number of years.
Capital Stage AG is listed on the SDAX of Deutsche Börse and is one of Europe’s leading independent operators of solar parks and wind farms. Its core business comprises the acquisition and operation of solar plants and (onshore) wind farms. Including solar parks and wind farms acquired and operated on behalf of third parties in an asset management role, Capital Stage AG currently operates a total of 161 solar facilities and 47 wind farms with an output of over 1.2 GW across Germany, Denmark, Finland, France, the UK, Italy, Austria and Sweden.
CMS Hasche Sigle
Dr Andreas Zanner, Client Relationship Partner
Patrick Damanik, Senior Associate, both Capital Markets
Dr Richard Mayer-Uellner, Partner, Corporate