DGAP-News: Capital Stage AG: merger with CHORUS Clean Energy is perfect. Around nine out of ten CHORUS shareholders accept the takeover offer
The merger of Capital Stage AG with the CHORUS Clean Energy AG is perfect. More than 94 Percent of CHORUS shareholders have at the official acceptance period opted for the voluntary public takeover offer by Capital Stage. Even before the end of the regular acceptance period, on 14 September 2016 was the minimum acceptance threshold of 50 percent plus one (1) share reached. With a Result of 84.23 percent was this the end of the regular acceptance period, the September 16, 2016, even exceeded significantly. At the end of another Acceptance period, on 5 October 2016, the acceptance rate was 94.42 percent. Overall, more than 26 million CHORUS shares were exchanged for Capital Stage shares filed. Based on the exchange ratio of each Capital Stage five shares for each three CHORUS shares are therefore more than 43 Million new Capital Stage shares issued from a capital increase. Of the Completion of the transaction (Closing) is with the capital increase for Mid October 2016 expected.
“The high acceptance rate of our proposal we are very pleased. It proves impressively that the vast majority of CHORUS shareholders the merger advocates and our belief tells that we will jointly an even higher potential for appreciation have “, commented Prof. Dr. Klaus-Dieter Maubach, CEO of Capital Stage, to the end of the acceptance period. “We also want the technical processing of the transaction as soon as now Complete possible and use the new power of the merger to the expand existing portfolio and asset management, “says Untermaubach continue. The merger of Capital Stage and CHORUS creates one of the leading independent operator of solar and wind parks in Europe a total capacity of more than 1 gigawatt. This corresponds with the necessary Capacity to annually more than half a million households with electricity to take care. “The acquisition strengthens the market position, increase the efficiency and paving the way for additional growth, “explains Untermaubach.
Please note that the offer document, the sole responsibility for the is bid prevail, further information about the tender offer contains. Shareholders and investors are strongly advised the Offer Document and all other relevant documents for the tender offer fully and read them carefully, as they become available, as they provide important Information contained. This document is neither an offer to Exchange nor a solicitation of offers to exchange shares the CHORUS Clean Energy AG and the Capital Stage AG. The final Conditions and further provisions regarding the offer will be contain the offer document, their publication by BaFin Financial was permitted on 28 July 2016th owner of CHORUS shares these documents on the website www.capitalstage.com under the heading “Investor Relations – Public tender offer CHORUS Clean Energy “See.