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clearvise AG: The General Meeting supports further development

07/14/2022 / 16:55
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press release

clearvise AG: The General Meeting supports further development

  • Portfolio further developed in line with the clearSCALE2025 growth initiative
  • Presence of share capital at the general meeting over 46%
  • Thanks to the new share capital, the General Meeting forms the basis for the continuation of the successful growth rate

Wiesbaden, July 14, 2021 Clearvise AG (WKN A1EWXA / ISIN DE000A1EWXA4), an independent producer of renewable electricity with a diversified European portfolio of power plants, successfully held its annual general meeting today. The presence of the share capital of the company known as Bürgerwindaktie was over 46%. Shareholders approved by a majority of 76.92% the creation of a new Target Capital in 2022, and for the first time 82.48% of the Conditional Capital in 2022. This created conditions for the expansion of the company’s capital base and, at the same time, the basis for the planned further expansion of the portfolio. As part of the clearSCALE 2025 development initiative, the company has already used the existing 2021 Authorized Capital in partial amounts several times. Today, the management board has been authorized for the next five years to increase the company’s share capital once or several times by up to approximately 31.7 million new bearer shares without par value. The activities of the Management Board and Supervisory Board for the past financial year were approved by the overwhelming majority of votes. Rödl & Partner GmbH Wirtschaftsprüfungsgesellschaft Steuerberatungsgesellschaft from Nuremberg was re-elected as group auditor and auditor for the financial year 2022.

Petra Leue-Bahns, CEO of clearvise, informed the General Assembly on business development in 2021 and presents forecasts for the current year 2022. Due to poor wind conditions, key operating data for 2021 were lower than in the previous year. Portfolio expansion, production in line with expectations and high electricity prices ensure a good start until 2022. In Germany, clearvise uses high market values ​​that ranged from 108.25 to 197.66 for wind in the first half of the year. / MWh, i.e. in the case of PV, ranged from EUR 118.71 to EUR 207.12 / MWh. Petra Leue-Bahns also announced the consistent pursuit of the clearSCALE2025 growth initiative. With the acquisition of the Klettwitz-Nord solar park with an installed capacity of 90 MW, clearvise was able to almost fully achieve its planned growth target of around 305 MW by 2022 by the end of April.

We are glad that so many shareholders took part in today’s AGM and trusted us. It is a great confirmation that we are following the right path with our development strategy. We will continue this consistently. Thanks to the ongoing diversification of our portfolio in the field of photovoltaics, we ensure further stabilization of our cash flow. According to CEO Petra Leue-Bahns, German solar parks already account for around 44% of our operating portfolio, and we are currently disproportionately benefiting from high market values.

The video of the virtual General Meeting will be available in the next few days on the clearvise website at https://www.buergerwindaktie.de/. be available. The results of voting on the items on the agenda will also be available soon.

About clearvise

clearvise AG is an independent producer of electricity from renewable energy sources with a diversified European portfolio of power plants. The established investment portfolio of Bürgerwindaktie currently consists of wind and solar parks in Germany, France, Ireland and Finland, and biogas plants with a capacity of approximately 378 MW. Based on a three-pillar strategy, the company focuses on expanding the portfolio of onshore wind and solar PV systems in Europe and making it profitable. Clearvise AG (WKN A1EWXA / ISIN DE000A1EWXA4) has been listed since 2011 and is now traded over the counter on various German stock exchanges and via XETRA.

contact

Investor Relations
Cometis AG
Thorben Burbach
Telephone: +49 (0) 611 – 205 855-23
Fax: +49 (0) 611 – 205 855-66
E-mail: burbach@cometis.de

14.07.2022 Publication of Corporate News / Financial News broadcast by DGAP – EQS Group AG website.
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