Capital Stage acquires shares in CHORUS Clean Energy AG

Capital Stage AG has announced it has acquired from an institutional investor additional 54,999 shares of CHORUS Clean Energy AG.

This equals approx. 0.2% of the share capital of CHORUS. Furthermore, Capital Stage has acquired additional shares of CHORUS over the stock exchange, Capital Stage will hold approx. 95.0037% of the CHORUS shares.

The acquisition of the additional shares of CHORUS is an exchange of shares, in which for each three shares of CHORUS five shares of Capital Stage will be issued. The exchange ratio corresponds to the exchange ratio of the exchange offer which was closed in October 2016.   

In order to create the new Capital Stage shares, Capital Stage undertakes a capital increase against contribution in kind by using parts of its authorized capital and under exclusion of the subscription right of the shareholders' in the amount of €91,665 (US$103,070). The consummation of the capital increase will be registered in the commercial register shortly.