EQS-News: clearvise AG: General Meeting strengthens successful growth strategy

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clearvise AG: General Meeting strengthens successful growth strategy

• Presence of share capital at the General Meeting at more than 46%
• New Authorized Capital 2023 provides additional leeway for the continuation of the successful growth course

Wiesbaden, July 7, 2023 - clearvise AG (WKN A1EWXA / ISIN DE000A1EWXA4), an independent power producer from renewable energies with a diversified, European portfolio of wind and PV plants, successfully conducted its Annual General Meeting today. The presence of the share capital was more than 46%. The agenda items were accepted by a large majority. Modifying the original agenda, the company has decided not to take advantage of the new legal opportunity for virtual general meetings. The administration has thus also favourably supported a counterproposal by a shareholder in this regard.

Petra Leue-Bahns, CEO of clearvise AG, states: "We are very pleased with the trust that our shareholders have placed in us in the past fiscal year and the strong approval of the resolutions today. We thank our shareholders for the lively discussion on the topic of virtual General Meetings. This has reaffirmed our decision to return to presence meetings in the future.

With a majority of 99.93%, the shareholders approved the creation of a new Authorized Capital 2023. On this topic, CFO Manuel Sieth emphasizes: "Our well-structured investment and financing planning, on the basis of which we are driving clearSCALE 2025, does not foresee a capital increase in the short term. Therefore, we see the new Authorized Capital 2023 primarily as a stockpile resolution, with which we could take advantage of additional growth opportunities.

The Managing Board of clearvise AG reported to the General Meeting about the business development in 2022 and gave an outlook for the current fiscal year 2023. In the fiscal year 2022, both the addition of new production capacities and the high electricity prices had a positive effect on business development. Thus, clearvise achieved a group turnover of EUR 64 million and an adjusted group EBITDA of EUR 50 million in 2022. The board was also able to report on the good start to the fiscal year 2023 and the successful continuation of the growth initiative clearSCALE2025. In the first half of 2023, clearvise succeeded for the first time in concluding a cooperation via the clearPARTNERS model and signing a corresponding cooperation with two regional French developers. In this context, a majority stake in a ~33 MW "ready-to-build" ground-mounted solar park in the Nouvelle-Aquitaine region was acquired through a joint IPP company.

Furthermore, the General Meeting approved various changes to the articles of association, including the relocation of the registered office of clearvise AG from Wiesbaden to Frankfurt/Main. The Mazars GmbH & Co. KG Wirtschaftsprüfungsgesellschaft Steuerberatungsgesellschaft, Hamburg, was elected as the auditor and group auditor for the fiscal year 2023 and as the auditor for the review of the abbreviated financial statements and the interim management report for the first half of the fiscal year 2023.

The voting results for the agenda items will be available shortly on the company website at https://clearvise.de/investor-relations/#hauptversammlung.
About clearvise

clearvise AG is an independent electricity producer from renewable energies with a diversified, European plant portfolio. Currently, the established investment portfolio of the (Bürgerwindaktie) consists of wind and solar parks in Germany, France, Ireland and Finland as well as a biogas plant. With an operational capacity of more than 300 MW, clearvise produces green electricity from renewable energy sources. Based on a three-pillar acquisition strategy, offering advantages from the distinct clearSWITCH, clearPARTNERS and clearVALUE models, the company is concentrating on profitable expansion of its portfolio of European wind onshore and PV plants by creating win-win situations for all parties involved. The clearvise AG share (WKN A1EWXA / ISIN DE000A1EWXA4) has been listed since 2011 and is currently traded on the open markets of various German stock exchanges and via XETRA.
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Thorben Burbach
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