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Green City AG is a citizen-owned company
The issue of the citizen’s share aims at a broad distribution of the shareholding by as many shareholders as possible. The association Green City e.V. retains the blocking minority in Green City AG, at the same time the company opens up to new shareholders.
The Green City share is tradable as a security, but is not currently listed on a stock exchange. The trading platform of Green City AG is available for the purchase or sale of shares. This serves to bring together buyers and sales interests.
In addition, the shares of Green City AG may also be sold or acquired by interested parties without using the trading platform. The last company valuation on 01.01.2018 showed a share value of €35.*
Please note that the trading platform is only available in German.
Key features of the share
Creating sustainable assets
Green City AG is an ecologically oriented company whose substance is based on an ever-growing power plant portfolio of the Green City Group.
The Green City e. V. association is the largest shareholder with at least 30 % and monitors the ecological guidelines of the company.
The shares of Green City AG are vinculated registered shares. This allows us to know the shareholders by name and to reject shareholders whose economic activity is incompatible with the company’s objectives.
Achieving free float
The stock is a low-threshold form of direct citizen participation. The more people participate, the better. With the exception of the already existing and desired strongest shareholder Green City e.V., the participation of a single shareholder can be limited to a maximum of 10 according to the statutes.
Enabling citizen participation
Shareholders are co-owners of Green City AG and participate in the risks and opportunities of the company. Each shareholder has a vote and a say at the Annual General Meeting.
Shareholder structure of Green City AG
As a result of the issue of the citizen’s share since September 2016, the number of shareholders has increased to around 877 (as of 31.12.2018). Green City e.V. holds around 54 of the shares. The remaining 46 of the shares are in free float. Apart from the association, no shareholder holds more than 3 of the shares.
Green City AG thus remains true to its objectives: the company and the power plants in its possession are in the hands of a non-profit association and a large number of citizens.
*Based on valuation 2018: Discounted cash flow with 6 % based on status quo. Future business potentials as well as additional newly built plants are not taken into account. A report on evaluation is in preparation and will be available for review.
Substance principle of the citizen’s share:
Power plant parks form the backbone of civic shares
Our core business is the development and construction of renewable energy plants. Additionally, in 2011, we set the goal of building up a stock of green power plants with a capacity of 200 MW by 2020 with the concept of the “Kraftwerksparks”. Our own renewable energy power plants “Kraftwerksparks” thus form the backbone of the Green City share.
With the “Kraftwerkspark III” currently under construction, this goal is within reach and could be achieved much earlier. The power plant parks are financed mainly by borrowing.
All voting shares in the three subsidiaries (Green City Energy Kraftwerkspark I GmbH; Green City Energy Kraftwerkspark II GmbH & Co. KG; Green City Energy Kraftwerkspark III GmbH & Co. KG) are in the hands of Green City AG. As substance values, the “Kraftwerksparks” form the basis for a sustainably rising company value.
Our company is transforming from developer and financier of projects to an operator and power producer. In the long term, after the end of the guaranteed feed-in tariff, the distribution of clean electricity is gaining strategical importance. We are already working on ideas and cooperations to prepare for this phase.