Completion of market placement and approval of final terms of capital increase at EDPR
Completion of market placement and approval of final terms of capital increase at EDPR
Lisbon, March 3rd, 2023:EDP - Energias de Portugal, S.A. (“EDP”) hereby informs: EDP’s 74.98% owned subsidiary EDP Renováveis, S.A. (“EDPR”)announces, following a decision taken by its Board of Directors, the completion of an equity raise in the total amount of €1,000,000,008.00, through the placement of 50,968,400 shares.
The total number of shares subscribed represent 5.3% of the existing share capital of EDPR at a price of €19.62 per share, corresponding to a nominal amount of €5 and a share premium of €14.62 per share, representing an increase of share capital of €254,842,000.00 and global share premium amount of €745,158,008.00. Lisson Grove Investment Pte. Ltd., an affiliate of GIC Pte Ltd., pursuant to the terms of an investment agreement entered on March 1st, 2023, subscribed 43,323,140 shares.
Investors are expected to be in receipt of allocated shares on or around March 7th, 2023. The investors will be entitled to all economic and voting rights inherent to the shares from that date onwards.
The capital increase of €1.0 billion in EDPR is within the context of EDPR’s Business Plan 2023-26, disclosed to the market on March 2nd 2023, to partially finance EDPR’s updated investment plan of ∼€20 billion to deploy ∼17 GW of renewables additions until 2026.
Citigroup Global Markets Europe AG, Goldman Sachs Bank Europe SE, JP Morgan SE and Morgan Stanley Europe SE are acting as Joint Global Coordinators and Joint Bookrunners. N.M. Rothschild & Sons Limited is acting as Financial Adviser in relation to the Capital Increase.
EDP – Energias de Portugal, S.A.