Completion of EDPR c.€1.5 Bn capital increase
Lisbon, April 16th, 2021:EDP – Energias de Portugal, S.A. (“EDP”) informs that, pursuant to the favourable resolution of EDPR’s General Shareholders Meeting held on April 12th, 2021, it has successfully completed the capital increase of €1,500,250,000 (the “Capital Increase”) through the issuance of 88,250,000 new shares (the “New Shares”) at a subscription price of €17.00 per share.
The New Shares have been fully subscribed by Citigroup Global Markets Europe AG (“Citi”) and Morgan Stanley Europe SE (“Morgan Stanley”) (together, the “Banks”), who have subsequently returned to EDP the New Shares, under the terms of the Stock Lending Agreement entered into by EDP and the Banks on March 3rd 2021 to facilitate the completion of the accelerated bookbuild of 88,250,000 shares of EDPR, as previously disclosed to the market on March 2nd 2021 and March 3rd 2021 (the “ABB”).
Following the Capital Increase, EDP holds the same number of 720,191,372 EDPR shares it held prior to the ABB, which represent 74.98% of EDPR’s share capital on a fully diluted basis.
Pursuant to a request made by EDPR to Euronext Lisbon – Sociedade Gestora de Mercados Regulamentados, S.A., the New Shares have been admitted to trading on the Euronext Lisbon regulated market on April 16th 2021.
The €1,500,250,000 Capital Increase, is within the context of EDPR and EDP’s Strategic Update 2021-25, disclosed to the market in the Capital Markets Day held on February 25th 2021, to partially finance EDPR’s capex plan of c.€19bn to deploy c.20 GW of renewable energy capacity until 2025.
This information is disclosed pursuant to the terms and for the purposes of the article 17 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council and of article 248-A of the Portuguese Securities code.
EDP - Energias de Portugal, S.A.