Completion of the ABB and approval of EDP’s capital increase
Completion of the ABB and approval of EDP’s capital increase
Lisbon, March 3rd 2023: EDP – Energias de Portugal, S.A. (“EDP”) announces, following a decision taken by its Executive Board of Directors, the completion of an equity raise in the total amount of €1,000,000,002.96, through the placement of 218,340,612 shares.
The total number of shares subscribed represent 5.5% of the existing share capital of EDP at a price of €4.58 per share, corresponding to a nominal amount of €1 and a share premium of €3.58 per share, representing an increase of share capital of €218,340,612.00 and a global share premium amount of €781,659,390.96.
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 equity raise at EDP will be used to fund EDP’s takeover offer to acquire the shares held by the minority shareholders of EDP Energias do Brasil, S.A.
BNP PARIBAS, Citigroup Global Markets Europe AG and Morgan Stanley Europe SE acted 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.