edp announcement

EDPB share capital increase 98% subscribed

Martes, 07 Junio 2016

EDP – Energias do Brasil S.A, announced today the results of the exercise of the pre-emption right for the subscription of the capital increase of up to R$1,500M.

Pursuant to the terms and for the purposes of article 248 of the Portuguese Securities code, EDP - Energias de Portugal, S.A. ("EDP") provides the following information to the market and general public:


EDP – Energias do Brasil S.A ("EDPB"), 51% owned by EDP announced today, following the expiration of the exercise period, the results of the exercise of the pre-emption right for the subscription of the capital increase of up to R$1,500M approved by EDPB Board of Directors on May 2nd, 2016.
 

During the exercise period, 128,312,172 ordinary shares were subscribed at a share price of R$11.5, which corresponds to a total amount of R$1,475.6M or 98.4% of the total amount approved. EDP subscribed its pro-rata stake in the share capital of EDPB.
 

In the same period, approximately 99.6% of the subscribers, including EDP, indicated the intention to subscribe the remaining shares.
 

The conclusion of the share capital increase is expected to occur by mid July 2016.
 

 

EDP – Energias de Portugal, S.A.