On April 29th. 2009, the Shareholders’ meeting commissioned the Board of
Directors to carry out a capital increase for up to 8 billion Euros, including
additional paid-in capital. On May 28th. Enel’s Board of Directors defined the
conditions for the capital increase. Ordinary shares were issued, to be paid
from January 1st. 2009, with an option right offered to Enel shareholders: each
shareholder had the right to subscribe 13 new shares for every 25 that were
already owned, at €2.48/share.
Stock options were exercised from June 1st, 2009, to June 19th,2009. At the end
of the "offer period", the capital increase was completed with the full
subscription of the 3,216,938,192 newly issued ordinary shares, representing
34.21% of the new capital, equivalent to 7,978,006,716.16 Euros gross of fees
and expenses.
