Rome, April 19th, 2018 – Enel S.p.A.’s subsidiary Enel Brasil Investimentos Sudeste, S.A. (“Enel Sudeste”) has amended the terms of its voluntary tender offer (the “Offer”) for Eletropaulo Metropolitana Eletricidade de São Paulo S.A. (“Eletropaulo”), strengthening further its commitment, subject to the successful completion of the Offer, to promote and back a capital increase of at least 1.5 billion Brazilian reais (equal to approximately 355 million euros at the current exchange rate) in Eletropaulo.
This amount is in addition to the overall investment under the Offer, expected to total up to 4.7 billion Brazilian reais (equal to 1.1 billion euros at the current exchange rate). With these new terms, Enel is offering both certainty of funding for the company, and the most attractive terms for shareholders who wish to participate in the tender Offer.
The Offer, aimed at the acquisition of the entire share capital of Eletropaulo, was launched by Enel Sudeste on April 17th, 2018 at a price per share of 28.0 Brazilian reais, and is conditioned upon the acquisition of a total number of shares representing more than 50% of the company’s share capital, and on the postponement of Eletropaulo’s capital increase.
For the dissemination to the public and the storage of regulated information made available to the public, Enel S.p.A. has decided to use respectively the platforms “eMarket SDIR” and “eMarket Storage”, both available at the address www.emarketstorage.com and managed by Spafid Connect S.p.A. with registered office in Milan, at Foro Buonaparte, 10. The aforementioned services are authorized by Consob (resolution No.19878 of February 15th, 2017, related to the mechanism for the dissemination to the public of regulated information “eMarket SDIR” and resolution No. 19879 of February 15th, 2017, related to the mechanism for the central storage of regulated information “eMarket Storage”).
From May 19th 2014 to June 30th 2015, Enel S.p.A. used the authorized mechanism for the storage of regulated information denominated “1Info”, available at the address www.1info.it, managed by Computershare S.p.A. with registered office in Milan and authorized by Consob with resolution No. 18852 of April 9th, 2014.