Rome/Bucharest, 25 April 2008 Within the privatization process of Electrica Muntenia Sud (EMS) and in line with the Privatisation Agreement signed between Enel S.p.A. (Enel) and the State-owned company Electrica S.A. (Electrica) on June 11, 2007, Enel acquired today from Electrica 50% of EMSs share capital for a consideration of 395 million.
At the same time, the shareholders meeting of EMS resolved an increase of the share capital and Enel subscribed such capital increase for a consideration of 425 million.
Depending on whether the existing minority shareholder of EMS will exercise or not its pre-emptive right to subscribe the share capital increase in the next 30 days, Enels shareholding could finally result equal to 67.5% or 64.4% of EMSs share capital.
EMS is the sole electricity distributor for residential and industrial customers of Bucharest the main urban area of the Country as well as Ilfov and Giurgiu counties.
EMS is one of the eight regional electricity distribution companies in Romania and the fifth privatised by the Romanian Government.
At the end of 2007, the company had a workforce of about 2,000 employees, managed a distribution network of 40,100 km approximately, and served about 1.1 million customers.
In 2007 EMS distributed about 5.54 TWh of electricity and its revenues amounted to 521 million euros approximately.
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 Teleborsa S.r.l. - with registered office in Rome, at 4 Piazza Priscilla - as per CONSOB authorization and resolutions n. 22517 and 22518 of November 23, 2022.
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.