- Taking into account the newly issued shares that have been subscribed during the first and the second pre-emptive offering period, the overall capital increase has been subscribed at 99.49%
- Following the capital increase Enel has increased its shareholding in Enel Américas to 57.19% from the previous 56.8%
Rome, September 3rd, 2019 – Enel S.p.A. (“Enel”) announces the successful completion of the capital increase of its Chilean subsidiary Enel Américas S.A. (“Enel Américas”) for a total of 3 billion US dollars, offered in pre-emption to its shareholders and resolved by the Extraordinary Shareholders’ Meeting of Enel Américas on April 30th, 2019. Taking into account the newly issued shares that have been subscribed during the first and the second pre-emptive offering period, the overall capital increase has been subscribed at 99.49%.
Specifically, during the second period of the offer, which ran from August 6th to August 29th, shareholders who subscribed the capital increase during the first period of the offer have subscribed 408,826,391 of the remaining 504,945,557 newly issued shares, equal to approximately 80.96%.
In the second period Enel subscribed a further 294,771,295 newly issued shares, for a total of approximately 47.7 million US dollars, which, in addition to the amount paid during the first period of the offer, involved an overall commitment of approximately 1.77 billion US dollars.
Following the transaction Enel has increased its shareholding in Enel Americas to 57.19% from the previous 56.8%.
According to the resolution of the abovementioned Shareholders’ Meeting held on April 30th, 2019, the Board of Directors of Enel Américas has the power to offer on the Chilean stock exchange, even to third parties, the 96,119,166 newly issued shares that remained unsubscribed during the second period of the offer. Should this power be exercised and Enel subscribe further newly issued shares, the market will be informed in due time.
As previously reported, Enel entered into two share swap transactions (the “Swap Transactions”) on June 28th, 2019 with a financial institution to acquire, on dates that are expected to occur no later than the end of the third quarter of 2020, additional shares of Enel Américas’ common stock and American Depositary Shares. The Swap Transactions remain in place following completion of the 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.