Rome, November 26th, 2020 – Enel S.p.A. (“Enel” or the “Company”) announces that the Noteholders’ Meetings of the following subordinated non-convertible hybrid bonds issued by the Company (the “Bonds”) were held today in Rome, chaired by Michele Crisostomo:
· 1,250,000,000 euros maturing January 10th, 2074 with 297,424,000 euros in circulation (ISIN: XS0954675129);
· 750,019,000 euros maturing November 24th, 2078 with 750,019,000 euros in circulation (ISIN: XS1713463716);
· 750,000,000 euros maturing November 24th, 2081 with 750,000,000 euros in circulation (ISIN: XS1713463559).
The Noteholders’ Meetings, which follow the launch on October 23rd, 2020 of a consent solicitation by the Company, have approved the proposed changes to the terms and conditions of the Bonds, aimed at aligning the latter with the terms and conditions of the perpetual subordinated non-convertible hybrid bond launched by Enel on September 1st, 2020. More specifically, the approved changes establish, inter alia, that:
· the Bonds, initially issued with a specified long-term maturity date, will become due and payable and hence will have to be repaid by Enel only in the event of winding up or liquidation of the Company;
· the events of default, previously envisaged in the terms and conditions and additional documentation that regulate the Bonds, are eliminated.
The Company will pay an “Early Participation Fee” to the noteholders eligible to receive such fee according to the provisions of the Consent Solicitation Memorandum and subject to the terms and conditions set out therein.
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.