Rome, October 28th, 2021 - Enel S.p.A. (“Enel” or the “Company”) today launched a consent solicitation addressed to the holders of a subordinated, non-convertible hybrid bond issued by the Company in order to align its terms and conditions with those of perpetual subordinated, non-convertible hybrid bonds launched by Enel in 2020 and 2021.
To this end, the Company has called, at first and single call on December 9th, 2021, the Meeting of the noteholders of the 900,001,000 euros bond maturing May 25th, 2080 with 900,001,000 euros in circulation (ISIN: XS2000719992) (the “Bond”).
The proposed changes to the terms and conditions of the Bond, submitted for approval by the aforementioned Meeting, are illustrated in the notice of call and in the documentation made available to the public in accordance with the modalities indicated below. More specifically, the proposed changes establish that:
· the Bond, which currently has a specified long-term maturity date, would become due and payable and hence have to be repaid by the Company only in the event of winding up or liquidation of the Company;
· the events of default, envisaged in the terms and conditions and additional documentation that regulate the Bond, would be eliminated.
The notice of call of the Meeting of the noteholders and the explanatory report of the Board of Directors on the item of the agenda are available to the public at the registered office of the Company, on its website (www.enel.com) and at the authorized storage mechanism “eMarket STORAGE” (www.emarketstorage.com). The notice of call is also available to the public on the website of Euronext Dublin (https://www.euronext.com/en/markets/dublin) and distributed to the noteholders through the systems of Euroclear Bank SA/NV and Clearstream Banking S.A.
Finally, additional information regarding the terms and conditions applicable to the consent solicitation, including the potential payment of an “Early Participation Fee”, may be found in the Consent Solicitation Memorandum, together with additional documentation concerning the transaction, which are available to the public on the website of the Company (www.enel.com).
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.