Rome, December 16th, 2021 – The Board of Directors of Enel S.p.A. ('Enel' or the 'Company'), which met today under the chairmanship of Michele Crisostomo, authorized Enel's issuance, by December 31st, 2022, of one or more non-convertible subordinated hybrid bonds, including perpetual bonds, for up to a maximum amount equal to 3 billion euros. These bonds are to be placed exclusively with European and non-European institutional investors, including through private placements.
In the same resolution, Enel's Board of Directors also revoked the previous February 25th, 2021 resolution concerning the issuance of one or more bonds by the Company, for the portion not yet implemented, amounting to approximately 0.75 billion euros, without prejudice to all effects arising from issues already carried out.
The new bonds, if issued, will aim to further strengthen the Group's capital and financial structure, and/or refinance Enel’s outstanding hybrid bonds.
The Board of Directors also delegated to the Chief Executive Officer the task of deciding on the issuance of new bonds and their respective characteristics and, therefore, of establishing for each issue, taking into account the evolution of market conditions, the timing, amount, currency, interest rate and further terms and conditions, as well as the placement methods and any listing on regulated markets or multilateral trading facilities.
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.