Rome, December 14th, 2022 – 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, 2023, of one or more non-convertible subordinated hybrid bonds, including perpetual bonds, of up to an overall maximum amount equal to 2 billion euros. The 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 resolution of December 16th, 2021 not yet implemented concerning the issue of one or more bonds of the same type by the Company.
If issued, the new bonds will enable Enel to refinance the maturities of some outstanding hybrid bonds.
The Board of Directors also delegated to the Chief Executive Officer the task of deciding the issue of the new bonds and their respective characteristics and, accordingly, of establishing for each issue - taking 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.