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Enel — Share Issue/Capital Change 2020
Jul 7, 2020
4317_mrq_2020-07-07_89ce9c9b-a3d4-4387-8779-b6c815a1d6d1.pdf
Share Issue/Capital Change
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| Informazione Regolamentata n. 0116-50-2020 |
Data/Ora Ricezione 07 Luglio 2020 07:24:54 |
MTA | ||
|---|---|---|---|---|
| Societa' | : | ENEL | ||
| Identificativo Informazione Regolamentata |
: | 134719 | ||
| Nome utilizzatore | : | ENELN07 - Giannetti | ||
| Tipologia | : | 2.2 | ||
| Data/Ora Ricezione | : | 07 Luglio 2020 07:24:54 | ||
| Data/Ora Inizio Diffusione presunta |
: | 07 Luglio 2020 07:24:55 | ||
| Oggetto | : | Enel reaches 64.9% of Enel Chile's share capital |
||
| Testo del comunicato |
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Media Relations Investor Relations
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ENEL REACHES 64.9% OF ENEL CHILE'S SHARE CAPITAL
Enel has increased its shareholding in Enel Chile by an additional 3%, in line with Enel Group's announced objective to increase its stake in the Group's companies operating in South America, buying out minorities
Rome, July 7 th, 2020 – Enel S.p.A. ("Enel") has increased its stake in its Chilean subsidiary Enel Chile S.A. ("Enel Chile") to 64.9% of the company's share capital, by settling two share swap transactions (the "Swap Transactions") entered into in December 2019 with a financial institution to acquire up to 3% of the share capital of Enel Chile, announced to the financial markets at the time.
Pursuant to the Swap Transactions, Enel has acquired:
- 1,502,106,759 shares of Enel Chile common stock; and
- 11,457,799 Enel Chile American depositary shares ("ADSs"), each representing 50 shares of Enel Chile common stock.
The above-mentioned securities represent, in the aggregate, 3% of Enel Chile's share capital.
In accordance with the Swap Transactions, the total price paid for the shares of Enel Chile common stock and ADSs amounts to approximately 174 million US dollars, equal to around 154 million euros1 , and was funded through internal cash flow generation.
The above-mentioned transactions are in line with the Enel Group's announced objective to increase its stake in the Group's companies operating in South America, buying out minorities.
1 Based on exchange rates as of July 3rd, 2020.