Energy SpA — Share Issue/Capital Change 2023

Jun 7, 2023

Informazione Regolamentata n. 20263-28-2023		Data/Ora Ricezione 07 Giugno 2023 18:20:03	Euronext Growth Milan
Societa'	:	ENERGY S.p.A.
Identificativo Informazione Regolamentata	:	177995
Nome utilizzatore	:	ENERGYN01 - Tinazzi
Tipologia	:	REGEM; 2.3
Data/Ora Ricezione	:	07 Giugno 2023 18:20:03
Data/Ora Inizio Diffusione presunta	:	07 Giugno 2023 18:20:07
Oggetto	:	EXERCISE OF OPTIONS RELATED TO THE "STOCK OPTION PLAN"
Testo del comunicato

Vedi allegato.

PRESS RELEASE – ENERGY S.P.A

EXERCISE OF OPTIONS RELATED TO THE "STOCK OPTION PLAN"

COMMUNICATION PURSUANT TO ARTICLE 17 OF THE EURONEXT GROWTH MILAN ISSUERS' REGULATION: SUBSTANTIAL CHANGE OF SIGNIFICANT SHAREHOLDERS

S. Angelo di Piove di Sacco (PD), June 7 th, 2023. Energy S.p.A. (the "Company" or "Energy"), an integrated energy storage systems manufacturer, listed on Euronext Growth Milan, announces the issuance of 116,926 ordinary shares following the vesting and related exercise by the beneficiaries of a total of 116,926 options provided by the "Stock Option Plan" (the "Plan"), approved by the Shareholders' Meeting of June 17th, 2022. The Plan's beneficiaries are Energy's key managers (including Directors, Executives and employees), based on their contribution to the effective value creation for the Company and for its shareholders in the medium-term, in execution of the guidelines set out in the Company's business plan.

The shares detailed above are issued in execution of the divisible capital increase by payment, and excluding pre-emptive rights, approved by the Shareholders' Meeting on June 17th, 2022, up to a maximum of 1,500,000 shares, to be executed by December 31th, 2026, of which 600,000 shares have been equally allocated between the beneficiaries Davide Tinazzi, Andrea Taffurelli and Daniele Manfroi by Energy's Board of Directors on June 24th, 2022. The subscription price ("strike price") of the shares under the Plan is Euro 0.01 per share.

The newly issued shares will have the same characteristics and will attribute the same administrative and equity rights of the outstanding ordinary shares and may not be transferred for a period of 12 months from the date of their subscription.

Following the capital increase described above, Energy's share capital will amount to Euro 614,919.26, corresponding to 61,491,926 ordinary shares with no par value.

For further information, please refer to Energy's Admission Document published on published at IPO on Euronext Growth Milan.

Energy also announces, pursuant to Article 17 of the Euronext Growth Milan Issuers' Regulation and the Transparency Rules, that it today received notice from the shareholders Davide Tinazzi and Andrea Taffurelli that they have exceeded the 20% stake in Energy's share capital.

In light of the described capital increase, the Company's share capital will be as follows:

Shareholder	Number of Shares	No. PAS*	Total Shares	% of share capital
Davide Tinazzi	10,403,534	1,899,792	12,303,326	20.01%
Andrea Taffurelli	10,404,570	1,899,792	12,304,362	20.01%
Sun Hongwu	10,270,638	1,896,000	12,166,638	19.79%
Euroguarco S.p.A.	10,278,222	1,888,416	12,166,638	19.79%
RPS S.p.A.	4,166,500	-	4,166,500	6.78%
Market **	8,384,462	-	8,384,462	13.64%
Total	53,907,926	7,584,000	61,491,926	100.00%

*not admitted to trading

**the free float with respect to the 53,907.926 Shares admitted to trading on the Euronext Growth Milan is 15.55%

The Board of Directors will file at the Companies Registration Office, in accordance with Article 2436, paragraph 6, of the Civil Code, the amended text of the ByLaws, and proceed with the related formalities.

This press release is available on Energy S.p.A.'s website at www.energysynt.com, Investor Relations/Press Releases section and on .

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Energy S.p.A, founded in 2013 by Davide Tinazzi, Andrea Taffurelli and Massimiliano Ghirlanda and listed since August 1, 2022 on the Euronext Growth Milan market of the Italian Stock Exchange, is headquartered in the province of Padua (Italy) and is an energy storage systems for both residential and large-scale applications sector leader. Our systems allow energy to be stored and released according to customers' energy needs. Energy has to date sold and installed more than 53,000 systems across the country, with a focus on the residential, commercial, industrial, Utilities and electric mobility markets. The biggest projects executed include the large-scale plant in Comiso (Sicily), consisting of an agrivoltaic plant and a photovoltaic field, the large-scale plant at the CAAB Centre in Bologna, the Smart Grids at numerous municipalities in Sardinia and Lombardy and a Condominium Energy Community in Switzerland where individual hubs exchange energy as needed. Energy's sales channels include both general electrical distributors and PV specialists, while the company also works with large European EPCs. The proximity of Energy's logistics to the headquarters of major distributors has allowed the company to establish strong partnerships with the Italian and European market players. The company purchases components from major international suppliers and combines them with its "Zero Co2" proprietary software to build EU standard compliant systems. Sales revenues of Euro 126.5 million are reported for 2022.www.energysynt.com

Contacts:

Energy S.p.A. STIFEL EUROPE BANK AG TWIN Srl Tel. +39 049 2701296 Tel. +39 02 85465774 Mara Di Giorgio info@energysynt.com SEBA.Milan.ECM@stifel.com Tel. +39 335 7737417

Company Euronext Growth Advisor IR Advisor | Corporate Media Relations

mara@twin.services

Daniele Quarello Tel. +39 347 9282119 daniele@twin.services