OPDENERGY HOLDING, S.A. (“Opdenergy” or the “Company” and, collectively with its subsidiaries, the “Group”) announces its intention to proceed with the initial offering (the “Offering”) of new ordinary shares (the “New Shares”) to qualified investors. The Offering is expected to raise gross proceeds of up to €200 million to fund its business plan.
The Company also expects to offer a portion of the New Shares in the Offering to certain employees of the Group (“the Employees”) and to certain members of the Senior Management, the CEO and certain persons closely related or linked to the Company, the Senior Management or the ultimate beneficial owners of the Company’s shareholders (collectively, the “Related Investors”). The Employees and Related Investors will be residents in Spain and the European Union, respectively.
Additionally, the Company expects to offer a portion of the New Shares in the Offering, less than €8 million in gross proceeds, to all type of investors (the “Public Investors”) located in Spain.
The Company intends to apply for admission of its New Shares and existing ordinary shares to be listed on the Madrid, Barcelona, Bilbao and Valencia Stock Exchanges (respectively, the “Admission” and the “Spanish Stock Exchanges”) for trading through the Automated Quotation System (Mercado Continuo) of the Spanish Stock Exchanges.
