Paris, 1er October 2019 – The EDF Renewables group, holding 90.50 % of the capital and 90.36 % of the voting rights of Futuren[1], announces its intention to file with the Financial Markets Authority (theAMF) a proposed public buyout offer at a price of 1.15 euros per Futuren share. Given its current holding, a squeeze-out at the same price will be implemented after the public offering. This project will be submitted to an independent expert in accordance with applicable regulations.
Futuren's board of directors will issue a reasoned opinion on the draft offer proposed by the EDF Renewables group, after examining the report of an independent expert, who will rule on the fairness of the financial conditions of the draft offer.
The draft public buyout offer will be submitted to the AMF for review and should be filed in November 2019.
[1] Including the assimilation under the provisions of article L. 233-9, I, 4° of the Commercial Code, of 1,000,000 shares subject to liquidity agreements concluded between the EDF Renouvelables group and an individual shareholder.
FROM EDF RENEWABLES (formerly EDF Energies Nouvelles)
EDF Renewables is an international leader in renewable electricity with an installed capacity of nearly 12.5 GW gross worldwide. Its development is mainly focused on wind power and photovoltaic solar power. Mainly present in Europe and North America, EDF Renewables continues its development by taking a position in promising emerging markets such as: Brazil, China, India, South Africa and the Middle East. The Company, which is strongly positioned in the offshore wind sector, is also present in other renewable energy sectors such as energy storage. EDF Renewables ensures the development and construction of renewable energy projects as well as their operation and maintenance, for its own account and on behalf of third parties. EDF Renouvelables is the subsidiary of the EDF group dedicated to the development of solar and wind energy.
For more information : www.france.edf-powersolutions.com
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PRESS CONTACTS
Manon of Cassini-Hérail ▪ tel. : +33 (0)1 40 90 48 22 ▪ email: manon.decassini-herail@edf-en.com
Clarisse Placidoux ▪ tel. : +33 (0)1 40 90 49 46 ▪ email: clarisse.placidoux@edf-en.com
Daniel DaCosta ▪ ▪ email: daniel.dacosta@edf-en.com
IMPORTANT INFORMATION
This press release is issued for information purposes only and does not constitute an offer to sell or acquire financial securities, nor a solicitation for such an offer in any country, including France.
Investors and shareholders are strongly recommended to read the documentation relating to the public buyout offer when it becomes available, as well as any amendments or additions to these documents insofar as they will contain important information about EDF. Renewables, Futuren and the proposed operation.
The dissemination, publication or distribution of this press release is prohibited in any country where such dissemination, publication or distribution would constitute a violation of applicable law or regulation or would subject EDF Renouvelables to any legal obligation. These statements do not constitute investment advice nor a form of canvassing for the purposes of purchases or sales of financial securities under the law applicable in any country or state.
WARNING
This press release contains information likely to have constituted, before its distribution, inside information (within the meaning of Article 7 par. 1 of European Regulation No. 596/2014), which relates to the public offer withdrawal followed by a compulsory withdrawal on all Futuren shares.
EDF Renewables nor any of its advisors accept responsibility for the financial information contained in this press release relating to the activity, operations, results or financial position of the parties participating in the operation or their group. . EDF Renewables and its advisors disclaim any obligation or undertaking to release any update or revision to any forward-looking statement contained in this press release to reflect any change in expectations or the events, conditions or circumstances on which such statements are made. founded.