Information on new share capital and treasury shares

PRESS RELEASE

 Information on new share capital and treasury shares 

Milan, 24 March 2022 – Information on new share capital following conversion of the Convertible Bonds

• Following completion on 7 March 2022 of the cash tender offer addressed to professional investors launched by Green BidCo S.p.A. (“Green BidCo”) on Falck Renewables S.p.A.’s (the “Company”) convertible bond named “Euro 200.000.000, 0.00 per cent. Equity-linked Green Bonds due 2025” (the “Convertible Bond”), Green BidCo announced that €165,200,000 in aggregate principal amount of the Convertible Bond had been validly tendered and accepted for purchase.
• Green BidCo exercised its right – pursuant to the terms and conditions of the Convertible Bond – to convert the Convertible Bonds purchased in the cash tender offer into ordinary shares of the Company.  In addition, other bondholders representing €34,300,000 in aggregate principal amount of the Convertible Bond exercised their right to convert the Convertible Bonds into ordinary shares of the Company.
• Pursuant to Article 85-bis of the Issuers’ Regulation and Article 2.6.2, subsection 1, lett. a) of Borsa Italiana’s Market Rules, the Company informs that the new share capital, fully subscribed and paid-in is equal to Euro 325,968,319 divided into 325,968,319 ordinary shares with no par value. Pursuant to Article 2444 of the Italian Civil Code, the notice of the executed capital increase was filed with the Milan, Monza-Brianza, Lodi Company Register on 24 March 2022.  The table below shows the composition of the current and of the previous share capital:

• As of the date hereof, €500,000 in principal amount of the Convertible Bond remains outstanding. The Company will issue an Optional Redemption Notice (as defined in the terms and conditions of the Convertible Bond), as soon as practicable under the terms of the Convertible Bond.

Information on treasury shares

• On 3 March 2022, the CEO and other senior managers of the Company received a total of 1,600,501 treasury shares of the Company pursuant to the 2020 – 2022 Stock Grant Plan of the Company.
• As a result, the Company currently owns 609,499 treasury shares.

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Falck Renewables S.p.A., listed on the Italian stock exchange in the Euronext STAR Milan segment and included in the FTSE Italia Mid Cap and MIB ESG indices, develops, designs, builds and manages power production plants using renewable sources, with an installed capacity of 1,385 MW (1,349 MW according to the IFRS 11 reclassification) in the United Kingdom, Italy, the United States, Spain, France, Norway and Sweden, using wind power, solar power, WtE and biomass technologies. The Group is a global player in renewable energy technical advisory and asset management services through its wholly-owned subsidiary Vector Renewables, and provides services to clients with an approximate installed capacity of about 4,100 MW and with experience working in more than 40 countries. Moreover, Falck Renewables provides highly specialised energy management and downstream services to both energy producers and consumers.

Go to www.falckrenewables.com and join us on LinkedIn and Twitter (@falckrenewables).

Contact Details:

Falck Renewables

Giorgio Botta – Investor Relations – Tel. 02 2433 3338

Elena Roda – Media Relations – Tel. 02 2433 2297

SEC Newgate S.p.A

Daniele Pinosa, Fabio Leoni, Fabio Santilio – Tel. 02 6249991

CDR Communication

Vincenza Colucci – Tel. 335 6909547