edp announcement

Results of the offer and allocation of shares

Friday 07, August 2020

Results of the offer and allocation of shares

In accordance with the applicable legal provisions, in particular article 127, number 1, paragraph a) of the Portuguese Securities Code (Código dos Valores Mobiliários), EDP – Energias de Portugal, S.A. (hereinafter referred to as “EDP” or “Issuer”) hereby announces that the above mentioned share capital increase has been fully subscribed, resulting in the issuance of 309,143,297 ordinary, book-entry and nominative shares, with a nominal value of EUR 1,00 each, a subscription price of EUR 3,30 per share and a share premium of EUR 2,30 per share (“New Shares”), with subscription reserved to the shareholders of EDP in the exercise of their pre-emptive subscription rights pursuant to applicable law and other investors who have acquired subscription rights (the “Rights Issue”).

 289,872,956 New Shares were subscribed pursuant to the exercise of subscription rights, representing about 93.8% of the total number of New Shares to be issued pursuant to the Rights Issue. The remaining 19,270,341 New Shares were available to satisfy oversubscription orders. Oversubscription orders totaled 501,535,122 ordinary shares, which exceeded about 26 times the amount available.

The total demand registered in this share capital increase accounted for approximately 256% of the amount of the Rights Issue.

Thus, the share capital increase was entirely subscribed corresponding to proceeds in the amount of EUR 1,020,172,800.10.

The process for allocating the remaining ordinary shares between all the subscribers who submitted oversubscription orders was conducted in successive rounds. The amount of ordinary shares allocated was a proportion of the value of the relevant subscription orders, rounding downwards.

The financial settlement of the New Shares subscribed for pursuant to the exercise of subscription rights occurs today and the financial settlement of the ordinary shares subscribed to pursuant to the exercise of oversubscription rights is expected to occur on 11 August 2020.

Furthermore, EDP has made a request to Euronext Lisbon – Sociedade Gestora de Mercados Regulamentados, S.A. for the admission to trading of all the New Shares on the Euronext Lisbon regulated market. It is expected that trading will commence on or around 17 August 2020, after the share capital increase is registered in the commercial registry office.