- The 100% renewable energy company will debut on the Spanish stock exchanges on Thursday with a €8.8 billion initial valuation
These materials are not an offer for sale of securities in the United States. The securities have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”) and may not be sold in the United States absent registration or an exemption from registration under the Securities Act.
Acciona Energía, a leading 100% renewable energy company, that will start trading on the Spanish stock exchanges next Thursday July 1st, has closed its initial public offering (IPO) at €26.73 per share, which values the company at more than €8.8 billion, according to a statement sent today by the company to the Spanish Securities and Exchange Commission (CNMV).
ACCIONA will offer a total of 49,387,588 ordinary shares of ACCIONA Energía, or 15% of the subsidiary’s share capital, to which a further 7,408,138 shares, or 2.25% (15% of the shares offered), may be added to cover green shoe allotments.
The demand from institutional investors, for a total of €3.6 billion, is 2.4 times the final offer decided, as recommended by the global coordinators for the IPO.
As a result, ACCIONA Energía will have the flexibility to optimize its market value and, at the same time, attract and select investors sharing the company's long-term business plan and its environmental, social and corporate governance (ESG) vision. More than 80% of the orders have been allocated to this high-quality, long-term and ESG-focus “long-only” investor profile.
ACCIONA Energía, to be listed under the ticker symbol "ANE", will start trading next Thursday on the Madrid, Barcelona, Bilbao and Valencia Stock Exchanges through the Automated Quotation System.
Following the settlement of the IPO, ACCIONA will own 85% of ACCIONA Energía's capital. ACCIONA's stake will be reduced to 82.75% in the event that the green shoe is fully exercised.
This announcement is neither a prospectus nor a prospectus equivalent document nor an offer to sell or a solicitation of any offer to buy any securities of Corporación Acciona Energías Renovables, S.A.U. (the “Company”) in such jurisdictions where such offer or sale would be unlawful. Investors should not purchase, sell or otherwise dispose of any securities referred to in this document except on the basis of information in, or incorporated by reference to, the prospectus registered with, and approved by, the Spanish National Securities Market Commission (Comisión Nacional del Mercado de Valores, the “CNMV”), that is available at the Company’s registered offices and published on the websites of the Company and the CNMV in connection with the initial public offering of ordinary shares (the “Shares”) of the Company (the “Offering”).
The sale of the Shares in the Offering is subject to specific legal and regulatory restrictions in certain jurisdictions. The Company assumes no responsibility in the event there is a violation by any person of such restrictions.
The Company has not authorized any offer to the public of securities in the United Kingdom or in any Member State of the European Economic Area.
In any Member State of the European Economic Area, this communication is only addressed to and is only directed at qualified investors in that Member State within the meaning of Regulation (EU) 2017/1129 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market.
In the United Kingdom, this communication is only being distributed to, and is only directed at, and any investment or investment activity to which this communication relates is available only to, and will be engaged in only with, “qualified investors” (as defined in section 86(7) of the Financial Services and Markets Act 2000) (i) who are persons having professional experience in matters relating to investments who fall within the definition of “investment professionals” in Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005, as amended (the “Order”); or (ii) who are high net worth entities falling within Article 49(2)(a) to (d) of the Order (all such persons together being referred to as “relevant persons”). Persons in the United Kingdom who are not relevant persons should not take any action on the basis of this communication and should not act or rely on it.
Any securities referred to herein have not been and will not be registered under the Securities Act, and may not be offered or sold in the United States absent registration or an exemption from registration under the Securities Act. There is no intention to register any securities referred to herein in the United States or to make a public offering of the securities in the United States.