Iseteenindus

Eesti Energia plans to list renewables subsidiary

23.09.2021

NOT FOR RELEASE, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OF AMERICA (INCLUDING ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES AND THE DISTRICT OF COLUMBIA), AUSTRALIA, CANADA, THE HONG KONG SPECIAL ADMINISTRATIVE REGION OF THE PEOPLE’S REPUBLIC OF CHINA, JAPAN, SOUTH AFRICA, OR ANY OTHER JURISDICTION WHERE TO DO SO WOULD BE UNLAWFUL.

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On 23 September 2021, Enefit Green AS (100% owned renewables subsidiary of Eesti Energia AS) has announced its intention to proceed with an initial public offering (“IPO”) and listing of its ordinary shares on the Baltic Main List of the Nasdaq Tallinn Stock Exchange. The planned offering is expected to consist of both an issuance of new shares by the Enefit Green AS and a sale of existing shares held by Eesti Energia AS.

Net proceeds of the IPO will be used to finance group’s development projects and potential new projects in order to support the growth and development strategy, which includes wind and solar parks in the Enefit Green’s near-term pipeline of up to 600 MW. Full announcement can be found in the following web page: link here.

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This announcement should not be forwarded to any person.

This announcement is an advertisement and is not a prospectus for the purposes of Regulation (EU) 2017/1129, as amended (the “Prospectus Regulation”) and is not an announcement of a public offer of securities. Investors should not make an investment decision with respect to securities referred to in this announcement except on the basis of information contained in the prospectus that is approved by the Estonian Financial Supervision Authority (the “EFSA”) in order to fully understand the potential risks and rewards associated. Enefit Green AS (“the Company”) will release further information regarding the approval of the prospectus in accordance with the Prospectus Regulation and will make such information available on the website of the EFSA (at www.fi.ee) and of the Company (at www.enefitgreen.ee/ipo). The approval of the prospectus by the EFSA should not be understood as an endorsement of the securities.

This announcement does not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. Securities have not been and will not be registered under the US Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States unless the securities are registered under the Securities Act, or an exemption from the registration requirements of the Securities Act is available. Enefit Green has not registered, and does not intend to register, any portion of the offering in the United States, and does not intend to conduct a public offering of securities in the United States. Any securities sold in the United States will be sold only to qualified institutional buyers (as defined in Rule 144A under the Securities Act) in reliance on Rule 144A, or another available exemption from the registration requirements of the Securities Act.

Rasmus Noormägi
Head of Investor Relations and Treasury
Eesti Energia AS
Tel +372 465 2885
rasmus.noormagi@energia.ee