Ellomay Capital Announces Results of 2024 Annual General Meeting of Shareholders
2024年7月26日 - 5:30AM
Ellomay Capital Ltd.
(NYSE American; TASE: ELLO) (“Ellomay” or the
“Company”), a renewable energy and power generator and
developer of renewable energy and power projects in Europe, USA and
Israel, today announced that at the annual general meeting of the
Company’s shareholders, held on July 25, 2024 (the
“
AGM”), the following proposals were adopted and
approved by the required majority (including the special majority
required in connection with proposals 2, 3 and 4):
- Reelection of Shlomo Nehama, Ran
Fridrich, Anita Leviant and Ehud Gil as directors;
- Approval of an extension of, and
update of fees (indexation to the Israeli CPI) under, the Amended
and Restated Management Services Agreement among the Company,
Meisaf Blue & White Holdings Ltd., Kanir Joint Investments
(2005) LP and Keystone R.P. Holdings and Investments Ltd;
- Approval of grant and extension of
indemnification undertaking, which includes an undertaking to
provide liability insurance, to office holders who are deemed to be
controlling shareholders;
- Approval of grant and extension of
an exemption to office holders who are deemed to be controlling
shareholders; and
- Reappointment of Somekh Chaikin, a
member of KPMG International, as the independent auditors of the
Company for the fiscal year ending December 31, 2024 and until the
next annual general meeting of the Company’s shareholders, and
authorization of the Board of Directors of the Company to set their
remuneration in accordance with the volume and nature of their
services, or to delegate such power to the Audit Committee.
For more information, please see the Company’s
Notice and Proxy Statement relating to the AGM, submitted on Form
6-K to the Securities and Exchange Commission on June 14, 2024.
About Ellomay Capital Ltd.
Ellomay is an Israeli based company whose shares
are listed on the NYSE American and the Tel Aviv Stock Exchange
under the trading symbol “ELLO”. Since 2009, Ellomay Capital
focuses its business in the renewable energy and power sectors in
Europe, USA and Israel.
To date, Ellomay has evaluated numerous
opportunities and invested significant funds in the renewable,
clean energy and natural resources industries in Israel, Italy,
Spain, the Netherlands and Texas, USA, including:
- Approximately 335.9 MW of
photovoltaic power plants in Spain (including a 300 MW photovoltaic
plant in owned by Talasol, which is 51% owned by the Company) and
approximately 9.95 MW of photovoltaic power plants in Italy;
- 9.375% indirect interest in Dorad
Energy Ltd., which owns and operates one of Israel’s largest
private power plants with production capacity of approximately
850MW, representing about 6%-8% of Israel’s total current
electricity consumption;
- Groen Gas Goor B.V., Groen Gas
Oude-Tonge B.V. and Groen Gas Gelderland B.V., project companies
operating anaerobic digestion plants in the Netherlands, with
a green gas production capacity of approximately 3 million, 3.8
million and 9.5 million Nm3 per year, respectively;
- 83.333% of Ellomay Pumped Storage
(2014) Ltd., which is involved in a project to construct a 156 MW
pumped storage hydro power plant in the Manara Cliff, Israel;
- A photovoltaic plant with installed
capacity of approximately 10 MW in the Lazio Region, Italy that is
ready for connection to the grid;
- Ellomay Solar Italy Ten SRL that is
construction a photovoltaic plant (18 MW) in Italy;
- Ellomay Solar Italy Four SRL (15.06
MW), Ellomay Solar Italy Five SRL (87.2 MW), Ellomay Solar Italy
Seven SRL (54.77 MW), Ellomay Solar Italy Nine SRL (8 MW) and
Ellomay Solar Italy Fifteen SRL (10 MW) that are developing
photovoltaic projects in Italy that have reached “ready to build”
status; and
- Fairfield Solar Project, LLC (13.44
MW), Malakoff Solar I, LLC (6.96 MW) and Malakoff Solar II, LLC
(6.96 MW), that are constructing photovoltaic plants and Mexia
Solar I, LLC (5.6 MW), Mexia Solar II, LLC (5.6 MW), and Talco
Solar, LLC (10.3 MW), that are developing photovoltaic projects
that have reached “ready to build” status, all in the Dallas
Metropolitan area, Texas.
For more information about Ellomay, visit
http://www.ellomay.com.
Information Relating to Forward-Looking
Statements
This press release contains forward-looking
statements that involve substantial risks and uncertainties,
including statements that are based on the current expectations and
assumptions of the Company’s management. All statements, other than
statements of historical facts, included in this press release
regarding the Company’s plans and objectives, expectations and
assumptions of management are forward-looking statements. The
use of certain words, including the words “estimate,” “project,”
“intend,” “expect,” “believe” and similar expressions are intended
to identify forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. The Company
may not actually achieve the plans, intentions or expectations
disclosed in the forward-looking statements and you should not
place undue reliance on the Company’s forward-looking statements.
Various important factors could cause actual results or events to
differ materially from those that may be expressed or implied by
the Company’s forward-looking statements, including changes in
electricity prices and demand, continued war and hostilities in
Israel and Gaza, regulatory changes, including extension of current
or approval of new rules and regulations increasing the operating
expenses of manufacturers of renewable energy in Spain, increases
in interest rates and inflation, changes in the supply and prices
of resources required for the operation of the Company’s facilities
(such as waste and natural gas) and in the price of oil, the impact
of continued military conflict between Russia and Ukraine,
technical and other disruptions in the operations or construction
of the power plants owned by the Company and general market,
political and economic conditions in the countries in which the
Company operates, including Israel, Spain, Italy and the United
States. These and other risks and uncertainties associated with the
Company’s business are described in greater detail in the filings
the Company makes from time to time with Securities and Exchange
Commission, including its Annual Report on Form 20-F. The
forward-looking statements are made as of this date and the Company
does not undertake any obligation to update any forward-looking
statements, whether as a result of new information, future events
or otherwise.
Contact: Kalia Rubenbach (Weintraub)CFO
Tel: +972 (3) 797-1111 Email: hilai@ellomay.com