French nuclear operator EDF to increase share capital with more than EUR 3.1 billion

French nuclear operator EDF to increase share capital with more than EUR 3.1 billion

• Subscription ratio: 2 new shares for 13 existing shares
• Subscription price: 6.35 euros per new share
• Theoretical value of the preferential subscription right: 0.34 euros
• Trading period of the preferential subscription rights: from 21 March to 30 March 2022 inclusive
• Subscription period: from 23 March to 1 April 2022 inclusive
• Rights issue results: 5 April 2022
• Settlement-delivery and listing of the new shares on Euronext Paris: 7 April 2022
• Subscription commitment: subscription of the French State proportional to its 83.88% stake in EDF share capital, representing a subscription commitment of approximately 2.7 billion euros

(PRESS RELEASE) PARIS, 18-Mar-2022 — /EuropaWire/ — EDF (EPA: EDF), the world-leading nuclear operator, has announced the launch of a share capital increase with preferential subscription rights to existing shareholders for a gross amount of more than 3.1 billion euros.

The net proceeds from the Rights Issue will primarily be used:

• to finance the Group’s development operations during the period between 2022 and 2024, in line with the CAP 2030 strategy;
• to strengthen the Group’s credit rating and its access to financing markets; and
• more generally, to strengthen the Group’s financial flexibility.

The Rights Issue is part of a broader action plan aimed at strengthening the balance sheet structure.

NB: The entire press release is available in the PDF

Press Office:

+33 (0) 1 40 42 46 37
service-de-presse@edf.fr

SOURCE: EDF