31 May 2014

REN publishes prospect of 2nd phase of reprivatization

REN has just published the prospect of the 2nd phase of the reprivatization of the company. 

The prospectus sets out the timing of the operation as well as the conditions for the acquisition of shares. 

The second phase of REN´s privatization will be conducted through a Public Offering in the domestic market and a direct sale to qualified national and international institutional investors (Institutional Direct Sale). 

A maximum of 11% of the share capital of REN will be re-privatized, until 58.740.000 million ordinary and nominative shares, with a par value of 1 euro. 

The Offer will comprise a Public offering of 11.748.000 shares, including 587.400 shares to REN´s employees and 11.160.600 shares to the public in general, and a Institutional Direct Sale of 46.992.000 shares. 

For more information read here the prospectus.


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