TEL AVIV, Israel, May 13, 2014 /PRNewswire/ --
Ellomay Capital Ltd. (NYSE MKT: ELLO) (TASE: ELOM)
("Ellomay" or "the Company"), an emerging operator in
the renewable energy and energy infrastructure sector, today
announced that it will hold a conference call and webcast at
12:00 pm EST on Wednesday, May 21, 2014 to provide a detailed
update of the Company's recent developments as well as a review of
the Company's business strategy and holdings. These holdings
include several photovoltaic plants in Italy and Spain and holdings in Israel's largest private natural gas power
station.
The Company recently announced that it was informed by Dorad
Energy Ltd. ("Dorad") that the Israeli Minister of National
Infrastructures, Energy and Water Resources approved the
twenty-year generation license and the one-year supply license for
the approximately 800 MW power plant in Southern Israel constructed by
Dorad. Ellomay indirectly holds 7.5% of Dorad's outstanding
share capital with an option to increase its holdings to
9.375%.
Mr. Ran Fridrich, CEO of Ellomay, will host the conference call.
To attend, please use the dial in information below.
Date: Wednesday, May 21, 2014
Time: 12:00 PM Eastern Standard
Time
US Dial-In: 1-877-941-2068
International Dial-In: 1-480-629-9712
Conference ID: 4683518
Webcast: http://public.viavid.com/index.php?id=109247
Please register for the call using the information provided
above. A copy of the presentation slides accompanying this
presentation will be available on the Company's website at
http://www.ellomay.com. Please contact Dustin Salem, SVP, MZ North America if you are
unable to access the slides.
A playback of the call will be available until 11:00 pm ET on June 4,
2014. To listen, call +1-877-870-5176 within the United States or +1-858-384-5517 when
calling internationally. Please use the replay PIN number 4683518.
The playback of the call will also be made available on the
investor relations section of the Company's website.
About Ellomay Capital Ltd.
Ellomay is an Israeli based company whose shares are registered
with the NYSE MKT, under the trading symbol "ELLO" and with the Tel
Aviv Stock Exchange under the trading symbol "ELOM." Since 2009,
Ellomay Capital focuses its business in the energy and
infrastructure sectors worldwide. Ellomay (formerly Nur
Macroprinters Ltd.) previously was a supplier of wide format and
super-wide format digital printing systems and related products
worldwide, and sold this business to Hewlett-Packard Company during
2008 for more than $100 million.
To date, Ellomay has evaluated numerous opportunities and
invested significant funds in the renewable, clean energy and
natural resources industries in Israel, Italy
and Spain, including:
- Approx. 22.6MW of photovoltaic power plants in
Italy and 85% of 2.3MW of
photovoltaic power plant in Spain;
- 7.5% indirect interest, with an option to increase its holdings
to 9.375%, in Dorad Energy Ltd. Israel's largest private power plant, which
will produce approximately 800 MW, representing about 8% of
Israel's total current electricity
consumption;
Ellomay Capital is controlled by Mr. Shlomo Nehama, Mr. Hemi
Raphael and Mr. Ran Fridrich.
Mr. Nehama is one of Israel's
prominent businessmen and the former Chairman of Israel's leading bank, Bank Hapohalim, and
Messrs. Raphael and Fridrich both have vast experience in financial
and industrial businesses. These controlling shareholders, along
with Ellomay's dedicated professional management, accumulated
extensive experience in recognizing suitable business opportunities
worldwide. The expertise of Ellomay's controlling shareholders
and management enables the company to access the capital markets,
as well as assemble global institutional investors and other
potential partners. As a result, Ellomay is capable of
considering significant and complex transactions, beyond its
immediate financial resources.
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," "anticipate," "will," "plan," "could," "may"
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 our forward-looking statements. 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
Investor Relations Contact:
MZ North America
Dustin Salem, SVP
+1(949)259-4998
dustin.salem@mzgroup.us
SOURCE Ellomay Capital Ltd