TEL AVIV, Israel, August 10, 2017 /PRNewswire/ --
Ellomay Capital Ltd. (NYSE American; TASE:
ELLO) ('Ellomay' or the
'Company') an emerging operator in the
renewable energy and energy infrastructure sector, today announced
that it will hold its annual general meeting of shareholders (the
'Meeting') on Thursday, September 14,
2017, at 2:00 p.m.,
Israel time, at Ellomay's offices
located at 9 Rothschild Boulevard, 2nd Floor, Tel-Aviv 6688112, Israel.
The agenda of the Meeting will be as follows:
- Re-election of Shlomo Nehama,
Ran Fridrich, Hemi Raphael and
Anita Leviant as Directors;
- Re-election of Mordechai Bignitz as External Director for an
additional three-year term;
- Approval of compensation of Mordechai Bignitz, the External
Director nominee;
- Reappointment of Somekh Chaikin, a member of KPMG
International, as the independent auditor of the Company for the
fiscal year ending December 31, 2017
and until the next annual general meeting of the Company's
shareholders, and authorization of the Board of Directors to
approve, following the approval of the Audit Committee, the
remuneration of the independent auditors in accordance with the
volume and nature of their services; and
- Receipt and consideration of the Auditors' Report and the
Financial Statements of the Company for the fiscal year ended
December 31, 2016.
Shareholders of record as of the close of business on
August 15, 2017 will be entitled to
vote at the Meeting or any adjournments thereof. The Company plans
to mail a proxy statement that describes the proposals to be
considered at the Meeting and a proxy card on or about August 17, 2017. The proxy statement and proxy
card will also be furnished to the Securities and Exchange
Commission on Form 6-K on or about August
10, 2017.
Each of the resolutions to be presented at the Meeting requires
the affirmative vote of holders of at least a majority of the
ordinary shares voted in person or by proxy at the Meeting on the
matter presented for passage. However, the approval of the proposal
under Item 2 and a portion of the proposal under Item 3 is required
to comply with additional special 'disinterested' voting
requirements as set forth in the proxy statement. Item 5 does not
require a shareholder vote.
Shareholders wishing to express their position on an agenda item
for the Meeting may do so by submitting a written statement to the
Company's offices at the above address by September 4, 2017. Any position statement
received will be furnished to the SEC on Form 6-K, which will be
available to the public on the SEC's website at http://www.sec.gov
and on the websites of the Israel Securities Authority and Tel Aviv
Stock Exchange at http://www.magna.isa.gov.il or
http://maya.tase.co.il/, respectively. Eligible shareholders may
present proper proposals for inclusion in the Meeting by submitting
their proposals to the Company no later than August 17, 2017.
Shareholders may vote their ordinary shares by means of a deed
of vote or proxy card, which are required to be received by the
Company, along with the documentation set forth in the proxy
statement, by 10:00 a.m.,
Israel time, on September 14, 2017 (four hours prior to the
Meeting), to be counted for the Meeting.
About Ellomay Capital Ltd.
Ellomay is an Israeli-based company whose shares are registered
with the NYSE American and with the Tel Aviv Stock Exchange under
the trading symbol 'ELLO'. 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:
- Approximately 22.6MW of photovoltaic power plants in
Italy and approximately 7.9MW
of photovoltaic power plants in Spain;
- 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 850
MW, representing about 6%-8% of Israel's total current electricity
consumption;
- 75% of Chashgal Elyon Ltd., Agira Sheuva Electra, L.P. and
Ellomay Pumped Storage (2014) Ltd., all of which are involved in a
project to construct a 340 MW pumped storage hydro power plant in
the Manara Cliff, Israel;
- 51% of Groen Gas Goor B.V. and of Groen Gas Oude-Tonge B.V.,
project companies developing anaerobic digestion plants with a
green gas production capacity of approximately 375 Nm3/h, in Goor,
the Netherlands and 475 Nm3/h, in
Oude Tonge, the Netherlands,
respectively.
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. Ellomay
believes 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, we believe Ellomay is capable of considering
significant and complex transactions, beyond its immediate
financial resources.
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
our forward-looking statements including changes in regulation,
seasonality of the PV business and market conditions. 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 Weintraub
CFO
Tel: +972(3)797-1111
Email: miria@ellomay.com
SOURCE Ellomay Capital Ltd.