TEL AVIV, Israel, June 21, 2018 /PRNewswire/ -- Ellomay Capital
Ltd. (NYSE American: ELLO; TASE: ELLO) ("Ellomay" or
the "Company"), an emerging operator in the renewable energy
and energy infrastructure sector, today announced that at the
annual general meeting of the Company's shareholders held on
June 21, 2018 (the "AGM") the
following proposals were adopted and approved by the required
majority:
- Reelection of Shlomo Nehama, Ran
Fridrich, Hemi Raphael and
Anita Leviant as directors;
- Approval of extension of the Company's 1998 Share Option Plan
for Non-Employee Directors;
- Approval of extension of the Company's 2000 Stock Option
Plan;
- Approval of amendments to the Company's Second Amended and
Restated Articles of Association, as more fully described in the
proxy statement;
- Approval of a new form of indemnification undertaking and
exemption, which includes an undertaking to provide liability
insurance, and providing such undertaking to current and future
office holders, including office holders who are deemed controlling
shareholders;
- Approval of purchase of directors and officers liability
insurance policy; and
- Reappointment of Somekh Chaikin, a member of KPMG
International, as the independent auditors of the Company for the
fiscal year ending December 31, 2018
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.
The proposal relating to the reelection and terms of service of
an external director was removed from the agenda.
For more information, please see the Company's Notice and Proxy
Statementt relating to the AGM furnished on Form 6-K to the SEC on
May 17, 2018.
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 renewable energy and power sectors in Europe 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
and Spain, including:
- Approximately 22.6MW of photovoltaic power plants in
Italy, approximately 7.9MW of
photovoltaic power plants in Spain
and a photovoltaic power plant of approximately 9 MW in
Israel;
- 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 156 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 operating or 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.
For more information about Ellomay, visit
http://www.ellomay.com.
Contact:
Kalia Weintraub
CFO
Tel: +972 (3) 797-1111
Email: limors@ellomay.com
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SOURCE Ellomay Capital Ltd