TEL AVIV, Israel, June 19, 2019 /PRNewswire/ -- Ellomay
Capital Ltd. (NYSE American: ELLO) (TASE: ELLO)
("Ellomay" or the "Company"), a renewable energy and power
generator and developer of renewable energy and power projects in
Europe and Israel, today announced that at the annual
general meeting of the Company's shareholders held on June 19, 2019 (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;
- Ratification and approval of the compensation policy for the
Company's directors and officers;
- Approval of amendments and a three-year extension of the
Management Services Agreement among the Company, Meisaf Blue &
White Holdings Ltd. and Kanir Joint Investments (2005) Limited
Partnership; and
- Reappointment of Somekh Chaikin, a member of KPMG
International, as the independent auditors of the Company for the
fiscal year ending December 31, 2019
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.
For more information, please see the Company's Notice and Proxy
Statement relating to the AGM furnished on Form 6-K to the
Securities and Exchange Commission on May
15, 2019.
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
850MW, 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 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;
- 51% of Talasol, which is involved in a project to
construct a photovoltaic plant with a peak capacity of 300MW in the
municipality of Talaván, Cáceres, Spain.
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: ellogu@ellomay.com
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SOURCE Ellomay Capital Ltd