TEL-AVIV, Israel, Nov. 12, 2020 /PRNewswire/ -- Ellomay
Capital Ltd. (NYSE American; 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 it
will hold an extraordinary general meeting of shareholders (the
"Meeting") on Thursday, December 17,
2020, at 2:00 p.m.,
Israel time, and thereafter as it
may be adjourned or postponed from time to time. As part of our
precautions regarding the Coronavirus (COVID-19), we will enable
participation and convening of the meeting via teleconference at
the following dial-in numbers and code: Israel dial-in number: 03-9180699, US dial-in
number: 1-866-457-3406 / 1-866-297-0242 - Conference code:
06114#.
The agenda of the Meeting will be as follows:
- Election of Daniel Vaknin as a
new external director for an initial three-year term;
- Approval of terms of service of Mr. Daniel Vaknin, the external director
nomine;
- Approval of terms of service of Mr. Ehud Gil, a member of the Board of
Directors.
Shareholders of record as of the close of business on
November 17, 2020 will be entitled to
vote at the Meeting or any adjournments or postponements thereof.
The Company plans to mail a proxy statement that describes the
proposals to be considered at the Meeting and a proxy card to
record holders on or about November 18,
2020. The proxy statement and proxy card will also be
furnished to the Securities and Exchange Commission on Form 6-K on
or about November 12, 2020.
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. In addition, the approval of the
proposals under Items 1 and 3, and a portion of the proposal under
Item 2, is required to comply with additional special
"disinterested" voting requirements as set forth in the proxy
statement.
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 December 7, 2020. 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 November 19,
2020.
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 December 17, 2020 (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 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 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
860MW, representing about 6%-8% of Israel's total current electricity
consumption;
- 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;
- Groen Gas Goor B.V. and 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;
- 75% of Ellomay Pumped Storage (2014) Ltd. (including 6.67% that
are held by a trustee in trust for us and other parties), which is
involved in a project to construct a 156 MW pumped storage hydro
power plant in the Manara Cliff, Israel.
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.
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
the Company's forward-looking statements, including the impact of
COVID-19 virus on the Company's operations and projects, including
in connection with steps taken by authorities in countries in which
the Company operates, regulatory changes, changes in the supply and
prices of resources required for the operation of the Company's
facilities (such as waste and natural gas) and in the price of oil,
changes in demand and technical and other disruptions in the
operations or construction of the power plants owned by the Company
in addition to other risks and uncertainties associated with the
Company's business that 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: hilai@ellomay.com
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SOURCE Ellomay Capital Ltd