TEL-AVIV, Israel, Aug. 12, 2021 /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 August 12, 2021
(the "AGM"), the following proposals were adopted and
approved by the required majority (including the special majority
required in connection with proposals 2-5):
- Reelection of Shlomo Nehama, Ran
Fridrich, Anita Leviant and
Ehud Gil as directors;
- Approval of an amended compensation policy for the Company's
officers and directors;
- Approval of an Amended and Restated Management Services
Agreement among the Company, Meisaf Blue & White Holdings Ltd.,
Kanir Joint Investments (2005) LP and Keystone R.P. Holdings and
Investments Ltd.;
- Approval of grant and extension of indemnification undertaking,
which includes an undertaking to provide liability insurance, to
office holders who are deemed to be controlling shareholders;
- Approval of grant and extension of an exemption to office
holders who are deemed to be controlling shareholders; and
- Reappointment of Somekh Chaikin, a member of KPMG
International, as the independent auditors of the Company for the
fiscal year ending December 31, 2021
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 July
1, 2021.
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 owns a photovoltaic plant with a
peak capacity of 300MW in the municipality of Talaván, Cáceres,
Spain;
- Groen Gas Goor B.V., Groen Gas Oude-Tonge B.V. and Groen Gas
Gelderland B.V., project companies operating anaerobic digestion
plants in the Netherlands,
with a green gas production capacity of approximately 3 million,
3.8 million and 9.5 million (with a license to produce 7.5 million)
Nm3 per year, respectively;
- 83.333% of Ellomay Pumped Storage (2014) Ltd., which is
involved in a project to construct a 156 MW pumped storage hydro
power plant in the Manara Cliff, Israel.
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