TEL AVIV, Israel, Dec. 9, 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 it
will hold an extraordinary general meeting of shareholders (the
"Meeting") at the Company's offices at 18 Rothschild
Boulevard, 1st Floor, Tel
Aviv 6688121, Israel, on
Thursday, January 20, 2022, at
3:00 p.m., Israel time, and thereafter as it may be
adjourned or postponed from time to time.
The agenda of the Meeting will be as follows:
- Reelection of Dr. Michael J.
Anghel an external director for a second three-year
term;
- Approval of the terms of service of Dr. Anghel as an external
director; and
- Approval of grant of options to Dr. Anghel as an external
director.
Shareholders of record as of the close of business on
December 14, 2021 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 on or
about December 16, 2021. A proxy
statement and proxy card will also be furnished to the Securities
and Exchange Commission on Form 6-K on or about December 9, 2021.
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 or via the electronic
system of the Israel Securities Authority, at the Meeting on the
matter presented for passage. In addition, the approval of the
proposals under Items 1 and 3 is also 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 January 10, 2022. 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 December 16,
2021.
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 11:00 a.m.,
Israel time, on January 20, 2022 (four hours prior to the
Meeting), to be counted for the Meeting, or through the electronic
system of the Israel Securities Authority until six hours prior to
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 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 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 Rubenbach (Weintraub)
CFO
+972 (3) 797-1111
hilai@ellomay.com
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SOURCE Ellomay Capital Ltd.