Neoen has successfully completed its €600 million rights issue to finance its development plan

• The Capital Increase results in the issuance of 21,393,678 new shares, with a gross final amount of c. €600 million proceeds raised
• The total demand has reached 37,350,571 new shares translating into an overall subscription rate of 174.6%, and a subscription rate on an irreducible basis (“à titre irréductible”) of 99.5%
• Following the transaction, Impala, FSP and Bpifrance hold 46.55%, 6.50% and 4.69% of Neoen’s share capital respectively and the free float amounts to 40.65% of the share capital
• The proceeds of the rights issue allow Neoen to finance the first investment cycle of its development plan targeting 10 GW of capacity in operation or under construction by 2025

Xavier Barbaro, Neoen’s Chairman and CEO, commented: “We are proud of the success of this transaction, marked both by the support of our historical shareholders, in particular Impala, FSP and Bpifrance, and by the arrival of new shareholders in our share capital. We thank all of these investors for their trust, and we are delighted to write with them a new chapter in our story: this capital increase enables us to finance the first cycle of our investment plan, and brings us closer to our target of 10 GW by 2025. We are thus taking a new decisive step and strengthening our position as a major player in renewable energies, one of the most dynamic in the world, recognized for its strong growth, its financial discipline, its innovation capabilities as well as its environmental and social exemplarity.”