The Offering will take place following the approval of the Prospectus by the Romanian Financial Supervisory Authority ("ASF"). The initial public offering will consist of a public offer addressed to retail and institutional investors in Romania and an offer addressed to eligible international institutional investors, by the provisions of the Prospectus. After the ASF approves the Prospectus and the successful completion of the Offering, the Company intends to apply for admission ("Admission") to trading the shares on the regulated market administered by the Bucharest Stock Exchange.
The Offering will provide investors with access to an attractive investment opportunity, listed on the stock exchange (post-admission), in the field of energy transition in Southeast Europe, offering solid growth, complemented by generous dividends and a robust approach to ESG principles.
Premier Energy Group aims to raise approximately €100 million through a capital increase excluding preferential rights, and its main shareholder, EMMA Alpha Holding Ltd. ("EMMA Capital"), intends to sell existing shares worth approximately €25 million (together "the Base Transaction"). Additionally, the Offering will also benefit from a customary over-allotment option provided by EMMA Capital of up to 15% of the Base Transaction. The final structure of the Offering will be determined close to its launch and communicated before its commencement. The Company will utilize the proceeds from the Offering to finance future growth, particularly in the renewable energy production segment. Following the IPO, EMMA Capital will continue to hold the majority of shares in Premier Energy.
The Offering could be completed in May 2024, subject to market conditions.
