Ellomay Capital Ltd. Announces a Proposed Private Placement of Ordinary Shares to Israeli Institutional and Classified Investors for Approximately NIS 50 Million

Core Viewpoint - Ellomay Capital Ltd. has announced a private placement of 926,000 ordinary shares, which will result in an affiliate of Menora Mivtachim Holdings Ltd. becoming an interested party, holding approximately 6% of the company's outstanding shares [1][2]. Group 1: Private Placement Details - The price per share in the private placement was set at NIS 54 (approximately $16.3), with expected gross proceeds of approximately NIS 50 million [2]. - The closing prices per share on the Tel Aviv Stock Exchange were NIS 56.88 and NIS 58.53 on July 8 and July 9, 2025, respectively [2]. - The closing of the private placement is subject to regulatory approvals expected to be obtained during July 2025 [3]. Group 2: Company Overview - Ellomay Capital Ltd. is focused on renewable energy and power generation projects in Europe, the USA, and Israel since 2009 [5]. - The company has significant investments in solar power plants in Spain and Italy, as well as interests in one of Israel's largest private power plants, with a production capacity of approximately 850 MW [8]. - Ellomay is involved in various renewable energy projects, including anaerobic digestion plants in the Netherlands and pumped storage hydro power projects in Israel [8].