In This Article:
MADRID, April 09, 2025--(BUSINESS WIRE)--
Borja Acha Besga
Secretary of the Board of Directors
OTHER RELEVANT INFORMATION
In accordance with article 227 of the Securities Market Law, ENDESA, S.A. (indistinctly, "Endesa" or the "Company") hereby discloses the following information:
Pursuant to the authorization granted by the Shareholders’ Meeting held on April 24, 2024, as part of the share buyback framework program (the "Framework Program") for a maximum monetary amount of 2,000,000,000 euros approved by the Board of Directors of Endesa on March 26, 2025 (Notice of inside information to the National Securities Market Commission with registration number 2672), the Board of Directors of Endesa, at its meeting held on April 8, 2025, approved the implementation of the second tranche of the share buyback Framework Program (the "Second Tranche") for the purpose of reducing Endesa’s share capital by retiring the own shares acquired, which will be executed in accordance with the provisions of Regulation (EU) No 596/2014 of the European Parliament and of the Council, of 16 April 2014, on market abuse, and of Commission Delegated Regulation (EU) No 2016/1052, of 8 March 2016 (the "Regulations"), and under the following terms and conditions:
| Maximum monetary amount: | 500,000,000 euros. | |
| Maximum number of shares: | 104,558,375 Endesa shares. | |
| Execution period: | The Second Tranche will commence on April 9, 2025 and will end no later than December 31, 2025 and, in all cases, when the maximum monetary amount is reached or the maximum number of shares is acquired. | |
| However, the Company may temporarily suspend execution of the Second Tranche or end it early in the event of any circumstance that so advises or requires. | ||
| Trading venue: | The purchases will be made via the Spanish electronic trading system – Continuous Market or through multilateral trading facilities (MTFs). | |
| Conditions for trading: | The shares will be purchased at market price, in accordance with the price and volume conditions set out in article 3 of Delegated Regulation (EU) No 2016/1052. | |
| In particular, no more than 25% of the average daily trading volume of Endesa shares in each trading center will be purchased on any trading day, such average daily volume corresponding to the twenty trading days prior to the date of each purchase. | ||
| Manager: | Execution will be carried out externally through a financial institution, which will make decisions concerning the timing of purchases independently. |
As already indicated on March 26, 2025, the majority shareholder of the Company, the entity Enel S.p.A., holder of 70.10% of the share capital, has stated its commitment not to participate in the Framework Program and, accordingly, not to sell Endesa shares on the market during the periods in which any tranche of the Framework Program is being executed, including this Second Tranche.