SANTIAGO, Chile, June 27, 2019 /PRNewswire/ -- ENEL AMÉRICAS
S.A. (NYSE: ENIA) today announced the launch of the preemptive
rights offering in connection with the capital increase approved by
the company's shareholders on April 30,
2019. Pursuant to the capital increase, the company is
authorized to issue 18,729,788,686 new shares, which are subject to
the preemptive rights offering and are to be offered for cash at a
price of US$0.162108214203236 per
share.
Each share of Enel Américas common stock held of record on
June 21, 2019 will entitle its holder
to receive 0.326003960684452 of a transferable preemptive share
right to subscribe for shares of common stock. One full preemptive
share right is required to subscribe for one new share at a
subscription price of US$0.162108214203236 per new share. Enel Américas
will accept subscriptions for whole shares only and will not issue
fractional shares or cash in lieu of fractional shares. The 30-day
subscription period for the preemptive share rights begins on
June 27, 2019 and will end on
July 26, 2019.
Citibank, N.A., as the depositary for the company's American
Depositary Shares, or ADSs, will distribute to holders of ADSs
(each representing 50 shares of common stock) transferable
preemptive ADS rights to subscribe for new ADSs at the rate of
0.326003960684452 transferable preemptive ADS rights for each ADS
held of record as of 5:00 p.m.
(New York City time) on
July 2, 2019. Fractional preemptive ADS rights will not be
distributed, and any fractional entitlements to ADS rights will be
aggregated and sold by Citibank, N.A. and the proceeds distributed
to ADS holders otherwise entitled to a fractional preemptive ADS
right. In order to subscribe for new ADSs, holders of preemptive
ADS rights must pay US$8.31 per new
ADS subscribed, which includes ADS rights agent fees of
US$0.20 per new ADS subscribed.
The preemptive ADS right subscription period will begin on
July 3, 2019 and will end at
2:15 p.m. (New York City time) on July 23, 2019. Holders of ADSs who want to sell
their transferable preemptive ADS rights must instruct Citibank,
N.A., as ADS rights agent, to sell such rights prior to
5:00 p.m. (New York City time) on July 16, 2019.
The preemptive ADS rights are expected to trade on the New York
Stock Exchange under the symbol "ENIA RT". Trading of the
preemptive ADS rights is expected to commence on June 28, 2019 on a "when-issued" basis and
continue until July 19, 2019.
Following the initial 30-calendar-day statutory preemptive
rights offering period in Chile,
to the extent that there are newly authorized shares of common
stock not subscribed during the statutory preemptive rights
offering period, Enel Américas intends to distribute only to those
shareholders, ADS holders and transferees of preemptive share
rights and preemptive ADS rights who exercised their preemptive
rights in the statutory preemptive rights offering period, in
proportion to the number of new shares subscribed by them in the
statutory preemptive rights offering period (including in the form
of ADSs), additional transferable rights to subscribe for the
remaining shares of common stock (including in the form of ADSs)
authorized in the capital increase and not subscribed in the
preemptive rights offering period (subject to reduction to the
extent necessary in order not to substantially exceed the
US$3.0 billion limit of the capital
increase authorized by Enel Américas' shareholders) during a
subsequent subscription rights offering period (currently expected
to be 24 calendar days in Chile). The subsequent subscription
rights offering period will commence shortly after the settlement
of the statutory preemptive rights offering, and the additional
rights will be subject to the same subscription price and certain
other terms and conditions as those of the statutory preemptive
rights offerings. Citibank, N.A. will distribute the
additional ADS rights to eligible ADS holders in connection with
the subsequent rights offering.
The additional ADS rights are expected to trade on the New York
Stock Exchange under the symbol "ENIA RT".
The shares of Enel Américas common stock to be offered in the
rights offerings have been registered in Chile with the Financial Market Commission, or
the CMF. A registration statement on Form F‑3 relating to these
securities offered in the United
States in the rights offerings and a prospectus supplement
to the prospectus contained in such registration statement have
been or will be filed with the U.S. Securities and Exchange
Commission (the "SEC").
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any security and does not
constitute an offer, solicitation or sale in any jurisdiction in
which such offering would be unlawful, nor shall there be any sale
of these securities in any state or jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of such state or
jurisdiction.
Contact Information
For further information, please contact:
Investor Relations Department
Email: ir.enelamericas@enel.com
Tel. +56 2 2353 4400
Address: Santa Rosa 76, Santiago, Chile
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SOURCE Enel Américas