Electricité de France S.A. – Annual report – 31 December 2016
Industry: utilities
Note 50 Subsequent events (extract)
50.2 BOARD OF DIRECTORS’ MEETING HELD ON 13 FEBRUARY 2017
During its meeting held on 13 February 2017, the Board of Directors of EDF decided to carry out a capital increase with preferential subscription rights to existing shareholders for a total amount, including issue premium, of approximately 4 billion euros, as announced on 22 April 2016.
EDF intends to launch this capital increase before the end of the first quarter of 2017, subject to market conditions and after having received the visa from the French Autorité des marchés financiers (the “AMF”) on the prospectus. This transaction will be executed, after a new deliberation of the Board of Directors, in accordance with the delegation of authority which has been granted to it by the second resolution adopted at the extraordinary general meeting of the shareholders of the company held on 26 July 2016.
The French State, EDF’s largest shareholder, has committed to subscribe for new shares in an amount of 3 billion euros out of the total amount of approximately 4 billion euros.
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