REG - Elec North West Ltd - Acquisition

Iberdrola SAAnnouncement

22/10/2024 18:15

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20241022:nRSV1832Ja&default-theme=true

RNS Number : 1832J  Electricity North West Limited  22 October 2024

THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR
MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7(1) OF
THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW
BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (AS AMENDED, THE EUWA).

 

22 October 2024

 

Acquisition of an interest of 88% of the share capital of North West
Electricity Networks (Jersey) Limited

 

Electricity North West Limited (the "Company") has been informed that 85.6% of
the share capital of North West Electricity Networks (Jersey) Limited ("NWEN
J") has today been acquired by Scottish Power Energy Networks Holdings Limited
(the "Acquirer"), a subsidiary of Iberdrola S.A.. The Acquirer also subscribed
in new shares of NWEN J to bring their overall ownership stake to 88%. NWEN J
indirectly owns 100% of the Company.

 

Any queries should be directed to Electricity North West's press office by
email at pressoffice@enwl.co.uk

 

Address: Electricity North West Limited, Borron Street, Stockport, SK1 2JD

Phone: 0844 209 1957

 

This announcement is released by the Company and contains information that
qualified or may have qualified as inside information for the purposes of
Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK
domestic law by virtue of the EUWA (UK MAR), encompassing information relating
to the Issuer described above. For the purposes of UK MAR and the Implementing
Technical Standards, this announcement is made by Joe Stone, Head of Treasury
and Corporate Finance.

 

DISCLAIMER - INTENDED ADDRESSEES

 

This announcement is a communication to the market. Nothing in this
announcement constitutes an offer of securities for sale in the United States
or any other jurisdiction. This announcement does not constitute a prospectus
or a prospectus equivalent document. This announcement has been delivered to
you on the basis that you are a person into whose possession this announcement
may be lawfully delivered in accordance with the laws of the jurisdiction in
which you are located and you may not, nor are you authorised to, deliver this
announcement to any other person. The distribution of this announcement in
jurisdictions other than the United Kingdom may be restricted by law and
therefore persons into whose possession this announcement comes should inform
themselves about, and observe, such restrictions. Any failure to comply with
the restrictions may constitute a violation of the securities laws of any such
jurisdiction.

 

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  ACQMTBATMTATBLI