REG - ENW Finance plc - Acquisition

Iberdrola SAAnnouncement

02/08/2024 15:30

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RNS Number : 0427Z  ENW Finance plc  02 August 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).

 

02 August 2024

 

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

 

ENW Finance plc (the "Company") has been informed that the Shareholders of
North West Electricity Networks (Jersey) Limited, which indirectly holds 100%
of the share capital of the Company, have agreed certain contracts for the
purchase of approximately 88% of the share capital of North West Electricity
Networks (Jersey) Limited by Iberdrola S.A (the "Transaction").

 

Completion of the Transaction is subject to regulatory approvals[ and
completion is expected in Q4 2024.

 

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
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