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Ellomay Capital Ltd. Announces a Proposed Private Placement of Ordinary Shares to Israeli Institutional and Classified Investors for Approximately NIS 50 Million
Tel-Aviv, Israel, July 14, 2025 (GLOBE NEWSWIRE) -- Ellomay Capital Ltd. (NYSE American; TASE: ELLO) (“Ellomay” or the “Company”), a renewable energy and power generator and developer of renewable energy and power projects in Europe, USA and Israel, today announced that it received and accepted, following the approval of its Board of Directors, commitments from several Israeli institutional and classified investors to buy 926,000 ordinary shares of the Company in a private placement (the “Privat
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[{"type":"image","alt":"Ellomay Capital Ltd","displaySize":"","headline":null,"caption":"Ellomay Capital Ltd","className":"","disableSlideshowImg":false,"size":{"original":{"width":131,"height":51,"url":"https://media.zenfs.com/en/globenewswire.com/2b2ddd126bd251e16a1bccc668e15eae"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/24odj4vOr8WTekUunfmmJw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTIxMDtoPTgyO2NmPXdlYnA-/https://media.zenfs.com/en/globenewswire.com/2b2ddd126bd251e16a1bccc668e15eae","width":131,"height":51}},"lazy":false},{"type":"text","content":"Tel-Aviv, Israel, July 14, 2025 (GLOBE NEWSWIRE) -- Ellomay Capital Ltd. (NYSE American; TASE: ELLO) (“Ellomay” or the “Company”), a renewable energy and power generator and developer of renewable energy and power projects in Europe, USA and Israel, today announced that it received and accepted, following the approval of its Board of Directors, commitments from several Israeli institutional and classified investors to buy 926,000 ordinary shares of the Company in a private placement (the “Private Placement”). As a result of the Private Placement, an affiliate of Menora Mivtachim Holdings Ltd. (one of Israel’s largest institutional investors), which holds securities for the benefit of members of provident funds or pension funds, is expected to become an interested party in the Company, holding approximately 6% of the Company’s outstanding shares. ","length":857,"tagName":"p"},{"type":"text","content":"The price per share in the Private Placement was set at NIS 54 (approximately $16.3) and the gross proceeds to the Company are expected to be approximately NIS 50 million. The price per share was determined on July 9, 2025. The closing price per share on July 8, 2025 and July 9, 2025 on the Tel Aviv Stock Exchange was NIS 56.88 and NIS 58.53, respectively. The Company intends to use the net proceeds from this offering for general corporate purposes.","length":453,"tagName":"p"},{"type":"text","content":"The closing of the Private Placement is subject to the receipt of regulatory approvals, which are expected to be obtained during July 2025.","length":139,"tagName":"p"},{"type":"text","content":"The Private Placement described in this report, if made, will be made in Israel only and not to U.S. persons. The ordinary shares, if sold, will not be registered under the U.S. Securities Act of 1933, as amended, and will n...