(Ellomay, 11.Dec.2023) — Ellomay Capital Ltd. (NYSE American: ELLO) (TASE: ELLO), a renewable energy and power generator and developer of renewable energy and power projects in Europe, USA and Israel, announced that at the annual general meeting of the company’s shareholders, held on 11 Dec. 2023 (the “AGM“), the following proposals were adopted and approved by the required majority (including the special majority required in connection with proposals 2, 3, 5, 6, 7, 8, 9 and 10):
- Reelection of Shlomo Nehama, Ran Fridrich, Anita Leviant and Ehud Gil as directors;
- Reelection of Daniel Vaknin as an external director for a second three-year term;
- Election of Dorit Ben Simon as an external director for a first three-year term;
- Approval of the terms of service the external directors and update to the terms of service of non-executive directors;
- Approval of grant of options to the external directors;
- Approval of terms of service of Ehud Gil, a member of the Board of Directors;
- Approval of grant of options to Ehud Gil, a member of the Board of Directors;
- Approval of extension of an exemption previously provided to Ehud Gil, a member of the Board of Directors;
- Approval of an updated compensation policy for the Company’s officers and directors;
- Approval of update to terms of employment of Asaf Nehama, the son of Shlomo Nehama, the company’s Chairman of the Board and a controlling shareholder; and
- Reappointment of Somekh Chaikin, a member of KPMG International, as the independent auditors of the company for the fiscal year ending 31 Dec. 2023 and until the next annual general meeting of the company’s shareholders, and authorization of the Board of Directors to approve, following the approval of the Audit Committee, the remuneration of the independent auditors in accordance with the volume and nature of their services.
For more information, please see the company’s Notice and Proxy Statement relating to the AGM, submitted on Form 6-K to the Securities and Exchange Commission on 2 Nov. 2023.
About Ellomay Capital Ltd.
Ellomay is an Israeli based company whose shares are registered with the NYSE American and with the Tel Aviv Stock Exchange under the trading symbol “ELLO”. Since 2009, Ellomay Capital focuses its business in the renewable energy and power sectors in Europe, USA and Israel.
To date, Ellomay has evaluated numerous opportunities and invested significant funds in the renewable, clean energy and natural resources industries in Israel, Italy, Spain and Texas, USA, including:
- Approximately 35.9 MW of photovoltaic power plants in Spain and a photovoltaic power plant of approximately 9 MW in Israel;
- 9.375% indirect interest in Dorad Energy Ltd., which owns and operates one of Israel’s largest private power plants with production capacity of approximately 850MW, representing about 6%-8% of Israel’s total current electricity consumption;
- 51% of Talasol, which owns a photovoltaic plant with a peak capacity of 300MW in the municipality of Talaván, Cáceres, Spain;
- Groen Gas Goor B.V., Groen Gas Oude-Tonge B.V. and Groen Gas Gelderland B.V., project companies operating anaerobic digestion plants in the Netherlands, with a green gas production capacity of approximately 3 million, 3.8 million and 9.5 million Nm3 per year, respectively;
- 83.333% of Ellomay Pumped Storage (2014) Ltd., which is involved in a project to construct a 156 MW pumped storage hydro power plant in the Manara Cliff, Israel;
- Ellomay Solar Italy One SRL and Ellomay Solar Italy Two SRL that are constructing photovoltaic plants with installed capacity of 14.8 MW and 4.95 MW, respectively, in the Lazio Region, Italy;
- Ellomay Solar Italy Four SRL, Ellomay Solar Italy Five SRL, Ellomay Solar Italy Seven SRL, Ellomay Solar Italy Nine SRL and Ellomay Solar Italy Ten SRL that are developing photovoltaic projects with installed capacity of 15.06 MW, 87.2 MW, 54.77 MW, 8 MW and 18 MW, respectively, in Italy that have reached “ready to build” status; and
- Fairfield Solar Project, LLC, Malakoff Solar I, LLC, Malakoff Solar II, LLC, that are developing photovoltaic projects with installed capacity of 13 MW, 6.5 MW and 6.5 MW, respectively, in the Dallas Metropolitan area, Texas, and have reached “ready to build” status.
____________________
