Premier Energy Group Announces Pricing and Allocation of its Initial Public Offering

Premier Energy PLC has announced today the pricing of the initial public offering (the IPO) of 35,937,859 of its new and existing ordinary shares (the “Offer Shares”). Following the closing of the Offering, Premier Energy will apply for admission of the Shares to trading on the
Bucharest Stock Exchange.

The Offering has been priced at RON 19.50 per Offer Share (“the Offer Price”), implying a market capitalisation of RON 2.4 billion (EUR 489.8 million). Retail investors in Romania were entitled to a discount of 5% to the Offer Price for applications validly submitted in the first three business days of the Offer Period. The final discounted offer price for shares subscribed for under these conditions is RON 18.53 per Offer Share.
The Offering, which generated strong demand from retail and institutional investors in Romania and from international institutional investors, represents a total offering of 35,937,859 Offer Shares, amounting to 28.75% of Premier Energy’s total issued share capital. The Offering
comprises of 25,000,250 New Shares offered for subscription by the Company, 6,250,063 Existing Shares offered for sale by its main shareholder EMMA Alpha Holding Ltd and 4,687,546 Over-Allotment Shares provided by EMMA Capital.

Following the Offering, EMMA Capital continues to hold 71.25% of the shares in Premier Energy Group (assuming the sale of the Over-Allotment Shares).
The Offering consisted of a public offering to retail and institutional investors in Romania and an offering to eligible international institutional investors, with a final split between the Offering Tranches of 20% of the Offer Shares allotted to retail investors, and the remaining
80% of the Offer Shares allotted to institutional investors.

The gross proceeds of the Offering are RON 695.1 million, consisting of RON 483.5 million to the Issuer and RON 211.5 million to the Selling Shareholder (assuming the sale of the Over Allotment Shares).

In connection with the Offering, the Issuer has incurred legal and accounting fees, listing costs, commissions of the Managers and other issuance and advisory costs of approximately RON 33 million.
Settlement will take place on 20 May 2024. The Admission and start of trading on the BSE under the symbol “PE” are expected to take place on or around 27 May 2024.

“Premier Energy’s attractive investment story and considerable growth potential has been reflected in the high demand we have seen from both retail and institutional investors, in Romania and internationally. We are delighted with the success of the IPO and to be listing on the Bucharest Stock Exchange and we warmly welcome all our new shareholders. They join us for the exciting next stage in Premier Energy’s corporate development, one that I am confident will see us continue to grow the business and emerge as a regional leader in the transition to green renewable energy,” Jose Garza, Chief Executive Officer of Premier Energy Group, commented.

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