Ellomay Capital LTD - ELLO STOCK NEWS

Ellomay Capital Ltd. (NYSE American: ELLO) has announced that its subsidiary Talasol Solar S.L. successfully closed a €175 million financing agreement with European institutional lenders. The new financing replaces a previous €121 million loan, providing improved cash flow for Talasol. The financing includes a €155 million term loan for 22.5 years and a €20 million loan for 21 years, with an average fixed interest rate of approximately 3%. The restructuring is expected to enhance Talasol's annual average free cash flow by about €3 million and allow for a special dividend of approximately €31 million.

Ellomay Capital Ltd. (ELLO) held an extraordinary general meeting on January 20, 2022, where shareholders approved key proposals. These included the reelection of Dr. Michael J. Anghel as an external director for a three-year term, along with the approval of his terms of service and options grant. Ellomay focuses on renewable energy projects primarily in Israel and Europe, having invested in significant assets such as photovoltaic power plants and a large power plant in Israel. The company continues to seek new opportunities in the renewable energy sector.

Ellomay Capital Ltd. (ELLO) reported significant financial growth for the nine months ending September 30, 2021, with revenues of approximately €32.8 million, up from €6.8 million in the prior year. Key contributors include the commissioning of the Talasol PV Plant and the acquisition of the Gelderland Biogas Plant. Operating expenses rose to €11.7 million, primarily due to project developments. Despite increased revenues, the company faced a net loss of approximately €6.4 million and total comprehensive loss of €15.4 million. The successful refinancing through a €175 million agreement is anticipated to enhance shareholder distributions.

Ellomay Capital Ltd. (NYSE American: ELLO) will hold an extraordinary general meeting of shareholders on January 20, 2022, at 3:00 p.m. Israel time. Key agenda items include the reelection of Dr. Michael J. Anghel as an external director for a three-year term, approval of his service terms, and granting options. Shareholders of record as of December 14, 2021, can vote. The company will send a proxy statement and proxy card by December 16, 2021. Voting must be submitted by 11:00 a.m. on January 20, 2022.

Ellomay Capital Ltd. (NYSE American: ELLO) announced that its subsidiary, Talasol Solar, secured a €175 million Facilities Agreement with European lenders to refinance its debt. The financing consists of a €155 million term loan for 22.5 years and a €20 million loan for 21 years, aimed at repaying the current project debt of €121 million. This refinancing is expected to enhance Talasol's cash flow by approximately €3 million annually over nine years, increasing the debt service coverage ratio from 1.3 to 1.7 and enabling dividend distributions to shareholders.

Ellomay Capital Ltd. (NYSE American: ELLO) has reported the release of financial statements for Dorad Energy Ltd. for the three months ending September 30, 2021. Ellomay holds a 9.4% indirect stake in Dorad through its 50% ownership of Dori Energy. Dorad’s revenues for this quarter were approximately NIS 642.4 million, with an operating profit of about NIS 130 million. The report notes disruptions due to COVID-19 but states that the impact on Dorad has not been materially adverse. Seasonal demand fluctuations for electricity are acknowledged, highlighting that results may not be indicative of future performance.

Ellomay Capital Ltd. (NYSE: ELLO) reported significant financial growth in its unaudited results for H1 2021, with revenues of €19.5 million, up from €4.2 million in H1 2020. This growth is largely due to the Talasol PV Plant achieving preliminary acceptance and improved operational efficiency at biogas facilities. However, operating expenses rose to €7.5 million, impacted by the same projects. The company recorded a net loss of €5.8 million, compared to €4.3 million last year, and overall comprehensive loss was €10.5 million. As of September 2021, Ellomay holds €72.5 million in cash and cash equivalents.

Ellomay Capital Ltd. (NYSE American: ELLO), a renewable energy developer, reported the results from its August 12, 2021 Annual General Meeting (AGM). Key outcomes included the reelection of directors Shlomo Nehama, Ran Fridrich, Anita Leviant, and Ehud Gil, and the approval of an amended compensation policy. Additional proposals approved involved management agreements and indemnification undertakings for controlling shareholders. Furthermore, Somekh Chaikin was reappointed as the independent auditors for the fiscal year ending December 31, 2021.

Ellomay Capital Ltd. (NYSE: ELLO) announced its annual general meeting of shareholders to be held on August 12, 2021, at 2:00 p.m. in Tel Aviv, Israel. Key agenda items include the reelection of directors, approval of an amended compensation policy, and reappointment of auditors for the fiscal year ending December 31, 2021. Shareholders as of July 6, 2021, can vote at the meeting or through a proxy statement. Proposals for agenda items must be submitted by July 8, 2021. The company focuses on renewable energy projects in Israel and Europe.