The extraordinary general meeting of shareholders of Energa decided to: increasing the company's share capital by PLN 3.01 billion to PLN 7.5 billion – the company announced in a statement on Thursday. These PLN 3 billion are the nominal price of the shares, but the issue price will be higher.
The capital increase is to be carried out through the issue of CC series shares while retaining the pre-emptive rights for current shareholders. This means that a pre-emptive right will be issued for each share, which can then be used to subscribe for new shares. Unused subscription rights can be subscribed for in an additional subscription.
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The main shareholder owning as much as 92.3 percent shares are Orlenso the fuel giant will play the role of financing the emissions. It will not be possible without Orlen, and since Orlen's representatives passed the resolution at the general meeting, it means that the company intends to acquire new shares.
Issue price of new Energa shares
The issue price of the new CC series shares is PLN 18.50 per share. At this price the total value of the issue will be PLN 5.1 billion.
PLN 18.50 is slightly lower than Energa's shares were quoted on Thursday, when, after an increase of 0.3%. reached the exchange rate of PLN 18.78.
The Meeting also approved the new uniform text of the statute, taking into account the capital structure after the changes.
What does Energa need money for?
By 2035, Energa planned to spend as much as PLN 40 billion on investments in ten years. The planned works include construction over 11 thousand km new power lines, 7 thousand km cable lines and modernization nearby 10 thousand km existing lines, but also the construction and modernization of transformer stations (including over 90 HV stations in 2025–2028).
The company also planned to build new renewable energy sources and build energy storage facilities, ultimately with a capacity of 1.4 GW. Financing will partially come from a low-interest loan from KPO (PLN 9.4 billion). This year, it is also planned to launch large gas units at power plants in… Grudziadz (560 MW) and Ostrołęka (745 MW).
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According to estimated data, Energa made profit in the fourth quarter of last year. PLN 333 million on a clean basis, and PLN 1.5 billion in the entire year 2025. If these data were confirmed after the audit, it would be a historic record for the company. The previous record was in 2021, when it earned net PLN 968 million, and a year later it was PLN 967 million.
The Energa Group is one of the four largest energy groups operating in Poland. Its distribution network currently has 200,000. km, covering approximately 1/4 of the country and serving approximately 3.4 million customers. Since 2020, the Energa Group has been part of the Orlen Group.
