Acquisition

Electricity North West Limited

22 October 2024

 

THIS ANNOUNCEMENT RELATES TO THE DISCLOSURE OF INFORMATION THAT QUALIFIED OR MAY HAVE QUALIFIED AS INSIDE INFORMATION WITHIN THE MEANING OF ARTICLE 7(1) OF THE MARKET ABUSE REGULATION (EU) 596/2014 AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018 (AS AMENDED, THE EUWA).

22 October 2024

Acquisition of an interest of 88% of the share capital of North West Electricity Networks (Jersey) Limited

Electricity North West Limited (the "Company") has been informed that 85.6% of the share capital of North West Electricity Networks (Jersey) Limited ("NWEN J") has today been acquired by Scottish Power Energy Networks Holdings Limited (the "Acquirer"), a subsidiary of Iberdrola S.A.. The Acquirer also subscribed in new shares of NWEN J to bring their overall ownership stake to 88%. NWEN J indirectly owns 100% of the Company.

Any queries should be directed to Electricity North West's press office by email at [e-mail]

Address: Electricity North West Limited, Borron Street, Stockport, SK1 2JD

Phone: [phone]

This announcement is released by the Company and contains information that qualified or may have qualified as inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law by virtue of the EUWA (UK MAR), encompassing information relating to the Issuer described above. For the purposes of UK MAR and the Implementing Technical Standards, this announcement is made by Joe Stone, Head of Treasury and Corporate Finance.

DISCLAIMER - INTENDED ADDRESSEES

This announcement is a communication to the market. Nothing in this announcement constitutes an offer of securities for sale in the United States or any other jurisdiction. This announcement does not constitute a prospectus or a prospectus equivalent document. This announcement has been delivered to you on the basis that you are a person into whose possession this announcement may be lawfully delivered in accordance with the laws of the jurisdiction in which you are located and you may not, nor are you authorised to, deliver this announcement to any other person. The distribution of this announcement in jurisdictions other than the United Kingdom may be restricted by law and therefore persons into whose possession this announcement comes should inform themselves about, and observe, such restrictions. Any failure to comply with the restrictions may constitute a violation of the securities laws of any such jurisdiction.

 

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