Holaluz reinforces its capital after the opportunity arises to carry out commercial procurement transactions in Spain

• Holaluz has always had a solid and sustainable business model: selling 100 percent green electricity at attractive prices to paying customers. Holaluz is capable of carrying out commercial procurement transactions in Spain, because the firm has been successful at generating a healthy and consolidated income statement and balance sheet, despite a challenging market context.
• So as to gain sufficient financial agility to undertake these acquisitions, the green energy technology company has opted to reinforce its capital. The operation for an amount of 11,368,106.96 euros is structured through subordinated financing convertible into Holaluz shares. These shares mature on December 31, 2021 at a conversion price of 13.81 euros per share.
• In further news, Holaluz continues to experience sustained growth in its customer base, with record growth figures in recent weeks.
• The Rooftop Revolution has been consolidated, reaching 6,295 managed facilities as of September 30, 2021. Holaluz also has 378,202 clients and has a representation portfolio of more than 1,630 MW. In the third quarter of 2021 – despite it being a summer period, in which historical maximum prices were successively set in the wholesale spot electricity market – the company has grown by more than 27,000 net customers.
• Holaluz reiterates its objectives that by the end of 2023 it will have one million customers, 50,000 photovoltaic managed installations, and 1,000 MW in representation (in terms of representation, the objective is currently more than 60 percent complete).

Barcelona, September 30, 2021: Holaluz, the green energy technology company that has been listed on BME Growth since November 2019, opts to reinforce its capital and gain sufficient financial agility to undertake commercial procurement transactions. The operation is structured through subordinated financing convertible into Holaluz shares for an amount of 11,368,106.96 euros. These shares mature on December 31, 2021 at a conversion price of 13.81 euros per share.

The main characteristics of the operation are:

• The lenders are two investors from the European Union, each of whom will hold less than 5 percent of Holaluz’s capital. The operation will be made on October 4, 2021, and an interest rate of 1.00 percent per year will be applied.
• Within the framework of the capital increase, the convertible financing share issue rate will be 13.81 euros per share. The conversion price represents a premium of 8.31% compared to the closing price of Holaluz shares in yesterday’s session.
• With a date of no later than December 31, 2021, and subject to the approval by the Holaluz General Shareholders’ Meeting, the loans will be converted into Holaluz ordinary shares, of the same class and with the same rights as those currently in circulation. (The ordinary shares currently in circulation represent 4 percent of Holaluz’s share capital. After the present capital reinforcement this percentage will drop to 3.85 percent). The founding partners of Holaluz, Axon Capital, and Geroa Pentsioak E.P.S.V. de Empleo, have committed to vote in favour of the capital increase.

Holaluz in figures

The green energy technology company continues to experience sustained growth in its customer base, with record growth figures in recent weeks. The Rooftop Revolution has been consolidated, reaching 6,295 managed facilities as of September 30, 2021. Holaluz also has 378,202 clients and has a representation portfolio of more than 1,630 MW. In the third quarter of 2021 – despite it being a summer period, in which historical maximum prices were successively set in the wholesale spot electricity market – the company has grown by more than 27,000 net customers.

Holaluz reiterates its objectives that by the end of 2023 it will have one million customers, 50,000 photovoltaic managed installations, and 1,000 MW in representation (the final objective is currently more than 60 percent complete).