{"id":389001,"date":"2020-11-27T07:00:19","date_gmt":"2020-11-27T12:00:19","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=389001"},"modified":"2020-11-27T07:00:19","modified_gmt":"2020-11-27T12:00:19","slug":"ellomay-capital-ltd-announces-technical-amendments-to-the-agenda-of-the-2020-extraordinary-general-meeting-of-shareholders","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ellomay-capital-ltd-announces-technical-amendments-to-the-agenda-of-the-2020-extraordinary-general-meeting-of-shareholders\/","title":{"rendered":"Ellomay Capital Ltd. Announces Technical Amendments to the Agenda of the 2020 Extraordinary General Meeting of Shareholders"},"content":{"rendered":"
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PR Newswire<\/p>\n<\/p><\/div>\n

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\n TEL AVIV, Israel<\/span>, Nov. 27, 2020<\/span> \/PRNewswire\/ — Ellomay Capital Ltd. <\/b>(NYSE American: ELLO)\u00a0(TASE: ELLO)\u00a0(“Ellomay” or the “Company”)<\/b>,\u00a0<\/b>a renewable energy and power generator and developer of renewable energy and power projects in Europe<\/span> and Israel<\/span>,\u00a0<\/b>today announced that following discussions with representatives of certain shareholders, the Company is amending the Notice of the Meeting and Proxy Statement and the proxy card for the Extraordinary General Meeting scheduled for December 17, 2020<\/span> that was announced on November 12, 2020<\/span> (the “Meeting<\/b>“), to separate the vote on the provision of an exemption and the grant of options to the external director nominee and to Mr. Ehud Gil<\/span>, a member of the Board of Directors of the Company. <\/p>\n

The provision of the exemption and the option grants to the external director nominee and Mr. Gil were previously included on the agenda of the Meeting as part of the resolution to approve their respective terms of service, and the Company is amending the Notice of the Meeting and Proxy Statement and the proxy card solely in order to enable shareholders to vote on the provision of the exemption and grant of options separately.<\/p>\n

Therefore, the amended agenda of the Meeting will be as follows:<\/p>\n

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  1. Election of Mr. Daniel Vaknin<\/span> as a new external director for an initial three-year term <\/li>\n
  2. Approval of terms of service of Mr. Daniel Vaknin<\/span>, the external director nominee; <\/li>\n
  3. Approval of grant of options to Mr. Daniel Vaknin<\/span>, the external director nominee; <\/li>\n
  4. Approval of provision of an exemption to Mr. Daniel Vaknin<\/span>, the external director nominee; <\/li>\n
  5. Approval of terms of service of Mr. Ehud Gil<\/span>, a member of the Board of Directors; <\/li>\n
  6. Approval of grant of options to Mr. Ehud Gil<\/span>, a member of the Board of Directors; and <\/li>\n
  7. Approval of provision of an exemption to Mr. Ehud Gil<\/span>, a member of the Board of Directors.<\/li>\n<\/ol>\n

    The record date for the Meeting (November 17, 2020<\/span>) and the Meeting date remain the same. The Company plans to mail an amended proxy statement and proxy card to record holders on or about November 30, 2020<\/span>. The amended proxy statement and proxy card will also be furnished to the Securities and Exchange Commission on Form 6-K on or about November 27, 2020<\/span>.<\/p>\n

    Each of the resolutions to be presented at the Meeting requires the affirmative vote of holders of at least a majority of the ordinary shares voted in person or by proxy at the Meeting on the matter presented for passage. In addition, the approval of the proposals under Items 1, 3 and 5-7 is required to comply with additional special “disinterested” voting requirements as set forth in the Proxy Statement.<\/p>\n

    \n About Ellomay Capital Ltd.<\/b>\n <\/p>\n

    Ellomay is an Israeli based company whose shares are registered with the NYSE American and with the Tel Aviv Stock Exchange under the trading symbol “ELLO”.\u00a0Since 2009, Ellomay Capital focuses its business in the renewable energy and power sectors in Europe<\/span> and Israel<\/span>.<\/p>\n

    To date, Ellomay has evaluated numerous opportunities and invested significant funds in the renewable, clean energy and natural resources industries in Israel<\/span>, Italy<\/span> and Spain<\/span>, including: <\/p>\n