Premier Energy listed on the BVB following largest IPO by an entrepreneurial company in past 5 years

Premier Energy (symbol: PE), an electricity producer, balancer, distributor and supplier and natural gas supplier and distributor, debuts today on the Bucharest Stock Exchange (BVB), following the successful conclusion of an IPO worth RON 695 million, the largest IPO of an entrepreneurial company on the BVB, in the past 5 years. In the offering that preceded the IPO, between 8 and 15 May, 35.9 million shares were sold, of which 25 million newly issued shares, 6.25 million shares sold by the sole shareholder and 4.7 million overallocated shares.

The retail investors were allocated a 20% rate of the offer and, during the offer, placed orders of RON 1.1 billion for orders totaling 51 million shares. The company shares have been listed under the PE ticker symbol and, from now on, they may be traded by investors by means of brokers authorised for stock trading.

Radu Hanga, BVB President: ”We congratulate the entire Premier Energy team, as well as all those who brought their contribution to the success of this offer, which is one of the largest offer
made by an entrepreneurial company on the stock exchange. The listing of Premier Energy strengthens the presence of energy and utilities companies on the stock exchange, which are of
strategic importance to Romania, and, at the same time, is standing proof for the fact that the stock exchange is one of the main financing channels for companies with ambitious plans. We are
pleased to see once more that the retail investors have sustained a high interest, which reasserts the potential of our capital market and the fact that the Romanians come to embrace more and
more the idea of investing in stocks.”

Adrian Tănase, BVB CEO: ”These days, the Bucharest Stock Exchange has been once again in the limelight due to the offering made by Premier Energy, whose shares shall be traded on the Stock Exchange as of today. The success of the offer repositioned Romania to the front burner on the map of institutional investors and the high interest from retail investors shows, once again,
that the investors in Romania have a high appetite for investments in the companies listed on the BVB. We are convinced that this offer will also add to the increase in the number of stock investors which has tripled in the past five years, to almost 200.000. After 2023, a year with very good results for the BVB and a performance that exceeded the markets in the region, a new issuer on the stock exchange, such as Premier Energy, makes us confident in the future of the capital market in Romania.”

Jose Garza, CEO Premier Energy: “The listing on the Bucharest Stock Exchange marks a historic moment for Premier Energy and reflects investor confidence in our sustainable growth strategy. The funds raised through this IPO will allow us to accelerate our investments in renewable energy and expand our operations in Romania and the Republic of Moldova, thereby contributing to the energy transition in the region.”

Peter Stohr, CFO of Premier Energy: “The success of this IPO is a clear demonstration of the robust investor interest in the energy sector in the region. With the proceeds, we will primarily
focus on continuing to grow our renewable electricity generation and balancing capacity within our vertically integrated platform. We have high confidence that this listing will bring significant
benefits to the company, our shareholders and the communities we serve.”

Bogdan Câmpianu, Managing Director, WOOD & Company: “We are very honored to have taken part in a new successful IPO held on the Bucharest Stock Exchange and, thus, to an important
milestone in the evolution of Premier Energy. The listing of Premier Energy represents a new step in the development of the capital market in Romania and we are convinced that this success will inspire and give confidence to other outstanding companies to take this step in the next period. We are confident that for Premier Energy today marks the beginning of a new period of remarkable results and developments and we wish the company success at the beginning of this journey.”

The Premier Energy Group is one of the fastest growing vertically integrated energy infrastructure players in Southeastern Europe. The Group has over 1,000 MW of renewable electricity generation capacity either owned, managed or under development in Romania and Moldova together with one of the fastest growing renewable electricity supply businesses in Romania and Moldova. In Romania, the Group is the third largest natural gas distributor and supplier in terms of volumes and network size with over 150,000 consumption sites. In Moldova, the Group is the largest distributor with almost one million consumption points and the largest electricity supplier with more than 840,000 customers representing about 70% of the population of Moldova.

Together with the recently completed CEZ Vânzare acquisition in Romania, the Group serves approximately 2.4 million electricity and natural gas customers in Romania and Moldova, the vast majority of which are small households and businesses.

The Group’s business strategy is aligned with the UN Sustainable Development Goals with a focus on the European Green Pact initiatives, which are the EU’s proposals to implement appropriate transport energy climate and taxation policies to reduce net greenhouse gas emissions by at least 55% by 2030, with clear ESG guidelines and policies. According to information in the listing prospectus, the amount raised will be used for the acquisition of renewable energy production assets in Romania and the Republic of Moldova, as well as for capital expenditure for the development of renewable energy generation assets.