Executive Board and Supervisory Board committee determine price range and offer structure for IPO of innogy SE
The Executive Board of RWE Aktiengesellschaft together with the Management Board of innogy SE with the approval of the responsible Supervisory Board committees of the companies determined the price range for shares of innogy SE to be offered in the IPO to range from Euro 32 to Euro 36. The share capital of innogy SE amounts to Euro 1,000,000,000 and is divided into 500,000,000 ordinary bearer shares with no par value. The offering consists of 55,555,000 newly issued shares from a capital increase still to be carried out. In addition, it has been determined that in the course of the IPO existing shares held by RWE Downstream Beteiligungs GmbH, a wholly-owned subsidiary of RWE Aktiengesellschaft, will be offered. The basis volume of the innogy SE shares to be sold by RWE Downstream Beteiligungs GmbH amounts to 45,455,000 shares and a potential additional volume amounts to 25,252,000 shares. In addition it has been determined that under possible stabilization measures up to 12,626,200 additional existing shares in the Company held by RWE Downstream Beteiligungs GmbH may be allotted.
As part of the offering, innogy SE shares in an aggregate investment amount of EUR 940 million from the holdings of RWE Downstream Beteiligungs GmbH will be acquired by funds and accounts under management by direct and indirect investment management subsidiaries of BlackRock, Inc., Delaware, USA (together the “Cornerstone Investors”) in a private placement. The Cornerstone Investors have agreed, subject to certain termination rights and the condition precedent of the closing of the offering, to purchase innogy SE shares at the offer price determined in the IPO. The Cornerstone Investors have been guaranteed full allocation of such number of innogy SE shares for which they have provided a purchase commitment.

The Executive Board
Disclosed by Dr. Claudia Mayfeld, Head of Group Legal & Compliance