Orano Announces the Completion of a Share Capital Increase of 300 Million Euros

24 Oct 2024 18:14 CEST

Regulatory News:

Orano:

The Board of Directors meeting today has confirmed the completion of the share capital increase with preferential subscription rights decided by the General Assembly on 9 October 2024, for a total amount of 299,999,952 euros, by the creation and issue of 9,146,340 new ordinary shares with a par value of 0.50 euro each and an issue premium of 32.30 euro per share.

This operation was fully subscribed and paid up in cash by the French State. At the end of the operation, the share capital of Orano is held by the French State up to 90.33% and by JNFL and MHI up to 4.83% each.

This operation demonstrates the willingness of the French state as shareholder to contribute to the implementation of the strategic plan of Orano and its development. It reflects a promising environment with new perspectives for nuclear energy in France and around the world to meet climate and sovereignty issues. The proceeds of the capital increase will contribute to financing major growth projects in nuclear activities such as the capacity extension at the Georges Besse II enrichment plant and the development of new group activities.

At the end of the Board meeting, Nicolas Maes, Chief Executive Officer, said: “This share capital increase marks an important milestone in Orano’s development. It demonstrates the confidence of the French government in executing our strategic roadmap by actively participating in the financing of our major investment and growth projects.”

About Orano

As a recognized international operator in the field of nuclear materials, Orano delivers solutions to address present and future global energy and health challenges.

Its expertise and mastery of cutting-edge technologies enable Orano to offer its customers high value-added products and services throughout the entire fuel cycle.

Every day, the Orano group’s 17,500 employees draw on their skills, unwavering dedication to safety and constant quest for innovation, with the commitment to develop know-how in the transformation and control of nuclear materials, for the climate and for a healthy and resource-efficient world, now and tomorrow.

Orano, giving nuclear energy its full value.

www.orano.group
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ORANO

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BusinessWire

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