Atlantica announces shareholder meetings to vote on acquisition by ECP

Atlantica Sustainable Infrastructure has published a scheme circular regarding the shareholder meetings to be held to consider and vote on the proposed acquisition of Atlantica by a private limited company incorporated in England and Wales. Bidco is controlled by Energy Capital Partners, a leading investor across energy transition, electrification and decarbonization infrastructure assets, and includes a large group of institutional co-investors. As set forth in the Scheme Circular, the Atlantica shareholder meetings for the Transaction will be held in London, UK on August 8, 2024. Algonquin Power & Utilities Corp. and Liberty, which hold approximately 42.2% of Atlantica’s shares, have entered into a support agreement with Bidco pursuant to which Algonquin has agreed, subject to the terms of that agreement, to vote its shares in favor of the Transaction. The Atlantica Board of Directors unanimously recommends that Atlantica shareholders vote “FOR” each of the Transaction-related proposals at the shareholder meetings. Holders of record of Atlantica ordinary shares as of 6:30 p.m. on August 6, 2024 will be entitled to vote at the shareholder meetings. Atlantica shareholders are urged to read the Scheme Circular for more information, including how to vote at and, if applicable, attend the shareholder meetings.