Ellomay Capital Announces Results of 2025 Annual General Meeting of Shareholders

Rhea-AI Summary

Ellomay Capital (NYSE American: ELLO) reported results of its Annual General Meeting held on October 23, 2025. Shareholders approved the reelection of four directors (Ben Sheizaf, Ran Fridrich, Anita Leviant, Ehud Gil) and an increase in the authorized share capital with related amendments to the Articles and Memorandum. The AGM also approved directors and officers liability insurance, updated employment terms and a bonus payment to Asaf Nehama (son of a controlling shareholder), and reappointed Somekh Chaikin (KPMG member) as independent auditors for the fiscal year ending December 31, 2025.

Positive

• Board reelected four directors on October 23, 2025
• Approval to increase the company's authorized share capital
• Board approved directors and officers liability insurance
• Reappointment of Somekh Chaikin as auditors through Dec 31, 2025

Negative

• Approved employment terms and bonus for a related party (Asaf Nehama)
• Authorized share capital increase may change future capital structure

Tel-Aviv, Israel, Oct. 23, 2025 (GLOBE NEWSWIRE) -- Ellomay Capital Ltd. (NYSE American; TASE: ELLO) (“Ellomay” or the “Company”), a renewable energy and power generator and developer of renewable energy and power projects in Europe, Israel and USA, today announced that at the annual general meeting of the Company’s shareholders, held on October 23, 2025 (the “AGM”), the following proposals were adopted and approved by the required majority (including the special majority required in connection with proposals 3 and 4):

1. Reelection of Ben Sheizaf, Ran Fridrich, Anita Leviant and Ehud Gil as directors;
   
   
2. Approval of an increase in the authorized share capital of the Company and related amendments to the Company’s Articles of Association and Memorandum of Association and of an amendment to Article 44.3 of the Company’s Articles of Association;
   
   
3. Approval of purchase of directors and officers liability insurance policy;
   
   
4. Approval of updated terms of employment of, and payment of bonus to, Asaf Nehama, the son of Shlomo Nehama, one of the Company’s controlling shareholders; and
   
   
5. Reappointment of Somekh Chaikin, a member of KPMG International, as the independent auditors of the Company for the fiscal year ending December 31, 2025 and until the next annual general meeting of the Company’s shareholders, and authorization of the Board of Directors of the Company to set their remuneration in accordance with the volume and nature of their services, or to delegate such power to the Audit Committee.
   

For more information, please see the Company’s Notice and Proxy Statement relating to the AGM, submitted on Form 6-K to the Securities and Exchange Commission on September 12, 2025.

About Ellomay Capital Ltd.

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”. Since 2009, Ellomay focuses its business in the renewable energy and power sectors in Europe, the USA and Israel.

To date, Ellomay has evaluated numerous opportunities and invested significant funds in the renewable, clean energy and natural resources industries in Israel, Italy, Spain, the Netherlands and Texas, USA, including:

• Approximately 335.9 MW of operating solar power plants in Spain (including a 300 MW solar plant in owned by Talasol, which is 51% owned by the Company) and 51% of approximately 38 MW of operating solar power plants in Italy;
• 16.875% indirect interest in Dorad Energy Ltd., which owns and operates one of Israel’s largest private power plants with production capacity of approximately 850 MW;
• Groen Gas Goor B.V., Groen Gas Oude-Tonge B.V. and Groen Gas Gelderland B.V., project companies operating anaerobic digestion plants in the Netherlands, with a green gas production capacity of approximately 3 million, 3.8 million and 9.5 million Nm3 per year, respectively;
• 83.333% of Ellomay Pumped Storage (2014) Ltd., which is involved in a project to construct a 156 MW pumped storage hydro power plant in the Manara Cliff, Israel;
• 51% of solar projects in Italy with an aggregate capacity of 160 MW that commenced construction processes;
• Solar projects in Italy with an aggregate capacity of 134 MW that have reached “ready to build” status; and
• Solar projects in the Dallas Metropolitan area, Texas, USA with an aggregate capacity of approximately 27 MW that are connected to the grid and additional 22 MW that are awaiting connection to the grid.
  

For more information about Ellomay, visit http://www.ellomay.com.

Contact:
Kalia Rubenbach (Weintraub)
CFO
Tel: +972 (3) 797-1111
Email: hilai@ellomay.com

FAQ

What did Ellomay Capital approve at the October 23, 2025 AGM (ELLO)?

Shareholders approved director reelections, an increase in authorized share capital, D&O insurance, related-party employment terms and bonus, and reappointment of auditors.

Who was reelected to Ellomay Capital's board at the ELLO AGM on October 23, 2025?

Ben Sheizaf, Ran Fridrich, Anita Leviant and Ehud Gil were reelected as directors.

Did Ellomay Capital approve any related‑party payments at the ELLO AGM?

Yes. The AGM approved updated employment terms and a bonus payment to Asaf Nehama, identified as the son of a controlling shareholder.

Will Ellomay Capital keep the same auditors for fiscal year ending December 31, 2025 (ELLO)?

Yes. Somekh Chaikin, a KPMG member firm, was reappointed as independent auditors through December 31, 2025.

What corporate governance changes did ELLO shareholders approve on October 23, 2025?

Shareholders approved amendments to the Articles and Memorandum connected to an increase in authorized share capital and an amendment to Article 44.3.