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Orrön Energy AB (LNEGY) reports developments in renewable power generation, project sales, and greenfield energy development. The company is an independent, publicly listed renewable energy business within the Lundin Group of Companies, with cash-flow-generating assets in the Nordics and growth opportunities in the Nordics, the UK, Germany, and France.
Recurring updates cover proportionate power generation, realised electricity prices, solar project disposals, grid connections, municipal approvals, and battery or solar development milestones. Company news also includes annual and quarterly financial reports, shareholder meetings, dividend resolutions, board remuneration, ESG metrics, EU Taxonomy alignment, and other governance matters.
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Orrön Energy AB has released its report detailing payments made to governments in 2022. This comprehensive overview highlights the company's financial contributions and is available for download at www.orron.com. As an independent renewable energy company, Orrön Energy is part of the Lundin Group and focuses on cash-generating assets in the Nordics while pursuing growth opportunities in Europe. The company is well-positioned for future growth, backed by significant financial capacity and experienced management.
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Orrön Energy AB has announced its Annual General Meeting (AGM) set for 4 May 2023, at Södra Teatern, Stockholm. Shareholders can vote in person, through a proxy, or by postal voting, with deadlines for registration and voting set for 27 April 2023. The agenda includes key items such as the election of board members, approval of financial statements, and a proposal for a long-term incentive plan (LTIP) involving 7 million share options for management. The meeting will also address the issuance of up to 7.35 million warrants to secure obligations under the LTIP, permitting the board to authorize new share issues up to 28.5 million shares, potentially leading to a 10% dilution.