The rating agency Fitch ratings (Fitch) today confirmed the long-term credit rating of the Iren Group at "BBB" the same rating is also attributed to senior unsecured debt. At the same time, the Agency announced that it had changed the outlook on the Company to “Stable” from “Positive”.

In relation to the Ordinary Shareholders' Meeting held on 27 June 2024, Iren S.p.A. informs that the minutes and the related attachments are available to the public

The rating agency Standard & Poor's Global Ratings (S&P) today confirmed the long-term credit rating of the Iren Group at "BBB" Outlook "Stable". The same rating is also attributed to senior unsecured debt.

On 4 July 2024, in relation to the resolutions of the Shareholders' Meeting of Iren S.p.A. of 27 June 2024 with reference to point 1) of the Agenda "Appointment of a member of the Board of Directors following co-optation pursuant to art. 2386, paragraph 1, of the Civil Code: related and consequent resolutions", the Company's Board of Directors has ensured the requirements established by current legislation and the Corporate Governance Code of listed companies, according to the governance solutions adopted by Iren S.p.A., headed by Prof. Paola Girdinio, appointed Board Member by the Assembly until the approval of the financial statements as of 31 December 2024.

We inform that today ,28 June, the Sixth Civil Section - Insolvency Procedures of the Court of Turin has published the approval provision, pursuant to the Crisis Code, relating to the debt restructuring agreements concluded by EGEA Spa, EGEA PT and EGEA Commerciale with its financial creditors, its bondholders and its suppliers, as well as the tax transaction proposals formulated to the Agenzia delle Entrate and the Agenzia delle Dogane e dei Monopoli.

Today, the Ordinary Shareholders' Meeting of IREN S.p.A. approved the Financial Statements as at 31 December 2023 of IREN S.p.A., the Report on Operations and the proposed allocation of the profit for the year amounting to EUR 172,284,624.39, as resolved by the Board of Directors on 18 April 2024

The Board of Directors of Iren SpA, in today's meeting, taking into account the investigation conducted both by the Remuneration and Appointments Committee (also in its capacity as Committee for Related Party Transactions) and by the Control, Risk and Sustainability Committee, resolved the dismissal of Dr. Paolo Signorini for objective just cause, as a consequence of the objective incompatibility of the doctor's work performance. Signorini, in his capacity as Top Manager of Iren SpA, with the contingent situation that has arisen.

Confirmation of a strategic vision based on decarbonisation and the protection of resources, the high quality of services offered and strong territorial roots. Robust investment plan, based on organic investments, visible in expected returns, being mainly focused on regulated sectors, and flexible, with the possibility to modulate development investments over time. Plan investments of around 8.2 billion euros will enable a margin growth of more than 600 million euros compared to 2023, with an expected EBITDA of around 1.8 billion euros and a net profit CAGR to 2030 of +7%.

Iren SpA and the European Investment Bank (EIB) have signed a new €200 million, 18-year green-format credit line, that will be used to support the Group's sustainable investments over 2023-2027 related to electricity grid resilience projects. The investments, totalling around 330 million euros, are intended for the maintenance, upgrading and development of electricity distribution networks, as well as the installation of new smart meters in the Iren Group's historical territories such as Emilia-Romagna and Piedmont, and in particular in the municipalities of Parma, Turin and Vercelli.