Grenergy To Propose Share Capital Reduction Of Up To 700,000 Euros

Grenergy Renovables SA GRE:

• TO PROPOSE SHARE CAPITAL REDUCTION OF UP TO 700,000 EUROS

• REDUCTION VIA REDEMPTION OF UP TO 2.0 MILLION SHARES WITH PAR VALUE OF 0.35 EURO EACH, REPRESENTING UP TO 6.83% OF CURRENT CAPITAL

• REDUCTION TO BE EXECUTED, AT THE LATEST, WITHIN MONTH AFTER TERMINATION OF REPURCHASE PROGRAM