Brookfield Renewable Announces Closing Date of Reorganization
Brookfield Renewable Partners L.P. (BEP) and Brookfield Renewable (BEPC) have received all necessary approvals for their previously announced reorganization plan. The arrangement will take effect before market opening on December 24, 2024. Under this reorganization, BEPC shareholders will automatically receive new class A exchangeable shares that maintain the same economic benefits and governance structure as their current investment. These New Exchangeable Shares will continue trading under the symbol 'BEPC' on both the Toronto Stock Exchange and New York Stock Exchange.
Brookfield Renewable Partners L.P. (BEP) e Brookfield Renewable (BEPC) hanno ricevuto tutte le approvazioni necessarie per il piano di riorganizzazione precedentemente annunciato. L'accordo entrer脿 in vigore prima dell'apertura del mercato il 24 dicembre 2024. Con questa riorganizzazione, gli azionisti di BEPC riceveranno automaticamente nuove azioni convertibili di classe A che mantengono gli stessi benefici economici e la struttura di governance del loro attuale investimento. Queste Nuove Azioni Convertibili continueranno a essere negoziate con il simbolo 'BEPC' sia alla Borsa di Toronto che alla Borsa di New York.
Brookfield Renewable Partners L.P. (BEP) y Brookfield Renewable (BEPC) han recibido todas las aprobaciones necesarias para su plan de reorganizaci贸n previamente anunciado. El acuerdo entrar谩 en vigor antes de la apertura del mercado el 24 de diciembre de 2024. Bajo esta reorganizaci贸n, los accionistas de BEPC recibir谩n autom谩ticamente nuevas acciones convertibles de clase A que mantienen los mismos beneficios econ贸micos y la estructura de gobernanza que su inversi贸n actual. Estas Nuevas Acciones Convertibles continuar谩n negoci谩ndose bajo el s铆mbolo 'BEPC' tanto en la Bolsa de Valores de Toronto como en la Bolsa de Valores de Nueva York.
敫岆）頃勲摐 鞛儩 鞐愲剤歆� 韺岉姼雱堨姢 L.P. (BEP)鞕赌 敫岆）頃勲摐 鞛儩 鞐愲剤歆� (BEPC)電� 鞚挫爠鞐� 氚滍憸霅� 鞛幐靹� 瓿勴殟鞐� 頃勳殧頃� 氇摖 鞀轨澑鞚� 氚涭晿鞀惦媹雼�. 鞚� 瓿勴殟鞚� 2024雲� 12鞗� 24鞚� 鞁滌灔 臧滌灔 鞝勳棎 氚滍毃霅╇媹雼�. 鞚� 鞛幐靹膘棎 霐半澕, BEPC 欤检＜霌れ潃 順勳灛 韴瀽鞕赌 霃欖澕頃� 瓴届牅鞝� 鞚挫澋瓿� 瓯半矂雱岇姢 甑“毳� 鞙犾頃橂姅 靸堧鞖� A旮� 鞝勴櫂 欤检嫕鞚� 鞛愲彊鞙茧 氚涥矊 霅╇媹雼�. 鞚� 靸堧鞖� 鞝勴櫂 欤检嫕鞚� 韱犽韱� 歃濌秾 瓯半灅靻岇櫠� 雺挫殨 歃濌秾 瓯半灅靻岇棎靹� 'BEPC' 旮绊樃搿� 瓿勳啀 瓯半灅霅╇媹雼�.
Brookfield Renewable Partners L.P. (BEP) et Brookfield Renewable (BEPC) ont re莽u toutes les approbations n茅cessaires pour leur plan de r茅organisation pr茅c茅demment annonc茅. L'arrangement prendra effet avant l'ouverture du march茅 le 24 d茅cembre 2024. Dans le cadre de cette r茅organisation, les actionnaires de BEPC recevront automatiquement de nouvelles actions convertibles de classe A qui conservent les m锚mes avantages 茅conomiques et la structure de gouvernance que leur investissement actuel. Ces Nouvelles Actions Convertibles continueront 脿 锚tre n茅goci茅es sous le symbole 'BEPC' 脿 la Bourse de Toronto et 脿 la Bourse de New York.
Brookfield Renewable Partners L.P. (BEP) und Brookfield Renewable (BEPC) haben alle erforderlichen Genehmigungen f眉r ihren zuvor angek眉ndigten Reorganisationsplan erhalten. Die Regelung tritt vor Markter枚ffnung am 24. Dezember 2024 in Kraft. Im Rahmen dieser Reorganisation erhalten BEPC-Aktion盲re automatisch neue wandelbare Stammaktien der Klasse A, die die gleichen wirtschaftlichen Vorteile und die Governance-Struktur wie ihre derzeitige Investition beibehalten. Diese neuen wandelbaren Aktien werden weiterhin unter dem Symbol 'BEPC' an der B枚rse Toronto und der B枚rse New York gehandelt.
- Successful completion of all regulatory, shareholder, and court approvals for reorganization
- Seamless transition with automatic share exchange maintaining same economic benefits
- Continuity in trading symbol and exchange listings
- None.
Insights
BROOKFIELD, NEWS, Dec. 20, 2024 (GLOBE NEWSWIRE) -- Brookfield Renewable Partners L.P. (鈥淏EP鈥�) (NYSE: BEP; TSX: BEP.UN) and Brookfield Renewable Corporation (鈥淏EPC鈥�) (TSX, NYSE: BEPC) today announced that they have now received all required shareholder, court and regulatory approvals for the previously-announced proposed reorganization of BEPC (the 鈥�Arrangement鈥�). Accordingly, the Arrangement will become effective prior to markets open on December 24, 2024.
As a result of the Arrangement, in exchange for their class A exchangeable subordinate voting shares of BEPC, BEPC shareholders will automatically receive new class A exchangeable shares (鈥�New Exchangeable Shares鈥�) that provide the same economic benefits and governance as investing in BEPC today. The New Exchangeable Shares will be listed on the Toronto Stock Exchange and New York Stock Exchange under the symbol 鈥淏EPC鈥�.
About Brookfield Renewable
Brookfield Renewable operates one of the world鈥檚 largest publicly traded platforms for renewable power and sustainable solutions. Our renewable power portfolio consists of hydroelectric, wind, utility-scale solar, distributed generation and storage facilities in North America, South America, Europe and Asia. Our operating capacity totals over 35,000 megawatts and our development pipeline stands at approximately 200,000 megawatts. Our portfolio of sustainable solutions assets includes our investments in Westinghouse (a leading global nuclear services business) and a utility and independent power producer with operations in the Caribbean and Latin America, as well as both operating assets and a development pipeline of carbon capture and storage capacity, agricultural renewable natural gas and materials recycling. Further information is available at听.听
Brookfield Renewable is the flagship listed renewable power and transition company of Brookfield Asset Management, a leading global alternative asset manager with over
Contact Information
| Media: | Investors: |
| Simon Maine | Alex Jackson |
| Managing Director | Vice President |
| Corporate Communications | Investor Relations |
| Tel: +44 739 890 9278 | Tel: +1 416 649 8196 |
| Email: simon.maine@brookfield.com | Email: alexander.jackson@brookfield.com |
| 听 | 听 |
Cautionary Statement Regarding Forward-looking Statements
This news release contains forward-looking statements and information within the meaning of applicable securities laws. The words 鈥渨ill,鈥� 鈥渆xpect鈥�, or derivations thereof and other expressions which are predictions of or indicate future events, trends or prospects and which do not relate to historical matters identify forward-looking statements. Forward-looking statements in this news release include statements regarding BEP and BEPC鈥檚 beliefs on certain benefits of the Arrangement; the anticipated closing date of the Arrangement; and the commencement of trading of the New Exchangeable Shares on the Toronto Stock Exchange and New York Stock Exchange. Although BEP and BEPC believe that these forward-looking statements and information are based upon reasonable assumptions and expectations, the reader should not place undue reliance on them, or any other forward-looking statements or information in this news release. The future performance and prospects of BEP and BEPC are subject to a number of known and unknown risks and uncertainties. Factors that could cause actual results of BEP and BEPC to differ materially from those contemplated or implied by the statements in this news release include risks and factors described in the documents filed by BEP and BEPC with securities regulators in Canada and the United States including under 鈥淩isk Factors鈥� in BEP鈥檚 and BEPC鈥檚 most recent Annual Reports on Form 20-F and other risks and factors that are described therein. Except as required by law, BEP and BEPC undertake no obligation to publicly update or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise.
FAQ
When will Brookfield Renewable's (BEP) reorganization take effect?
What will BEPC shareholders receive in the reorganization?
Will the new BEPC shares continue trading under the same symbol?
What approvals were required for Brookfield Renewable's reorganization?
