Atlantica Sustainable Infrastructure Commences Review of Strategic Alternatives
February 21, 2023 –Atlantica Sustainable Infrastructure plc (“Atlantica” or the “Company”) today announced that its board of directors has commenced a process to explore and evaluate
potential strategic alternatives that may be available to Atlantica to maximize shareholder value.
The Company believes it has attractive growth and other opportunities in front of it and is committed to ensuring that its diversified portfolio of assets and growth platform is best
positioned to take advantage of those opportunities.
The decision of Atlantica’s board of directors to explore strategic alternatives has the support of the Company’s largest shareholder, Algonquin Power & Utilities Corp.
Atlantica expects to continue executing on its existing plans while the review of strategic alternatives is ongoing, including its current growth plan and its focus on continuing to invest in
accretive growth opportunities.
There can be no assurance that the strategic review process will lead to the approval or completion of any transaction or other strategic change. Atlantica does not currently intend to
provide any updates with respect to this process unless and until its board of directors approves a specific transaction or other strategic change or otherwise concludes the review of strategic alternatives.
Citi is acting as the Company’s financial advisor.
About Atlantica
Atlantica Sustainable Infrastructure plc is a sustainable infrastructure company that owns a diversified portfolio of contracted renewable energy, storage, efficient natural gas, electric
transmission and water assets in North & South America, and certain markets in EMEA (www.atlantica.com).
Chief Financial Officer
Francisco Martinez-Davis
E ir@atlantica.com
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Investor Relations & Communication
Leire Perez
E ir@atlantica.com
T +44 20 3499 0465
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Forward-Looking Statements
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this communication, including, without limitation, those regarding our future financial position and results of operations, our strategy, plans, objectives, goals and targets, future developments in the markets in which we operate or are
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"estimate," "expect," "guidance," "may," “plan,” "should," "strategic," “target,” or "will" or the negative of such terms or other similar expressions or terminology.
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materially from (and be more negative than) those made in, or suggested by, the forward-looking statements. Except as required by law, we do not undertake any obligation to update any forward-looking statements to reflect events or
circumstances after the date hereof or to reflect anticipated or unanticipated events or circumstances. Investors should read the section entitled "Item 3.D—Risk Factors" and the description of our segments and business sectors in the section
entitled "Item 4.B. Information of the Company—Business Overview," each in Part I of our Annual Report on Form 20-F for the year ended December 31, 2021, filed with the Securities and Exchange Commission (“SEC”), for a more complete discussion
of the risks and factors that could affect us. In particular, this communication discusses a process to explore and evaluate potential strategic alternatives. There can be no assurance that the strategic review process will lead to the approval
or completion of any transaction or other strategic change.
