Emera Incorporated Announces Results of Series A and Series B First Preferred Shares Conversion

8 months ago 15

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HALIFAX, Nova Scotia — Emera Incorporated (“Emera” oregon the “Company”) (TSX/NYSE: EMA) announces that it has provided announcement to the holders of its Cumulative 5-Year Rate Reset First Preferred Shares, Series A (the “Series A Shares”) and to the holders of its Cumulative Floating Rate First Preferred Shares, Series B (the “Series B Shares”) that 1,300 of its 4,866,814 issued and outstanding Series A Shares were tendered for conversion, connected a one-for-one basis, into Series B Shares and that 569,430 of its 1,133,186 issued and outstanding Series B Shares were tendered for conversion, connected a one-of-one basis, into Series A Shares.

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Emera has besides notified holders of its Series A Shares and Series B Shares, aft having taken into relationship each shares tendered for conversion by holders of its Series A Shares and Series B Shares, arsenic the lawsuit whitethorn beryllium (collectively, the “Holders”), by the July 31, 2025 deadline for conversion notices, the Company has determined that determination would beryllium outstanding connected August 15, 2025 (the “Conversion Date”) little than 1,000,000 Series B Shares. Therefore, successful accordance with definite conditions acceptable retired successful the Company’s prospectus supplement dated May 26, 2010, to the Company’s abbreviated signifier basal support prospectus dated May 19, 2010 (collectively, the “Prospectus”), the Company has advised the Holders that nary Series A Shares volition beryllium converted into Series B Shares and each remaining Series B Shares volition automatically beryllium converted into Series A Shares connected a one-for-one ground connected the Conversion Date.

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Emera further announces that it volition person 6,000,000 Series A Shares issued and outstanding aft conversion connected August 15, 2025. The Series A Shares volition proceed to beryllium listed connected the Toronto Stock Exchange (“TSX”) nether the awesome EMA.PR.A. The Series B Shares volition nary longer beryllium listed connected the TSX aft the Conversion Date.

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Holders of Series A Shares volition person the accidental to person their shares again connected August 15, 2030, and each 5 years thereafter arsenic agelong arsenic the shares stay outstanding. For much accusation connected the presumption of, and risks associated with, an concern successful Series A Shares and Series B Shares, delight spot the Company’s Prospectus, which is disposable connected SEDAR+ astatine www.sedarplus.ca.

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Forward Looking Information

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This quality merchandise contains forward-looking accusation oregon guardant looking statements wrong the meaning of applicable securities laws (collectively, “forward-looking information”), including without limitation, statements astir Series A Shares and Series B Shares. By its nature, forward-looking accusation requires Emera to marque assumptions and is taxable to inherent risks and uncertainties. These statements bespeak Emera management’s existent beliefs and are based connected accusation presently disposable to Emera management. There is simply a hazard that predictions, forecasts, conclusions and projections that represent forward-looking accusation volition not beryllium to beryllium accurate, that Emera’s assumptions whitethorn not beryllium close and that existent results whitethorn disagree materially from those expressed oregon implied by specified forward-looking information. The forward-looking accusation successful this quality merchandise is made lone arsenic of the day of thereof, and Emera disclaims immoderate volition oregon work to update oregon revise immoderate specified forward-looking information. Additional elaborate accusation astir these assumptions, risks and uncertainties is included successful Emera’s securities regulatory filings, including nether the heading “Enterprise Risk and Risk Management” successful Emera’s yearly Management’s Discussion and Analysis, and nether the heading “Principal Financial Risks and Uncertainties” successful the notes to Emera’s yearly and interim fiscal statements, which tin beryllium recovered connected SEDAR+ astatine www.sedarplus.ca oregon connected EDGAR astatine www.sec.gov.

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About Emera

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Emera (TSX/NYSE: EMA) is simply a starring North American supplier of vigor services headquartered successful Halifax, Nova Scotia, with investments successful regulated electrical and earthy state utilities, and related businesses and assets. The Emera household of companies delivers safe, reliable vigor to astir 2.6 cardinal customers successful Canada, the United States and the Caribbean. Our squad of 7,600 employees is committed to our intent of energizing modern beingness and delivering a cleaner vigor aboriginal for all. Emera’s communal and preferred shares are listed and commercialized connected the Toronto Stock Exchange and its communal shares are listed and commercialized connected the New York Stock Exchange. Additional accusation tin beryllium accessed astatine www.emera.com, connected SEDAR+ astatine www.sedarplus.ca and connected EDGAR astatine www.sec.gov.

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