On a corporate action affecting ordinary shares of Avangrid, Inc. (AGR)

On September 26, 2024, shareholders of Avangrid, Inc. approved a merger agreement with Iberdrola, S.A. under which Iberdrola, S.A. will acquire Avangrid, Inc. Avangrid, Inc. shareholders will to receive $35.75 in cash per share of Avangrid, Inc. that they own. The transaction is expected to close in the fourth quarter of 2024. For more details, please, refer to the company’s website.

ITS Ltd. will publish separate notices on the procedures undertaken by ITS Ltd. to process this corporate action outlining how trading in these qualified investments will be carried out.