The company declares that after obtaining the necessary approvals, including approval from the General Meeting of Shareholders and the Board of Directors of the company Augwind’s name has been modified.
From now on, the company name is Airengy.
The company’s shares now have ARNG as their trading symbol, in compliance with Tel Aviv Stock Exchange approvals.
The company’s recent business development and the broadening of its operations are the reasons behind the name change. It symbolizes its positioning as an energy corporation that works throughout the whole value chain, including the creation, building, and management of energy storage and electricity producing facilities throughout Europe and Israel.
The company stated that the name change and the change in the trading symbol do not involve any changes in shareholders’ rights, the company’s capital structure, or its ongoing business operations.
It is a corporate step reflecting the alignment of the company’s identity with its actual activities.
Leadership Comments
Yiftah Ron-Tal, former Chairman on the Israeli Electricity Company and Chairman of the Board of Airengy, stated:
“This step reflects the maturation of the company’s activities and the strengthening of its positioning as an infrastructure energy company addressing the growing needs of advanced electricity grids.”
Tal Raz, CEO of Airengy, added:
“The name AIRENGY represents the company’s accelerated growth over recent years. This is not a cosmetic rebranding, but a reflection of our strategic transformation from a technology-focused company into a leading energy player with end-to-end control of the value chain- From origination and development through the construction and operation of strategic energy assets. We are continuing to expand our presence in the Israeli and European markets, with a strong commitment to innovation and to delivering long-term, meaningful value for our investors.”
