PPL said it entered into an Equity Distribution Agreement on February 14, 2025 with the Sales Agents, under which it may sell up to $2.0 billion of common stock from time to time at aggregate gross sales price.

1. 01

   PPL said it entered into an Equity Distribution Agreement on February 14, 2025 with the Sales Agents, under which it may sell up to $2.0 billion of common stock from time to time at aggregate gross sales price.

2. 02

   The company said it may enter into Forward Agreements based on Master Forward Confirmations under the Equity Distribution Agreement, with each Forward Purchaser selling borrowed shares through a Forward Seller.

3. 03

   PPL said Forward Seller commissions will not exceed 2.0% of the gross sales price of borrowed shares. It said it does not expect to receive proceeds from the sale of borrowed shares initially, and expects to receive them upon future physical settlement.

4. 04

   PPL said it has the right to elect cash or net share settlement of Forward Agreements in lieu of physical settlement, except in certain circumstances. It also said it intends to use any net proceeds for general corporate purposes.

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Original filing

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