The forward sale agreement relates to 1,744,549 shares of common stock

Davis Polk advised the forward purchaser and forward seller, in connection with the execution of a forward sale agreement relating to an aggregate of 1,744,549 shares of Spire Inc.’s common stock in connection with Spire Inc.’s existing at-the-market offering program. In connection with the offering, the underwriter, was granted an option to purchase up to 261,682 additional shares of common stock. In connection with the forward sale agreement, the forward seller borrowed an aggregate of 1,744,549 shares of Spire, Inc.’s common stock from third parties and sold these shares to the underwriter.

Spire has three segments. The gas utility segment is its core business and comprises the operations of Spire Missouri, Spire Alabama and the subsidiaries of Spire Energy South. The gas marketing segment includes Spire Marketing Inc., which provides non-regulated natural gas services throughout the United States. The midstream segment includes Spire Storage and Spire STL Pipeline, which are subsidiaries engaged in the storage and transportation of natural gas.

The Davis Polk equity derivatives team included partner Mark J. DiFiore and associate Stockton Bullitt. All members of the Davis Polk team are based in the New York office.

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