Brief: Green Hydrogen Systems Announces Rights Issue

Green Hydrogen Systems A/S

13/06/2023 07:46

June 13 (Reuters) - Green Hydrogen Systems A/S
 GREENH.CO :
    * 19/2023 GREEN HYDROGEN SYSTEMS - RIGHTS ISSUE ANNOUNCEMENT
    * SUBSCRIPTION PRICE IS DKK 4.50 PER NEW SHARE.
    * OFFERING COMPRISES UP TO 104,296,612 NEW SHARES WITH A
NOMINAL
VALUE OF DKK 1 EACH.
    * GROSS PROCEEDS OF OFFERING WILL BE APPROXIMATELY DKK 469
MILLION
ASSUMING ALL NEW SHARES ARE SUBSCRIBED FOR IN OFFERING
    * EXISTING SHARES TRADED AFTER 14 JUNE 2023 AT 17:00 (CEST)
WILL
BE TRADED WITHOUT PRE-EMPTIVE RIGHTS
    * PRE-EMPTIVE RIGHTS CAN BE TRADED IN PERIOD COMMENCING ON
15 JUNE
2023 AT 09:00 (CEST) AND CLOSING ON 28 JUNE 2023 AT 17:00 (CEST)
    * SUBSCRIPTION PERIOD FOR NEW SHARES COMMENCES ON 19 JUNE
2023 AT
09:00 (CEST) AND CLOSES ON 30 JUNE 2023 AT 17:00 (CEST)
    * IF RESULT OF OFFERING SHOWS THAT GROSS PROCEEDS ARE LESS
THAN
DKK 225 MILLION, COMPANY EXPECTS TO WITHDRAW OFFERING
IMMEDIATELY BEFORE COMPLETION
    * IF OFFERING IS COMPLETED RAISING GROSS PROCEEDS OF DKK 225
MILLION OR MORE, COMPANY EXPECTS TO BE ABLE TO DRAW ON TWO TERM
LOANS TO BE MADE AVAILABLE BY TWO OF MAJOR SHAREHOLDERS
    * ANY PRE-EMPTIVE RIGHTS THAT ARE NOT EXERCISED DURING
SUBSCRIPTION PERIOD WILL LAPSE WITH NO VALUE

Source text for Eikon:  ID:nGNEqQxXH 
Further company coverage:  GREENH.CO 

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