Brief: Green Hydrogen Systems Secures Short-Term Loan, Plans Rights Issue

Green Hydrogen Systems A/S

20/12/2024 15:18

Dec 20 (Reuters) - Green Hydrogen Systems A/S  GREENH.CO :
    * ENTERS INTO SHORT-TERM LOAN AGREEMENT OF DKK 80 MILLION
    * LOAN TO ALLOW CO TO REALISE COMMERCIAL PROSPECTS AND SECURE FIRST ORDER(S) FOR THE
HYPROVIDE X-SERIES
    * SAYS IS IN TALKS WITH SEVERAL CUSTOMERS REGARDING HYPROVIDE X-SERIES ORDERS TO BE
CONTRACTED IN
BEGINNING OF 2025
    * NO NEW FIRM ORDERS HAVE YET BEEN COMMITTED
    * EXPECTS TO OBTAIN FIRST ORDER(S) FOR HYPROVIDE X-SERIES DURING BEGINNING OF 2025
    * TO INITIATE A RIGHTS ISSUE OF AT LEAST DKK 300 MILLION
    * SPECIFIC TERMS OF INTENDED OFFERING TO BE ANNOUNCED DURING MARCH
2025
    * A.P. MOLLER HOLDING, ATP HAVE, SUBJECT TO THE COMPANY HAVING ACHIEVED COMMERCIAL TRACTION
WITH
THE X-SERIES, INDICATED NON-BINDING INTEREST TO PARTICIPATE IN RIGHTS ISSUE

Source text:  ID:nGNE5QYYW6 
Further company coverage:  GREENH.CO 

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