REG - Hydrogen Cap Gwth - Partial Sale of Stake in Strohm

Hydrogen Capital GrowthAnnouncement

Yesterday 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20260309:nRSI8366Va&default-theme=true

RNS Number : 8366V  Hydrogen Capital Growth PLC  09 March 2026

LEI: 213800PMTT98U879SF45

 

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION UNDER THE UK MARKET ABUSE
REGULATION. UPON THE PUBLICATION OF THIS ANNOUNCEMENT, SUCH INFORMATION IS NOW
CONSIDERED TO BE IN THE PUBLIC DOMAIN

 

 

 

9 March 2026

 

 

Hydrogen Capital Growth plc

("HGEN" or the "Company" and, together with its subsidiaries, the "Group")

 

 

Partial sale of stake in Strohm

 

As part of its managed realisation strategy approved by shareholders and
adopted on 1 December 2025, the Board is pleased to announce that HGEN has
completed the sale of part of its stake in Strohm Holding B.V. ("Strohm") to
an existing investor in Strohm. This follows interest from external third
parties and other existing investors. Strohm is a Netherlands-based low-carbon
offshore pipeline manufacturer and the world's first and leading provider of
thermoplastic composite pipe ("TCP") technology.

 

The consideration of €1.5m, though at a discount to the valuation used for
the most recently announced NAV, represents the best outcome for HGEN
shareholders at this time. Following this partial sale the Company retains a
9.0% stake in Strohm.

 

The disposal provides some liquidity for HGEN as the Company continues to
focus on further disposals of the remaining assets in a suitable manner and
timeframe. Following receipt of the sale proceeds, the Group's cash position
is expected to be approximately £1.6m. The sale proceeds will be used to
satisfy upcoming payment obligations and to provide ongoing working capital
for the Company. The Board continues to closely monitor and manage the Group's
cash position.

 

The Board and Investment Manager will continue to implement the orderly
managed realisation of the Company's portfolio, seeking to achieve the optimal
outcome for shareholders. As previously announced, the Company is continuing
to explore options for the Company and its current structure, which may
include the potential for the Company to seek a delisting. A further update
will be provided in due course.

 

 

For further information, please contact:

 Shore Capital                                           Tel: +44 (0) 20 7601 6128

 Financial Adviser and Corporate Broker
 Gillian Martin / Anita Ghanekar / Matthew Walton (Corporate Advisory)

 Fiona Conroy (Corporate Broking)

 Redwheel, Investment Adviser                            Tel: +44 (0) 20 7227 6000
                                                         HGENInvestmentTrust@Redwheel.com (mailto:HGENInvestmentTrust@Redwheel.com)

 Burson Buchanan - Financial Comms                       Tel: +44 (0) 20 7466 5000

 Henry Harrison-Topham / Henry Wilson / Nick Croysdill   HGEN@buchanancomms.co.uk (mailto:HGEN@buchanancomms.co.uk)

 

This announcement contains inside information for the purposes of Article 7 of
Regulation (EU) No 596/2014, as it forms part of UK domestic law ("UK MAR").
Upon publication of this announcement, the inside information is now
considered to be in the public domain for the purposes of UK MAR. The person
responsible for arranging the release of this announcement on behalf of the
Company is Hamish Few of Apex Fund Administration Services (UK) Limited,
Company Secretary.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  UPDUPUMAWUPQPUR



            Copyright 2019 Regulatory News Service, all rights reserved