Brief: Nel: Potential New Fueling Company To Be Named Cavendish Hydrogen

Nel ASA

15/05/2024 11:14

May 15 (Reuters) - Nel ASA  NEL.OL :
    * THE POTENTIAL NEW FUELING COMPANY WILL BE NAMED CAVENDISH
HYDROGEN
    * ROBERT BORIN WILL ACT AS CEO, AND MARCUS HALLAND WILL ACT
AS CFO
OF CAVENDISH HYDROGEN
    * PLANS TO CONDUCT SPIN-OFF BY END OF Q2 OF 2024
    * SHARES IN CAVENDISH HYDROGEN ARE INTENDED TO BE
DISTRIBUTED TO
SHAREHOLDERS OF NEL AS DIVIDEND IN KIND
    * DECISION TO SPIN OFF AND SEPARATELY LIST CAVENDISH
HYDROGEN HAS
NOT YET BEEN CONCLUDED, AND NO ASSURANCES CAN BE GIVEN THAT IT
WILL BE COMPLETED

Source text for Eikon:  ID:nObi6t8FPa 
Further company coverage:  NEL.OL 

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