Brief: Nel Says Cavendish Hydrogen Applies For Admission To Trading In Oslo

Nel ASA

31/05/2024 08:30

May 31(Reuters) - Nel ASA  NEL.OL :
    * SAYS CAVENDISH HYDROGEN ASA APPLIES FOR ADMISSION TO
TRADING ON
OSLO STOCK EXCHANGE
    * REFERENCE IS MADE TO ANNOUNCEMENTS BY NEL ASA REGARDING
POTENTIAL SPIN-OFF OF FUELING DIVISION INTO SEPARATE COMPANY,
CAVENDISH HYDROGEN ASA
    * ALTHOUGH SPIN-OFF, LISTING REMAIN ON SCHEDULE WITH REGARD
TO
LISTING BY END OF Q2 2024, NO ASSURANCE CAN BE GIVEN THAT IT
WILL BE COMPLETED
    * STILL SUBJECT TO SATISFACTION OF CERTAIN CONDITIONS,
INCLUDING
APPROVAL BY OSLO STOCK EXCHANGE, NEL'S BOARD OF DIRECTORS
RESOLVING TO DISTRIBUTE SHARES IN CAVENDISH TO SHAREHOLDERS OF
NEL AS DIVIDEND IN KIND


        
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