Everfuel A/S: Cancellation of subsequent offering
NOT FOR DISTRIBUTION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES OF AMERICA, AUSTRALIA, CANADA, HONG KONG OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL.
Herning, Denmark, 24 April 2023: Reference is made to the stock exchange announcement made by Everfuel A/S (the "Company") on 9 March 2023 regarding the successful completion of a private placement of 8,279,960 new shares at a price of NOK 34.00 per share, raising gross proceeds of approximately NOK equivalent of EUR 25 million (the "Private Placement"). In the announcement, it was stated that the Company's board of directors would consider carrying out a subsequent offering directed towards eligible shareholders of up to 2,000,000 new shares at the same subscription price as in the Private Placement (the "Subsequent Offering").
The Company's board of directors has resolved not to proceed with the Subsequent Offering.
The background for the cancellation is that the Company's shares, since completion of the Private Placement, have traded below the subscription price in the Private Placement for a substantial period of time and at significant volumes. Existing shareholders wishing to reduce the dilutive effect of the Private Placement have thus had the opportunity to purchase shares in the market at prices below the price which would have been the subscription price in the Subsequent Offering.
For additional information, please contact:
Jacob Krogsgaard, CEO, Everfuel, +45 2871 8945
Mads Tirsgaard Mortensen, Investor Relations Manager, Everfuel, mm@everfuel.com, +45 77 30 47 27
ABOUT EVERFUEL | www.everfuel.com
Everfuel is making green hydrogen for zero emission industry and mobility commercially available across Europe, offering competitive all-inclusive hydrogen supply and fuelling solutions. We own and operate green hydrogen infrastructure and partner with industry and vehicle OEMs to connect the entire hydrogen value chain and seamlessly provide hydrogen fuel to enterprise customers under long-term contracts. Green hydrogen is a 100% clean energy carrier made from renewable solar and wind power and key to decarbonising industry and transportation in Europe. We are an ambitious, rapidly growing company, headquartered in Herning, Denmark, and with activities in Norway, Denmark, Sweden, The Netherlands, Germany and Belgium, and a plan to grow across Europe. Everfuel is listed on Euronext Growth in Oslo under EFUEL.
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.