Hexagon Composites ASA: Cancellation of subsequent offering
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22 September 2025: Reference is made to the stock exchange releases from Hexagon Composites ASA ("Hexagon" or the "Company") published on 16 and 17 September 2025 regarding the successful completion of a private placement of 42,014,080 new shares in the Company at a price per share of NOK 14 (the “Private Placement”) and a potential subsequent offering of up to 6,000,000 shares at the same subscription price as in the Private Placement (the “Subsequent Offering”), subject to inter alia the development of the price of the shares of the Company following the Private Placement.
The Company’s shares have since completion of the Private Placement traded below the subscription price in the Private Placement at significant volumes, and 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. The Company’s Board of Directors has therefore resolved not to proceed with the Subsequent Offering.
For more information:
David Bandele, CFO, Hexagon Composites
Telephone: +47 920 91 483 I [email protected]
About Hexagon Composites
Hexagon delivers safe and innovative solutions for a cleaner energy future. Our solutions enable storage, transportation and conversion to clean energy in a wide range of mobility and industrial applications. Learn more at hexagongroup.com and follow @HexagonASA on LinkedIn.
This information was issued as inside information pursuant to the EU Market Abuse Regulation, and was published by Ingrid Aarsnes, VP ESG & Corporate Compliance, Hexagon Composites ASA, on the date and time provided.