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09/2022 Green Hydrogen Systems – Capital increase following the exercise of BSA

A/S Green Hydrogen Systems

Company Announcement 09/2022

A/S Green Hydrogen Systems – Increase in capital Consequently exercise of warrants

Kolding, Denmark, July 12, 2022 – Green Hydrogen Systems A/S (“Green Hydrogen Systems”) issued 1,934,800 warrants in 2021. Each warrant entitled the holder to subscribe for one share with a value of par value of DKK 1.00 at an exercise price of DKK 2.469 per share. The mandates were granted to a total of six people.

For the 2021 BSAs, the vesting period was 360 days after the date of admission of Green Hydrogen Systems shares to Nasdaq in Copenhagen (June 17, 2021) and the BSAs are therefore exercisable from now.

Instructions have been received to exercise the Warrants as follows:

  • Six people have issued instructions to exercise 1,934,800 warrants at the agreed exercise price of DKK 2.469 per share with a nominal value of DKK 1.00.

The Board of Directors of Green Hydrogen Systems decided today to proceed with the capital increase relating to the warrants exercised.

Following the capital increase, the share capital of Green Hydrogen Systems will be increased by a nominal amount of DKK 1,179,032 to DKK 83,165,961 through the issue of 1,179,032 shares.

The new shares are expected to be admitted to trading and official listing on Nasdaq Copenhagen A/S as soon as possible after registration of the capital increase with the Danish Business Authority.

Under Section 32 of the Danish Capital Markets Act, Green Hydrogen Systems must announce the total share capital and voting rights at the end of the month in which any change in share capital has been made. The table below shows the total share capital and voting rights of Green Hydrogen Systems after the capital increase:

Number of shares (par value DKK 1.00)

Face value (DKK)

Right to vote

83,165,961

83,165,961

83,165,961

For more information, please contact:

Investors: Jens Holm Binger, IR Manager, +45 6065 6525, [email protected]

Green Hydrogen Systems in brief

Green Hydrogen Systems is a clean technology company and a leading supplier of standardized and modular electrolyzers for the production of green hydrogen solely from renewable energies. With its wide range of possible applications, green hydrogen plays a key role in the ongoing fundamental transition of our energy systems to a net-zero emissions society by 2050. As a result, the demand for green hydrogen is increasing, requiring a significant scale- increase in electrolysis capacity. Founded in 2007 and building on over 10 years of technology development, Green Hydrogen Systems today has commercially proven and competitive electrolysis technology trusted by leading green energy companies.

Source: Green Hydrogen Systems
Mnemo: GREENH
Tag: company announcement

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