Hydrogen Economy – Hexagon Purus ASA announces Successful completion of acquisition of Wystrach.
Reference is made to the stock exchange announcement by Hexagon Purus ASA (“Hexagon Purus” or the “Company”) on 30 September 2021, regarding Hexagon Purus’ entry into of a share purchase agreement to acquire 100% of Wystrach GmbH (“Wystrach”), a leading European systems and solutions provider for storage and transport of compressed gases (the “Transaction”).
Hexagon Purus announce that the Transaction has been successfully completed. Consequently, the board of directors of the Company has, pursuant to the authorization granted by the Company’s shareholder meeting on 3 November 2020, issued 4,444,430 new shares of Hexagon Purus (the “Consideration Shares”) at a subscription price of NOK 33.4343 per share, to the seller as part consideration for the shares of Wystrach.
Following registration of the share capital increase pertaining to the Consideration Shares in the Norwegian Register of Business Enterprises, the Company will have 233 536 669 shares in issue, each of par value NOK 0.10.
About Hexagon Purus:
Hexagon Purus, a Hexagon Composites company, is a world leading provider of hydrogen type 4 high-pressure cylinders, battery packs and vehicle systems integration for fuel cell electric and battery electric vehicles. Hexagon Purus enables zero emission solutions for light, medium and heavy-duty vehicles, buses, ground storage, distribution, maritime, rail and aerospace.
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Hexagon Purus ASA: Successful completion of the acquisition of Wystrach and issuance of consideration shares, November 10, 2021
