Hexagon Composites (HEX)

[pdx]

Starter en tråd om HEXAGON COMPOSITES (HEX.OL) siden en del har den i favoritt-listen eller i porteføljen sin

La oss starte diskusjonen! @hengleif @_esc @JanB @oddi @spontein @runde91 @pdx

[theroger]

Hexagon - FURTHER GROWTH IN MOBILE PIPELINE®

Hexagon Composites’ subsidiary Hexagon Lincoln announces a new purchase order for TITAN® 4 trailers from Certarus Ltd., a leading provider of fully integrated compressed natural gas (CNG) delivery solutions, with a total value of USD 10.4 million (around NOK 85 million). “The macro trend of gasification of both the oil & gas sector and industrial markets has created strong demand for Certarus. This new order of TITAN® trailers will be deployed primarily into our industrial power generation fuel…

[Oilimp]

Denne skal jeg ikke dempe, bare på grunn av det stilige, hilariouse nicket @hengleif

[TekBot]

Hexagon Composites ASA issues 1,200,000 call options at strike NOK 20.85

In accordance with resolutions no 6 and no 13.2 of the Ordinary Shareholders’ Meeting held in Aalesund on 19 April 2018, the Board of Directors of Hexagon Composites ASA has issued 1,200,000 share options under the Company’s management incentive program. Of the 1,200,000 options, 800,000 options have been granted to senior executives and managers listed as primary insiders.

Of the options granted to primary insiders:

| Primary insider: | Options granted: | New holding after the grant: |
| Jon Erik Engeset |  120,000 |  670,000 options and 440,867 shares |
| David Bandele |  80,000 |  430,000 options and 32,745 shares |
| Heiko Chudzick |  80,000 |  80,000 options and 0 shares |
| Frank Häberli |  80,000 |  280,000 options and 18,713 shares |
| Jack Schimenti |  80,000 |  430,000 options and 60,341 shares |
| Michael Kleschinski  |  80,000 |  230,000 options and 0 shares |
| Skjalg S. Stavheim |  80,000 |  380,000 options and 29,215 shares |
| George Siedlecki |  80,000 |  280,000 options and 3,300 shares |
| Rick Rashilla |  80,000 |  175,000 options and 8,000 shares |
| Geir Torset |  20,000 |  95,000 options and 31,146 shares |
| Morten Svela Sand |  20,000 |  45,000 options and 0 shares |

The share options give rights to buy shares in Hexagon Composites ASA at NOK 20.85 per share provided that the share price on the date of exercise is minimum NOK 25.36 per share.

The options may be exercised in part or in full within three weeks following the official announcement of the financial results for the fourth quarter of 2020, first quarter of 2021 or second quarter of 2021.

For more information:
Jon Erik Engeset, CEO, Hexagon Composites ASA
Telephone: +47 916 30 550 [email protected]

This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.

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This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Hexagon Composites ASA via Globenewswire

Nyheten er levert av GlobeNewswire.

http://www.netfonds.no/quotes/release.php?id=20180522.GlobeNewswire.HUG2194501

[TekBot]

Hexagon Composites ASA issues 1,200,000 call options at strike NOK 20.85

In accordance with resolutions no 6 and no 13.2 of the Ordinary Shareholders’
Meeting held in Aalesund on 19 April 2018, the Board of Directors of Hexagon
Composites ASA has issued 1,200,000 share options under the Company’s management
incentive program. Of the 1,200,000 options, 800,000 options have been granted
to senior executives and managers listed as primary insiders.

Of the options granted to primary insiders:
±-------------------±---------------±----------------------------------+
/Primary insider: /Options granted:/New holding after the grant: /
±-------------------±---------------±----------------------------------+
/Jon Erik Engeset / 120,000 / 670,000 options and 440,867 shares/
±-------------------±---------------±----------------------------------+
/David Bandele / 80,000 / 430,000 options and 32,745 shares /
±-------------------±---------------±----------------------------------+
/Heiko Chudzick / 80,000 / 80,000 options and 0 shares /
±-------------------±---------------±----------------------------------+
/Frank Häberli / 80,000 / 280,000 options and 18,713 shares /
±-------------------±---------------±----------------------------------+
/Jack Schimenti / 80,000 / 430,000 options and 60,341 shares /
±-------------------±---------------±----------------------------------+
/Michael Kleschinski / 80,000 / 230,000 options and 0 shares /
±-------------------±---------------±----------------------------------+
/Skjalg S. Stavheim / 80,000 / 380,000 options and 29,215 shares /
±-------------------±---------------±----------------------------------+
/George Siedlecki / 80,000 / 280,000 options and 3,300 shares /
±-------------------±---------------±----------------------------------+
/Rick Rashilla / 80,000 / 175,000 options and 8,000 shares /
±-------------------±---------------±----------------------------------+
/Geir Torset / 20,000 / 95,000 options and 31,146 shares /
±-------------------±---------------±----------------------------------+
/Morten Svela Sand / 20,000 / 45,000 options and 0 shares /
±-------------------±---------------±----------------------------------+

The share options give rights to buy shares in Hexagon Composites ASA at NOK
20.85 per share provided that the share price on the date of exercise is minimum
NOK 25.36 per share.

The options may be exercised in part or in full within three weeks following the
official announcement of the financial results for the fourth quarter of 2020,
first quarter of 2021 or second quarter of 2021.

For more information:
Jon Erik Engeset, CEO, Hexagon Composites ASA
Telephone: +47 916 30 550 / [email protected]

This information is subject to the disclosure requirements pursuant to section
5 -12 of the Norwegian Securities

Ekstern link: http://www.newsweb.no/index.jsp?messageId=451871

Nyheten er levert av OBI.

http://www.netfonds.no/quotes/release.php?id=20180522.OBI.20180522S65

[sulzrox]

Hexagon Composites oppdaterer - hegnar.no

Noen som kjenner godt til Hexagon som vil dele litt info om selskapet?

[TekBot]

04/01-2019 14:32:37: (HEX) Hexagon Composites ASA: Closing of the Agility Fuel Solutions transaction

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Reference is made to the stock exchange release dated 8 November 2018 related to the announced acquisition of the remaining 50% share of Agility Fuel Solutions. The closing of the transaction was completed on 4 January 2019.

With this acquisition, Hexagon strengthens its position as the globally leading gas fuel solutions provider. 

For more information:
David Bandele, CFO, Hexagon Composites ASA
Telephone: +47 920 91 483  [email protected]   

Investor Relations:
Hiva Ghiri, VP Investor Relations, Hexagon Composites ASA
Telephone: +47 958 66 790  [email protected]
  

This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.

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This announcement is distributed by West Corporation on behalf of West Corporation clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Hexagon Composites ASA via Globenewswire

http://www.netfonds.no/quotes/release.php?id=20190104.GlobeNewswire.HUG2230456

[MindWalker]

Kan noen fortelle meg hvordan et meglerhus kan se en oppside på 71 prosent når PE ligger på 35 ?

[Bingo123]

De ser nok inn i fremtiden. Ta en titt på caset, ser helt rått ut

[Savepig]

Aksjer prissettes på forventning om fremtiden, ikke nåtiden.

Og dermed kan vekstselskaper ha veldig mye høyere pe enn mer modne selskaper.

Differences Between Forward P/E And Trailing P/E

[Bingo123]

Nettopp. Dette tror jeg er blant de beste investeringer på Oslo børs. De inngår store kontrakter og dette er bare starten. Treffer veldig bra i forhold til det grønne skiftet som bare kommer mer og mer.

DN Investor

[MindWalker]

Ja, P/E kan være høy med tanke på fremtidig vekst, men 71 prosent? Så jeg leste artikkelen igjen og de ser at dette skjer frem mot 2030, hehe. Da kan det godt øke 71 prosent har dere sett denne foresten? https://youtu.be/4nzSypaPsyA
Hydrogen går nok så det suser nå, men forbi 2025? Skeptisk…

[Bingo123]

Anbefaler å lese på hjemmesiden. Standard volum businessen til Hexagon er gassbeholdere
https://www.hexagongroup.com/products/our-products

Hexagon Lincoln : The TITAN® trailer and storage module are designed for bulk transportation of large amounts of natural gas, biomethane and hydrogen
https://www.hexagonlincoln.com/

Xperion : https://www.hexagonxperion.com/en/home.html
Se under products for oversikt, stort nedslagsfelt

Det er mye fokus på hydrogen, men som dere ser slett ikke bare det det er snakk om. De store dealene i det siste er det dette selskapet som har stått for : https://agilityfuelsolutions.com/about-agility-fuel-solutions/

[Savepig]

Kan noen fortelle meg hvordan et meglerhus kan se en oppside på 71 prosent når PE ligger på 35 ?

Her er artiklen din forresten, kan være greit å linke til.

Morsomt med så stor forskjell mellom meglerhusene…

https://www.hegnar.no/Nyheter/Boers-finans/2019/02/Analytiker-Denne-aksjen-boer-kunne-stige-71-prosent

[TekBot]

26/02-2019 10:06:07: (HEX) Sharpened focus on clean energy opportunities

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PRESS RELEASE

The strong momentum towards global zero-emission economies is stimulating demand for Hexagon’s clean mobility and storage solutions. To focus our pursuit of the growing market opportunities for renewable fuel solutions, Hexagon has launched Hexagon Purus, a dedicated business division for its group-wide Hydrogen activities and CNG Light-Duty Vehicle activities.

Through Hexagon Purus, the Company will continue to develop cutting-edge solutions working closely with supporting car, bus and truck manufacturers, fleet, rail and marine operators, gas distributors and refueling station operators.

“We strongly believe in the future of clean energy - and Hexagon Purus is our response to support this transition,” says Michael Kleschinski, President of Hexagon Purus. “For us, Purus represents something new, pure and unique. We are clarifying and sharpening our clean energy focus. Hexagon Purus gives us the opportunity to do something different!”

The Hexagon Purus business division includes manufacturing, sales & marketing, R&D locations and personnel in Norway, Germany and USA.

This week, industry executives and leaders from fuel cell, automobile and electronics manufacturers and energy related companies will have the opportunity to see Hexagon Purus’ groundbreaking Hydrogen mobility and storage solutions at FC Expo 2019 in Tokyo, the world’s largest hydrogen fuel cell show. Hexagon Purus will be showcasing its solutions at the trade fair together with its strategic partner Mitsui & Co., one of the largest trading companies in the world.

Hexagon experiences substantial activity in all segments of the Hydrogen business and is involved in a number of hydrogen development projects ranging from vehicle tanks for cars, buses, ground storage, transportation, marine, rail and backup power solutions. In 2018, the Company received two large OEM contracts for delivery of hydrogen tanks to new Fuel Cell Electric Vehicle models (FCEVs). These contracts show that the market is moving into large scale serial production and confirms Hexagon’s strong competitive position in the market for hydrogen mobility solutions.

About Hexagon Purus
Hexagon Purus is the world leading provider of lightweight composite high-pressure tanks and systems for storage and distribution of hydrogen, natural gas and biogas. Its solutions serve a wide range of mobility and storage applications, enabling customers to reduce carbon footprint and increase its competitive-edge.

Visit Hexagon Purus at FC Expo 2019 at booth
W21-34, West 3

For more information:
Michael Kleschinski, President, Hexagon Purus,
Phone:  +49 151 58044068 [email protected]

Solveig D Saether, Communication Manager, Hexagon Composites ASA
Telephone: +47 906 34 977 [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, industrial and consumer applications.

For more information, please visit www.hexagongroup.com

Follow us on Twitter: @HexagonASA

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This announcement is distributed by West Corporation on behalf of West Corporation clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Hexagon Composites ASA via Globenewswire

http://www.netfonds.no/quotes/release.php?id=20190226.GlobeNewswire.HUG2236451

[TekBot]

26/02-2019 16:19:25: (HEX) Hexagon Composites ASA: Mandatory notification of trade

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On February 26th 2019, Flakk Gruppen AS purchased 81,802 shares in Hexagon Composites ASA from Mrs. Line K. Flakk at a price of NOK 33.40 per share. Mrs. Line K. Flakk is married to Mr. Knut T. Flakk who is Chairman of Hexagon Composites ASA. Mr. Knut T. Flakk is also the controlling shareholder in Flakk Gruppen AS.

 

After the transaction Flakk Gruppen AS holds 113,217 shares and Mrs. Line K. Flakk holds 500,000 shares in Hexagon Composites ASA. Mr. Knut T. Flakk and his close associates controls the same number of shares in Hexagon Composites ASA as before the transaction; namely 30,947,132 shares.

 

 

This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.

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This announcement is distributed by West Corporation on behalf of West Corporation clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Hexagon Composites ASA via Globenewswire

http://www.netfonds.no/quotes/release.php?id=20190226.GlobeNewswire.HUG2236495

[TekBot]

27/02-2019 09:25:01: (HEX) Audi selects Hexagon for hydrogen development project

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Hexagon Purus, a subsidiary of Hexagon Composites, has been nominated by Audi AG, a world-leading car manufacturer, to supply high-pressure tanks for a multi-year hydrogen tank development and small-serial production project.

“Winning this project is yet another milestone for Hexagon and the rapidly growing Fuel Cell Electric Vehicle industry. Our common environmental commitment now results in this collaboration project to realize the great potential of hydrogen fuel,” says Rick Rashilla, Senior Vice President of Hexagon Purus. “This nomination confirms our leading position as a preferred hydrogen tank developer for the zero-emission economy.”

At the beginning of the next decade, Audi will introduce its first fuel cell model.

For more information:
Rick Rashilla, Senior Vice President, Hydrogen Automotive, Hexagon Purus
Phone:  +49 561 58549 0 [email protected]

Hiva Ghiri, Vice President Investor Relations, Hexagon Composites ASA
Telephone: +47 958 66 790 [email protected]

Solveig D Saether, Communication Manager, Hexagon Composites ASA
Telephone: +47 906 34 977 [email protected]

About Hexagon Composites
Hexagon delivers safe and innovative solutions for a cleaner energy future. Our solutions enable storage, transport and conversion to clean energy in a wide range of mobility, industrial and consumer applications.
                                    
For more information, please visit www.hexagongroup.com

Follow us on Twitter: @HexagonASA

This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.

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This announcement is distributed by West Corporation on behalf of West Corporation clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Hexagon Composites ASA via Globenewswire

http://www.netfonds.no/quotes/release.php?id=20190227.GlobeNewswire.HUG2236561

[TekBot]

27/02-2019 16:31:23: (HEX) Hexagon Composites ASA Contemplated private placement

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NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES OR ANYOTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

Hexagon Composites ASA: Contemplated private placement

Hexagon Composites ASA (“Hexagon” or the “Company”) has retained DNB Markets, a part of DNB Bank ASA as Global Coordinator and Joint Bookrunner and Carnegie AS as Joint Bookrunner (together the “Managers”) to advise on and effect an undocumented private placement of new shares directed towards Norwegian and international investors, subject to applicable exemptions from relevant registration, filing and prospectus requirements, and subject to other applicable selling restrictions, after the close of Oslo Stock Exchange today (the “Private Placement”).

In the Private Placement, the Company is offering up to 16,662,780 new shares, representing up to approximately 9.99% of the outstanding capital of the Company. The price in the Private Placement will be determined through an accelerated bookbuilding process. The minimum application and allocation amount has been set to the NOK equivalent of EUR 100,000. The Company may however, at its sole discretion, allocate an amount below EUR 100,000 to the extent applicable exemptions from the prospectus requirement pursuant to applicable regulations, including the Norwegian Securities Trading Act and ancillary regulations, are available.

The net proceeds of the Private Placement will be used for continued investment in growth opportunities across all of Hexagon’s business areas, hereunder hydrogen opportunities and new market development.

The bookbuilding period for the Private Placement opens today at 16:30 CET and closes on 28 February 2019 at 08:00 CET. The Managers and the Company may, however, at any time resolve to close or extend the bookbuilding period at their sole discretion and on short notice.

The new shares to be issued in connection with the Private Placement will be issued based on a Board authorization granted by the Company’s annual general meeting held 19 April 2018. The new shares allocated in the Private Placement will be settled through a delivery versus payment transaction on a regular T+2 basis by delivery of existing and unencumbered shares in the Company that are already listed on the Oslo Stock Exchange pursuant to a share lending agreement between DNB Markets, the Company and Flakk Composites AS. The shares delivered to the subscribers will thus be tradable upon delivery.

The Company has received significant indications from both existing shareholders and new investors to apply for Offer Shares in the Private Placement. Further, Flakk Composites AS, controlled by Mr. Knut Flakk, has pre-committed to subscribe for NOK 10 million in the Private Placement. Mr. Knut Flakk is the Chairman of the Company’s Board of Directors.

The Board has considered the Private Placement in light of the equal treatment obligations under the Norwegian Securities Trading Act and Oslo Børs’ Circular no. 2/2014, and is of the opinion that the contemplated transaction is in compliance with these requirements. The share issuance will be carried out as a private placement in order to complete a transaction in an efficient manner without the significant discount typically seen in rights issues, and without the need for a guarantee consortium. On this basis, and based on an assessment of the current equity markets, the Company’s Board of Directors has considered the Private Placement to be in the common interest of the Company and its shareholders. As a consequence of the Private Placement structure, the shareholders’ preferential rights will be deviated from.

Allocation of the New Shares will be determined at the end of the book-building process. The final allocation will be made at the Company’s Board of Directors’ (the “Board”) sole discretion, where the Board will focus on criteria such as (but not limited to), existing ownership in the Company, timeliness of the application, price leadership, relative order size, sector knowledge, investment history, perceived investor quality and investment horizon.

Subject to successful completion of the Private Placement, the Board may consider to carry out a subsequent offering of new shares in the Company directed towards shareholders in the Company as of 27 February 2019 (as registered in the VPS on 1 March 2019) who were not allocated Offer Shares in the Private Placement and who are not resident in a jurisdiction where such offering would be unlawful or, for jurisdictions other than Norway, would require any prospectus, filing, registration or similar action. Such shareholders will be granted non-transferable preferential rights to subscribe for, and, upon subscription, be allocated new shares. The subscription price in such subsequent offering will be the same as the subscription price in the Private Placement.

For more information:

David Bandele, CFO, Hexagon Composites ASA
Telephone: +47 920 91 483 [email protected]

Hiva Ghiri, VP Investor Relations, Hexagon Composites ASA
Telephone: +47 958 66 790 hiva.ghiri@ hexagongroup.com

About Hexagon Composites ASA
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, industrial and consumer applications.

For more information, please visit www.hexagongroup.com

This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.

Important information: The release is not for publication or distribution, in whole or in part directly or indirectly, in or into Australia, Canada, Japan or the United States (including its territories and possessions, any state of the United States and the District of Columbia). This release is an announcement issued pursuant to legal information obligations, and is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. It is issued for information purposes only, and does not constitute or form part of any offer or solicitation to purchase or subscribe for securities, in the United States or in any other jurisdiction. The securities mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “US Securities Act”). The securities may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the US Securities Act. The Company does not intend to register any portion of the offering of the securities in the United States or to conduct a public offering of the securities in the United States. Copies of this announcement are not being made and may not be distributed or sent into Australia, Canada, Japan or the United States.

The issue, subscription or purchase of shares in the Company is subject to specific legal or regulatory restrictions in certain jurisdictions. Neither the Company nor the Managers assume any responsibility in the event there is a violation by any person of such restrictions.

The distribution of this release may in certain jurisdictions be restricted by law. Persons into whose possession this release comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

The Managers are acting for the Company and no one else in connection with the Private Placement and will not be responsible to anyone other than the Company providing the protections afforded to their respective clients or for providing advice in relation to the Private Placement and/or any other matter referred to in this release.

Forward-looking statements:
This release and any materials distributed in connection with this release may contain certain forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they reflect the Company’s current expectations and assumptions as to future events and circumstances that may not prove accurate. A number of material factors could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.

This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.

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This announcement is distributed by West Corporation on behalf of West Corporation clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Hexagon Composites ASA via Globenewswire

http://www.netfonds.no/quotes/release.php?id=20190227.GlobeNewswire.HUG2236662

[TekBot]

27/02-2019 22:21:57: (HEX) Hexagon Composites ASA: Private placement successfully completed

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NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES OR ANYOTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN.

Reference is made to the stock exchange release from Hexagon Composites ASA (“Hexagon” or the “Company”) published on 27 February 2019 regarding a contemplated private placement.

The Company announces that it has raised approximately NOK 493 million in gross proceeds through a private placement (the “Private Placement”) of 16,662,780 new shares (the “New Shares”), at a price per share of NOK 29.60. The Private Placement took place through an accelerated bookbuilding process managed by DNB Markets, a part of DNB Bank ASA, acting as Global Coordinator and Joint Bookrunner and Carnegie AS as Joint Bookrunner (the “Managers”) after close of markets on 27 February 2019.

The net proceeds of the Private Placement will be used for continued investment in growth opportunities across all of Hexagon’s business areas, hereunder hydrogen opportunities and new market development.

The Board is of the opinion that the Private Placement complies with the equal treatment obligations under the Norwegian Securities Trading Act and Oslo Børs’ Circular no. 2/2014, in particular due to the fact that (i) in the current market, a private placement had a larger possibility of success compared to a rights issue and, therefore, gives the Company timely access to the new capital at low risk; and (ii) the cost of raising capital is assumed to be lower than in a rights issue since the discount is likely to be lower and subscription guarantees are avoided. On this basis, and based on an assessment of the current equity markets, the Company’s Board of Directors has considered the Private Placement to be in the common interest of the Company and its shareholders. As a consequence of the Private Placement structure, the shareholders’ preferential rights were deviated from.

The Company’s largest shareholder, Mitsui & Co Ltd., who is represented on the Company’s board of directors, has been allocated 4,167,000 shares in the Private Placement. Flakk Composites AS, controlled by Mr. Knut Flakk, has been allocated 337,837 shares in the Private Placement. Mr. Knut Flakk is the Chairman of the Company’s Board of Directors.

The new shares allocated in the Private Placement will be settled through a delivery versus payment transaction on a regular T+2 basis by delivery of existing and unencumbered shares in the Company that are already listed on the Oslo Stock Exchange pursuant to a share lending agreement between DNB Markets, the Company and Flakk Composites AS. The shares delivered to the subscribers will thus be tradable upon delivery. Following registration of the new share capital pertaining to the Private Placement, the Company will have 183,290,648 shares outstanding, each with a par value of NOK 0.10.

For more information:

David Bandele, CFO, Hexagon Composites ASA
Telephone: +47 920 91 483 [email protected]

Hiva Ghiri, VP Investor Relations, Hexagon Composites ASA
Telephone: +47 958 66 790 [email protected]

About Hexagon Composites ASA
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, industrial and consumer applications.

For more information, please visit www.hexagongroup.com

This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.

Important information: The release is not for publication or distribution, in whole or in part directly or indirectly, in or into Australia, Canada, Japan or the United States (including its territories and possessions, any state of the United States and the District of Columbia). This release is an announcement issued pursuant to legal information obligations, and is subject of the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act. It is issued for information purposes only, and does not constitute or form part of any offer or solicitation to purchase or subscribe for securities, in the United States or in any other jurisdiction. The securities mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “US Securities Act”). The securities may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the US Securities Act. The Company does not intend to register any portion of the offering of the securities in the United States or to conduct a public offering of the securities in the United States. Copies of this announcement are not being made and may not be distributed or sent into Australia, Canada, Japan or the United States.

The issue, subscription or purchase of shares in the Company is subject to specific legal or regulatory restrictions in certain jurisdictions. Neither the Company nor the Managers assumes any responsibility in the event there is a violation by any person of such restrictions.

The distribution of this release may in certain jurisdictions be restricted by law. Persons into whose possession this release comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

The Managers are acting for the Company and no one else in connection with the Private Placement and will not be responsible to anyone other than the Company providing the protections afforded to their respective clients or for providing advice in relation to the Private Placement and/or any other matter referred to in this release.

Forward-looking statements:
This release and any materials distributed in connection with this release may contain certain forward-looking statements. By their nature, forward-looking statements involve risk and uncertainty because they reflect the Company’s current expectations and assumptions as to future events and circumstances that may not prove accurate. A number of material factors could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.

This information is subject to the disclosure requirements pursuant to section 5 -12 of the Norwegian Securities Trading Act.

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This announcement is distributed by West Corporation on behalf of West Corporation clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Hexagon Composites ASA via Globenewswire

http://www.netfonds.no/quotes/release.php?id=20190227.GlobeNewswire.HUG2236727

[Savepig]

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