Hexagon Composites ASA: Approval of Written Resolution

Wed 11, 2020 - Stock Exchange Release

Reference is made to the stock exchange notice in relation to the Written Resolution dated November 17 2020, proposing, amongst other items, a waiver from the dividend restriction to enable the transfer of up to 15% of the Company’s shares in Hexagon Purus to the shareholders of the Company, in conjunction with the intended Spin Off of Hexagon Purus.

The proposed resolution was today adopted with the requisite majority. Please find attached the notice from Nordic Trustee AS.

Hexagon highly appreciates the support from its bondholders in conjunction with the Written Resolution, which enables the spin-off of Hexagon Purus to be structured in a manner that maximizes value to all stakeholders.

Carnegie AS and SEB acted as financial advisors for the Company.

For further queries, please contact:

David Bandele, CFO, Hexagon Composites ASA
Telephone: +47 920 91 483 |[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.

Learn more at www.hexagongroup.com and follow @HexagonASA on Twitter and LinkedIn