Reference is made to previous announcements regarding Hexagon Composites ASA
(the "Company" or "Hexagon Composites") intention to spin off Hexagon Purus and
apply for Hexagon Purus' shares to be admitted to trading on Euronext Growth
Oslo. As part of the spin off and listing process, the Company on 29 November
2020 announced key dates for a distribution of dividends in the form of shares
in Hexagon Purus to the Company's shareholders. The initial key dates for the
dividend announced therein have been postponed by one trading day. Revised key
dates are:
Dividend-in-kind amount: 0.15 Hexagon Purus AS shares per Hexagon Composites ASA
share
Declared currency: NOK
Last day including right to dividend-in-kind: 4 Dec, 2020
Ex-date: 7 Dec, 2020
Record date: 8 Dec, 2020
Payment date (delivery to VPS accounts): On or about 14 Dec, 2020
Date of approval: 29 November, 2020
Other information: The shares in Hexagon Purus AS are expected to be tradable on
Euronext Growth Oslo immediately upon delivery on the payment date. No
fractional shares will be distributed. Hexagon Composites ASA's holdings of
treasury shares will not be eligible for the distribution. The number of Hexagon
Purus AS shares to be distributed as dividend-in-kind equals 30,242,956 shares.
For eligible shareholders subject to withholding tax ("Withholding Tax
Shareholders"), a portion of the dividend shares distributable to such
Withholding Tax ("WHT") Shareholders corresponding to the withholding tax rate
registered on such Withholding Tax Shareholders' VPS account will be withheld
(the "Withheld Dividend Shares") to cover the applicable withholding tax for
each WHT Shareholder. The Company will arrange for Withheld Dividend Shares to
be sold for payment of the relevant withholding tax. No subsequent settlement
towards the shareholders is intended.
For more information, please contact:
David Bandele, CFO, Hexagon Composites ASA
Telephone: +47 920 91 483 | david.bandele@hexagongroup.com
(mailto:david.bandele@hexagongroup.com)
Karen Romer, SVP Communications, Hexagon Composites ASA
Telephone: +47 950 74 950 | karen.romer@hexagongroup.com
(mailto:karen.romer@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, including light-,
medium- and heavy-duty vehicles, ground storage, distribution, marine, rail and
backup power solutions.
Hexagon Purus in brief:
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, marine, rail, aerospace and backup power
solutions.
Learn more at www.hexagongroup.com and follow @HexagonASA on Twitter and
LinkedIn.