SANDNES, Norway – 9 February 2022 Reference is made to the stock exchange announcement published on 25 January 2022 by Horisont Energi AS ("Horisont" or the "Company") regarding a fully underwritten subsequent offering (repair issue) to be carried out by the Company (the "Subsequent Offering"). The Subsequent Offering comprised up to 769,230 new shares (the "Offer Shares") in the Company, each with a nominal value of NOK 0.01, at a subscription price of NOK 65.00 per share.
The subscription period expired on 8 February 2022 at 16:30 (CET). The Company has received valid subscriptions of 1,272,527 Offer Shares. A total of 438,625 Offer Shares will be allocated based on exercised subscription rights and 330,605 Offer Shares will be allocated based on over-subscription in accordance with section 5.9.3 of the prospectus dated 24 January 2022.
Notifications of allocated Offer Shares and the corresponding subscription amount to be paid by each subscriber are expected to be distributed today.
The due date for payment of the Offer Shares is on 11 February 2022 (the "Payment Dateʺ). Subject to payment being made, the Offer Shares are expected to be delivered to the subscriber's VPS account on or about 16 February 2022.
Following the issuance of the Offer Shares, the Company’s share capital will be NOK 223,259.80 divided into 22,325,980 shares, each with a nominal value of NOK 0.01.
Fearnley Securities AS (the Manager) acts as manager and subscription agent in the Subsequent Offering. SANDS Advokatfirma DA is acting as legal counsel to the Company.
About Horisont Energi
Horisont Energi (EURONEXT: HRGI) is a Norwegian clean energy company that will provide clean energy and carbon transport and storage services. The company will transform gas into cost-leading ammonia and hydrogen, and offer CO2 transportation and storage solutions using proprietary technology, paving the way for a low carbon economy. The company was founded in 2019 and is headquartered in Sandnes, Norway. https://www.horisontenergi.no/
For further information, please contact:
Investor relations
Dan Jarle Flølo, CFO
+47 901 13 159
djf@horisontenergi.com
Media Relations
Siri Melberg
+47 470 35 718
sm@horisontenergi.com
This information is subject to the disclosure requirements pursuant to the Euronext Growth Oslo Rule Book Part II, section 3.10 and 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The release is not for publication or distribution, in whole or in part directly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.
In any EEA Member State, this communication is only addressed to and is only
directed at qualified investors in that Member State within the meaning of the
Prospectus Regulation, i.e., only to investors who can receive the offer without
an approved prospectus in such EEA Member State. The expression "Prospectus
Regulation" means Regulation (EU) 2017/1129 (together with any applicable
implementing measures in any Member State).
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 Manager 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 Manager is acting for the Company and no one else in connection with the
subsequent offering 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 subsequent offering and/or any other matter referred
to in this release.