(Oslo, 7 March 2019) Nel ASA (Nel, OSE: NEL) calls for an extraordinary general
meeting to be held at Karenslyst allé 20, 0278 Oslo, Norway on 28 March 2019 at
10:00 (CET).
Reference is made to the stock exchange release disclosed by Nel ASA (the
"Company") 30 January 2019, regarding the completion of a Private Placement of
shares, which further stated that the Board of Directors of the Company had
resolved to call for an extraordinary general meeting (the "EGM") to propose a
subsequent offering of up to 12,500,000 new shares towards the Company's
shareholders as of 30 January 2019 (as documented by the shareholder register in
the Norwegian Central Securities Depository (VPS) as of the end of 1 February
2019) who were not allocated shares in the Private Placement (the "Subsequent
Offering"). The subscription price in the Subsequent Offering will be equal to
the subscription price in the Private Placement, NOK 5.45 per share. The
complete terms of the Subsequent Offering will be included in a prospectus to be
approved by the Financial Supervisory Authority of Norway.
Please find attached the convening notice for the EGM. The notice is also
distributed to all
Company's shareholders as of 30 January 2019.
Relevant documents referred to in the notice and link for registration are made
available on www.nelhydrogen.com
ENDS
For further information, please contact:
Jon André Løkke, CEO, Nel ASA, +47 907 44 949
Bent Skisaker, CFO, Nel ASA, +47 468 21 693
About Nel ASA | www.nelhydrogen.com
Nel Hydrogen is a global, dedicated hydrogen company, delivering optimal
solutions to produce, store and distribute hydrogen from renewa-ble energy. We
serve industries, energy and gas companies with leading hydrogen technology.
Since its origins in 1927, Nel has a proud history of development and continual
improvement of hydrogen plants. Our hydrogen solutions cover the entire value
chain from hydrogen production technologies to manufacturing of hydrogen fueling
stations, providing all fuel cell electric vehicles with the same fast fueling
and long range as conventional vehicles today.