Hexagon Purus and Mitsui & Co. Ltd. has agreed to amend certain rights to convert or dispose of any of its Convertible Bonds


Reference is made to the convertible loan agreements for the NOK 800,000,000 Senior Unsecured Convertible Bonds 2023/2028 with ISIN NO 0012851858 (the "First Convertible Bonds”) and the NOK 999,950,000 Senior Unsecured Convertible Bonds 2024/2029 with ISIN NO 0013106732 (the "Second Convertible Bonds”) (together the "Convertible Bonds”).

Werbung

Hexagon Purus ASA ("Hexagon Purus" or the "Company") has today signed an agreement with Mitsui & Co, Ltd. ("Mitsui") where the parties have agreed that Mitsui shall not use a right to convert to ordinary shares or to dispose of any of its Convertible Bonds without the written consent of the Board of Directors of Hexagon Purus until the earlier of i) the date on which the Company becomes profitable on a Profit After Tax (PAT) basis (measured by PAT attributable to equity holders of the parent in the Company’s group income statement), and ii) 1 January 2028 for the First Convertible Bonds and 1 January 2029 for Second Convertible Bonds, respectively, together referred to as the "Additional Lock-up". The Additional Lock-up applies to Mitsui only, and the rights for other holders of the First Convertible Bonds and Second Convertible Bonds are as per the original convertible loan agreements. The Additional Lock-up shall not apply in certain events, including the occurrence of a Corporate Transaction Event (as defined in the terms for the Convertible Bonds), event of default or tender offer relating to the Company. The terms of the existing lock-up undertakings provided by Mitsui outlined in the previous announcements on 1 March 2023 and 20 December 2023 will remain in force.

For more information:

Mathias Meidell, Investor Relations Director, Hexagon Purus
Telephone: +47 909 82 242 | mathias.meidell@hexagonpurus.com

Salman Alam, CFO, Hexagon Purus ASA
Telephone: +47 476 12 713 | salman.alam@hexagonpurus.com    

Werbung

About Hexagon Purus

Hexagon Purus enables zero emission mobility for a cleaner energy future. The company is a world leading provider of hydrogen Type 4 high-pressure cylinders and systems, battery systems and vehicle integration solutions for fuel cell electric and battery electric vehicles. Hexagon Purus' products are used in a variety of applications including light, medium and heavy-duty vehicles, buses, ground storage, distribution, refueling, maritime, rail and aerospace.

Learn more at www.hexagonpurus.com and follow @HexagonPurus on X and LinkedIn.

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

Werbung


Aktuelle Hexagon Purus AS Registered Aktie News

Werbung

Hexagon Purus AS Registered Analysen

Um die Übersicht zu verbessern, haben Sie die Möglichkeit, die Analysen für Hexagon Purus AS Registered nach folgenden Kriterien zu filtern.

Alle: Alle Empfehlungen

Buy: Kaufempfehlungen wie z.B. "kaufen" oder "buy"
Hold: Halten-Empfehlungen wie z.B. "halten" oder "neutral"
Sell: Verkaufsempfehlungn wie z.B. "verkaufen" oder "reduce"

Keine Analysen gefunden.

Information


Die Handels- und Depotfunktionen in diesem Broker Cockpit werden für Finanzinstrumente von der Finanzen.net Zero GmbH als vertraglich gebundener Vermittler der DonauCapital Wertpapier GmbH (§ 3 Abs. 2 WpIG) bereitgestellt; bei Kryptowerten werden die Handels- und Depotfunktionen in diesem Broker Cockpit ausschließlich von der DonauCapital Wertpapier GmbH bereitgestellt. Die Finanzen.net GmbH stellt ausschließlich den technischen Rahmen bereit und ist in die Wertpapier- und Kryptodienstleistung nicht einbezogen.