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placement of NOK 50 million, valuing the company at NOK 130 million. The company
has an intention to have its shares shortly admitted to trading on Euronext
Growth.
“The private placement was oversubscribed and attracted strong investor
interest. The placement and potential listing will allow HYON to continue the
growth and development to leverage on the leading position in the market for
maritime hydrogen fueling solutions. We will deliver bunkering technology to the
world’s first commercial-scale filling station for pressurized hydrogen for the
maritime sector at the Hellesylt Hydrogen Hub, showcasing our solutions to the
numerous maritime hydrogen projects set to commence construction over the next
years,” says Jørn Kristian Lindtvedt, Chief Executive Officer of HYON.
HYON has completed a private placement of 21,367,521 shares at a price of NOK
2.34 per share raising gross proceeds of NOK 50 million. The private placement
values the company, based on the shares outstanding following the private
placement and the offer price, at approximately NOK 130 million.
“We are pleased with the strong interest in HYON. With the company’s focus on
developing leading hydrogen bunkering technologies, a strong team and exciting
projects in the pipeline, we see them contributing to shaping the future of
hydrogen in the maritime sector,” says Bjørn Simonsen, Chief Executive Officer
of Saga Pure and Member of the Board of Directors of HYON.
The net proceeds from the private placement will be used to fund growth and
scale on investments made, and to strengthen the balance sheet for general
corporate purposes.
“HYON is filling an important gap in the value chain critical in making hydrogen
a success within maritime applications, both domestically in Norway and beyond.
We therefore look forward to supporting HYON and working with them to realize
this important market which has a huge future growth potential,” says Jon André
Løkke, Chief Executive Officer of Nel.
HYON has an intention to have its shares shortly admitted to trading on Euronext
Growth.
Arctic Securities AS acted as managers for the private placement and
Advokatfirmaet Schjødt AS is acting as legal advisor to the company.
For additional information, please contact:
Jørn Kristian Lindtvedt, CEO of HYON (+47 95 27 07 39)
Lars Christian Stugaard, CFO of HYON (+47 47 63 05 22)
About HYON AS | www.hyon.energy
HYON delivers fast and safe bunkering of hydrogen for ships. We make sure that
hydrogen can be transferred from shore to ships, both as a stand-alone fueling
solution and as an integrated solution combining production, storage and
distribution on a barge. HYON was founded in 2017, is headquartered in Oslo,
Norway and is backed by owners including Saga Pure, Norwegian Hydrogen and Nel.
HYON is on a mission to accelerate the energy transition in the maritime sector,
aiming to be the leading provider to bunkering solutions for hydrogen.
About Saga Pure ASA | www.sagapure.com
Saga Pure ASA is an investment company focusing on opportunities within
renewable energy, hydrogen, circular economy and CO2-reduction.
About Nel ASA | www.nelhydrogen.com
Nel is a global, dedicated hydrogen company, delivering optimal solutions to
produce, store, and distribute hydrogen from renewable energy. We serve
industries, energy, and gas companies with leading hydrogen technology. Our
roots date back to 1927, and since then, we have had a proud history of
development and continuous improvement of hydrogen technologies. Today, our
solutions cover the entire value chain: from hydrogen production technologies to
hydrogen fueling stations, enabling industries to transition to green hydrogen,
and providing fuel cell electric vehicles with the same fast fueling and long
range as fossil-fueled vehicles - without the emissions.
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