Results of the Simplified Tender Offer Confirm Shareholders’ Trust in NHOA
September 27 2021 - 1:00AM
Business Wire
Extraordinary General Meeting Convened to
Approve an up to €140 Million Rights Issue
Regulatory News:
NHOA (Paris:NHOA) (NHOA:PA, formerly Engie EPS) announces
that, following the closing of the simplified tender offer that
resulted in the new shareholder Taiwan Cement Corporation
(“TCC”; TWSE: 1101) holding 65.15% of NHOA’s shares, the
Company has convened an Extraordinary General Meeting for 2
November 2021 to approve a maximum €140 million capital increase
through a rights issue.
As declared by the French Financial Markets Authority (Autorité
des marchés financiers) (“AMF”) on 23 September 2021, during
the simplified tender offer on the shares of NHOA, initiated by
Taiwan Cement Europe Holdings (a wholly-owned subsidiary of TCC)
(“TCEH”) on 9 September and ended on 22 September 2021, TCEH
acquired 596,098 of NHOA shares on the market at a price of €17.10
per share. TCEH thus increased its stake and voting rights from
60.48% to 65.15%, with a free float remaining at 34.85% of the
share capital.
These results are coherent with TCC’s aspirations announced on
19 May 2021, that the Company should remain listed on the regulated
market of Euronext in Paris with a relevant free float level. They
also represent a further sign of the trust that the shareholders
have in NHOA’s Masterplan10x and Strategic Ambitions, notably the
Atlante project.
Following the results of the simplified tender offer, the Board
of directors met to convene an extraordinary shareholders’ meeting
on 2 November 2021 to authorize a capital increase with
preferential subscription rights, the principle of which was
announced as part of the Masterplan10x on 23 July 2021. During this
Board meeting, it was decided to increase the maximum size of the
capital increase outlined in the Masterplan10x from initially €130
million to a maximum of €140 million, in order to support NHOA’s
growth strategy and its targets while securing additional financing
capacity.
More information on the convening of the Extraordinary General
Meeting and the Rights Issue Procedure will be released in due time
and in accordance with regulatory requirements.
NHOA
NHOA (formerly Engie EPS) develops technologies enabling the
global transition towards clean energy and sustainable mobility,
shaping the future of a next generation living in harmony with our
planet.
Listed on Euronext Paris regulated market (NHOA:PA), NHOA forms
part of the CAC® Mid & Small and CAC® All-Tradable financial
indices. Its registered office is in Paris, with research,
development and production located in Italy.
For further information, go to www.nhoa.energy.
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version on businesswire.com: https://www.businesswire.com/news/home/20210926005059/en/
Press Office: Claudia Caracausi, Image Building, +39 02
89011300, nhoa@imagebuilding.it
Corporate and Institutional Communication: Cristina
Cremonesi, +39 345 570 8686, ir@nhoa.energy
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