Hexagon Composites ASA Launches Significant Share Buyback Program to Support Corporate Objectives and Incentive Obligations

Overview

Hexagon Composites ASA, a leader in clean energy solutions, has taken a significant step towards enhancing shareholder value by initiating a share buyback program. This strategic move, announced on April 14, 2025, permits the repurchase of up to 4 million shares, with a budget allocation of up to NOK 75 million. The program is set to launch immediately and will continue until May 31, 2025, allowing Hexagon to fulfill various obligations tied to its employee incentive programs and to address general corporate purposes.

The Rationale Behind the Buyback

The decision to engage in a share buyback reflects Hexagon Composites' commitment to returning value to its shareholders. By repurchasing shares, the company aims to reduce the number of shares outstanding, thereby potentially increasing the value of each remaining share. Additionally, this strategy allows the company to meet its obligations related to incentive plans designed to reward employees and executives, fostering a motivated workforce well-aligned with company goals.

The company has ensured that the buybacks will be handled by a third party to ensure impartiality and compliance with market regulations. This third-party firm will operate independently, ensuring that trading decisions are made without direct influence from Hexagon's management. According to Hexagon's CFO, David Bandele, this systematic approach underscores the company's dedication to transparency and adherence to regulatory frameworks.

Compliance with Market Regulations

Hexagon's buyback transactions will adhere to the standards outlined in the European Market Abuse Regulation (EU No 596/2014) as well as the Commission Delegated Regulation (EU No 2016/1052), commonly known as the Safe Harbour Regulation. These regulations are essential in maintaining fair market practices and protecting investors against potential abuses in share trading.

Existing Holdings and Future Plans

As of the date of this announcement, Hexagon Composites holds approximately 396,610 of its shares. The initiation of this buyback program indicates ongoing confidence in the company's future performance and an expectation of stable or improving market conditions.

About Hexagon Composites ASA

Hexagon Composites ASA is dedicated to providing safe and innovative solutions that promote a cleaner energy future. Its offerings facilitate the storage, transportation, and conversion of energy in a variety of applications spanning mobility, consumer, and industrial sectors. The company's commitment to sustainability and innovation positions it as a formidable player in the transition towards a greener global economy.

For more information about Hexagon Composites ASA's initiatives and products, visit www.hexagongroup.com or follow them on LinkedIn @HexagonASA.

This announcement has been made public by Hexagon Composites as part of its compliance with the EU Market Abuse Regulation and relevant Norwegian Securities Trading Act requirements. The company expresses its continuous dedication to transparency and accountability to its investors.