#Norway #Oslo #Hexagon Composites #NOK8.00 #Prospectus Approval

Hexagon Composites ASA Secures Prospectus Approval

On June 5, 2026, Hexagon Composites ASA, a pioneer in clean energy solutions, announced that it has secured the approval of a prospectus from the Norwegian Financial Supervisory Authority. This marks a significant milestone for the company as it moves forward with a planned Subsequent Offering.

Background of the Company

Hexagon Composites ASA has positioned itself as a leader in providing innovative solutions for a cleaner energy future, specializing in the safe storage, transportation, and conversion of clean energy across various sectors. With a commitment to sustainability and efficiency, Hexagon focuses on developing technologies that support a greener planet.

Details of the Private Placement

The approval follows an earlier announcement made on May 7, 2026, in which the company disclosed a successful private placement that involved the issuance of 68,750,000 new shares at a subscription price of NOK 8.00 per share. This strategic move raised gross proceeds amounting to NOK 550 million. The funds generated from this private placement are essential for the company to expand its operations and continue its pursuit of developments in clean energy technologies.

Subsequent Offering Planned

Following the initial success, Hexagon Composites ASA is now planning a Subsequent Offering which will allow for the allocation of up to 15,625,000 additional shares at the same subscription price of NOK 8.00. This aims to raise gross proceeds of up to NOK 125 million. The offer will primarily target eligible shareholders who were not part of the initial private placement, ensuring wide access to potential investments.

Important Dates

The subscription period for this Subsequent Offering is set to commence on June 8, 2026, at 09:00 CEST and will conclude on June 19, 2026, at 16:30 CEST. Eligible shareholders will receive a specific number of non-tradeable Subscription Rights based on their current holdings, each granting them the right to subscribe for the new shares during the offering period.

Conditions and Risks

In line with various regulatory requirements, the offering is restricted to jurisdictions where it is lawful. The company emphasizes that shareholders must exercise their Subscription Rights within the specified timeframe, as unutilized rights will lapse at the conclusion of the period.

Hexagon Composites ASA has enlisted DNB Carnegie to manage the Subsequent Offering, backed by legal expertise from Advokatfirmaet Schjødt AS. This structured approach not only ensures compliance with legal frameworks in multiple jurisdictions but also enhances shareholder confidence.

Corporate Transparency and Future Outlook

Hexagon Composites ASA is committed to keeping its stakeholders informed throughout this process, emphasizing transparency in its financial dealings and strategic plans. By successfully navigating this offering, Hexagon aims to solidify its position in the clean energy sector, thereby unlocking new opportunities for growth and innovation.

For further inquiries, stakeholders are encouraged to reach out to the company’s senior directors or the CFO who are available for communication during business hours.

Conclusion

The approval of the prospectus signals a robust future for Hexagon Composites ASA as it embarks on its next phase of growth. With a dual offering approach, Hexagon is poised to attract further investment while ensuring that existing shareholders have access to new opportunities. As the clean energy landscape continues to evolve, Hexagon's strategic moves reflect its commitment to driving sustainable solutions amidst a changing world.