Hexagon Composites ASA Successfully Completes Subsequent Offering of Shares

Hexagon Composites ASA Successfully Completes Subsequent Offering

Hexagon Composites ASA, a prominent player in the clean energy sector, has announced the conclusion of its Subsequent Offering, which has attracted significant interest from investors. The offering was initially referenced in a stock exchange announcement on June 8, 2026, wherein the company indicated its intention to issue up to 15,625,000 new shares at a subscription price of NOK 8.00 per share.

Subscription Period and Results

The subscription period for this Subsequent Offering closed on June 19, 2026, at 16:30 CEST. During this time, the company received a total of 12,691,260 valid subscriptions for its Offer Shares. This figure represents a robust level of engagement from existing investors and new subscribers interested in securing a stake in the company's future.

The allocation was carried out following the criteria outlined in the prospectus dated June 5, 2026. Out of the total subscriptions, 9,086,310 shares were allocated based on exercised subscription rights, while an additional 3,604,950 shares were issued to those who over-subscribed, demonstrating both confidence in the company's prospects and the enthusiasm of the investing community.

Key Dates and Financial Details

The Board of Directors has confirmed the issuance of the allocated Offer Shares, leveraging its authority granted during the annual general meeting held on June 4, 2026. Subscribers can expect to receive notifications detailing their allocation and the necessary payment amounts today, June 22, 2026.

Payments for the Offer Shares are due by June 24, 2026, meaning investors must ensure that they have sufficient funds available by June 23, 2026, for the transaction to be completed without issue. Upon timely payment, the anticipated share capital increase related to this offering is expected to be registered with the Norwegian Register of Business Enterprises around July 1, 2026. Once processed, the shares will be delivered to subscribers’ VPS accounts and will become tradable on the Euronext Oslo Børs shortly thereafter.

Future Outlook

The completion of this Subsequent Offering is seen as a pivotal step for Hexagon Composites ASA as it continues on its mission to deliver innovative and safe solutions for a cleaner energy future. The company specializes in storage, transportation, and conversion technologies that support various mobility and industrial applications, significantly contributing to the global shift towards sustainable energy solutions.

With strong support from investors and a proactive approach to expanding its market presence, Hexagon Composites is strategically positioned for future growth in an evolving energy landscape.

For additional information regarding the offering or future opportunities with Hexagon Composites, interested parties can reach out to the company’s communications director, Berit-Cathrin Høyvik, at +47 988 92 161, or CFO Eirik Løhre at +1 704 777 5171 during US Eastern Time.

This announcement underlines the company’s commitment to transparency and investor relations, reflecting its proactive stance in navigating the rapidly changing business environment.

Please note: This information is not an offer of securities for sale nor a solicitation for investment. It is aimed at informing the public and must not be construed as investment advice.