NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART DIRECTLY OR INDIRECTLY, IN AUSTRALIA, CANADA, JAPAN OR THE UNITED STATES OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL.
(Oslo, 21 September 2020) Reference is made to the stock exchange announcement by Nel ASA ("Nel" or the "Company") on 10 September 2020, regarding the commencement of a subsequent offering of up to 10,840,109 new shares (the "Offer Shares") (the "Subsequent Offering").
The subscription period for the Subsequent Offering will expire today, 21 September 2020, at 16:30 hours (CEST). The Subscription Rights may be used to subscribe for Offer Shares in the Subscription Period and before the expiry of the Subscription Period on 21 September 2020 at 16:30 hours (CEST). Subscription Rights that are not used to subscribe for Offer Shares before 16:30 hours (CEST) on 21 September 2020 will have no value and will lapse without compensation to the holder.
For more information regarding the Subsequent Offering, please refer to the Company's prospectus dated 9 September 2020 (the "Prospectus"). The Prospectus is available electronically at www.nelhydrogen.com, www.arctic.com, www.carnegie.no and www.sb1markets.no, or by contacting Arctic Securities AS, Carnegie AS or SpareBank 1 Markets AS.
Carnegie AS, Arctic Securities AS and SpareBank 1 Markets AS act as managers in the Subsequent Offering (the "Managers"). Advokatfirmaet Schjødt AS acts as Norwegian legal counsel to Nel.
