Full subscription provides strong support for Green Hydrogen Systems’ growth strategy
Today, we are pleased to announce that all 104,296,612 new shares offered under the rights issue have been subscribed for, corresponding to gross proceeds of approximately DKK 469 million.
Accordingly, we expect to complete the offering and draw on the term loan facilities for a total principal amount of DKK 250 million made available to us by two Shareholders, ATP and APMH Invest.
Sebastian Koks Andreassen, CEO of Green Hydrogen Systems, says: “We are very pleased with the result of the rights issue and see it as strong support from existing and new investors. The gross proceeds from the rights issue and the term loans provide the capital and the financial flexibility to continue executing our growth strategy towards our medium-term targets.”
Read the entire company announcement here.