La Motte-Fanjas - McPhy (Euronext Paris: MCPHY - ISIN: FR0011742329), (the 'Company'), specialized in zero-carbon hydrogen production and distribution equipment, announces today the launch of a capital increase without shareholders' preferential subscription rights, by means of an Accelerated Bookbuild to the benefit of certain categories of beneficiaries, in accordance with Article L. 225-138 of the French Commercial Code for an anticipated aggregate amount of EUR 150m (the 'Offering ').

The Offering comprises Cornerstone subscription commitments from Chart International Holdings, Inc., part of Chart Industries, Inc. (NASDAQ: GTLS) ('Chart Industries') and Technip Energies B.V. ('Technip Energies' a segment of TechnipFMC plc) (the 'Strategic Investors') and from historical strategic shareholders EDF Pulse Croissance Holding and the Ecotechnologies Fund, managed by Bpifrance Investissement as part of the Programme d'Investissements d'Avenir.

The funds raised under the Offering will be used primarily to finance the acceleration of the change of scale of McPhy manufacturing capacities, to fund continued research and innovation with an emphasis on large-capacity stacks and large-capacity hydrogen refueling stations, as well as for working capital and operating expenses of the Company.

McPhy is also pleased to announce the concomitant signing of Memorandum of Understandings ('MoU') with each of the two Strategic Investors.

Laurent Carme, Chief Executive Officer of McPhy, comments: 'We are thrilled to welcome Chart Industries and Technip Energies as Strategic Investors in McPhy. In addition to a significant capital injection, these new strategic partners bring deep expertise in their respective domains, and we anticipate new commercial opportunities in hydrogen across Europe and globally.

Moreover, the complementarity of their activities with our own will put McPhy in an optimal position to work on large projects in Industry, Mobility and Energy and to scale-up our industrial capabilities. We look forward to strengthening the Board of Directors with the presence of Jillian Evanko from Chart Industries and a representative of Technip Energies and to see our respective teams collaborating on a number of already identified projects.

I would like to thank EDF Pulse Croissance Holding and Ecotechnologies Fund for their continuous support to McPhy, both from an operational and financial perspective. We are also excited to welcome participation from existing investors and new institutions into the share capital of McPhy in conjunction with the announced capital raise.

More than six years after our IPO on Euronext in 2014, zero-carbon Hydrogen is now at major inflection point. With this fundraising, new Strategic Investors, the continued support of EDF Pulse Croissance and the Ecotechnologies Fund, as well as all our shareholders, McPhy is well positioned to play a leadership role in the global build-out of competitive zero-carbon hydrogen and on the decarbonization of industrial processes, of mobility sector, and in the energy storage.'

About McPhy

In the framework of the energy transition, and as a leading supplier of hydrogen production and distribution equipment, McPhy contributes to the deployment of zero-carbon hydrogen throughout the world.

Thanks to its wide range of products and services dedicated to the industrial, mobility and energy markets, McPhy provides turnkey solutions to its clients adapted to their applications in industrial raw material supply, fuel cell electric car refueling or renewable energy surplus storage and valorization.

As a designer, manufacturer and integrator of hydrogen equipment since 2008, McPhy has three development, engineering and production units based in Europe (France, Italy, Germany).

The company's international subsidiaries ensure a global sales coverage of McPhy's innovative hydrogen solutions.

McPhy is listed on NYSE Euronext Paris (Segment C, ISIN code: FR0011742329; ticker: MCPHY).

Contact:

Nicolas Merigeau

Tel: +33 (0)1 44 71 94 98

Email: mcphy@newcap.eu

Disclaimer

This press release does not constitute an offer to sell or the solicitation of an offer to buy ordinary shares of the company, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that jurisdiction. This announcement is an advertisement and not a prospectus within the meaning of Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017, as amended (the 'Prospectus Regulation').

In France, the Offering described above will take place solely as a placement to a category of qualified investors, in accordance with Article 1(4)(a) of the Prospectus Regulation (EU) 2017/1129 of the European Parliament and the Council and applicable regulations, including Article L. 225-138 of the French Code de commerce. In addition, in accordance with the authorization granted by the general meeting of the Company's shareholders dated May 20, 2020, only the persons pertaining to the categories specified in the 19th resolution of such general meeting may subscribe to the Offering.

Application will be made to list the new shares to be issued pursuant to the Offering on Euronext pursuant to a listing prospectus subject to a visa application with the French Autorite des marches financiers ('AMF') and comprising the 2019 Universal Registration Statement (Document d'Enregistrement Universel 2019) registered with the AMF on April 22, 2020 under the number 20-0334, an amendment to the 2019 Universal Registration Document and a Securities Note (Note d'operation), including a summary of the prospectus.

This press release and the information it contains does not constitute an offer to sell, nor the solicitation of an offer to subscribe for or buy, new shares in the United States or any other jurisdiction where restrictions may apply including notably Canada, Australia or Japan.

The securities will be offered in the United States to persons reasonably believed to be qualified institutional buyers in accordance with Rule 144A under the Securities Act of 1933, as amended (the 'Securities Act'). The securities have not been and will not be registered under the Securities Act or any state or other jurisdiction's securities laws. Accordingly, the securities may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements under the Securities Act and any applicable state or other jurisdiction's securities laws. Copies of this document are not being, and should not be, distributed in or sent into the United States.

This communication is being distributed only to, and is directed only at (a) persons outside the United Kingdom, (b) persons who have professional experience in matters relating to investments falling within Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the 'Order'), and (c) high net worth entities, and other persons to whom it may otherwise lawfully be communicated, falling within Article 49(2) of the Order (all such persons together being referred to as 'relevant persons'). Any investment or investment activity to which this communication relates is available only to relevant persons and will be engaged in only with relevant persons. Any person who is not a relevant person should not act or rely on this communication or any of its contents.

Solely for the purposes of each manufacturer's product approval process, the target market assessment in respect of the new shares has led to the conclusion in relation to the type of clients criteria only that: (i) the type of clients to whom the new shares are targeted is eligible counterparties, professional clients and retail clients, each as defined in Directive 2014/65/EU, as amended ('MiFID II') and (ii) all channels for distribution of the new shares to eligible counterparties, professional clients and retail clients are appropriate. Any person subsequently offering, selling or recommending the new shares (a 'distributor') should take into consideration the manufacturers' type of clients assessment; however, a distributor subject to MiFID II is responsible for undertaking its own target market assessment in respect of the new shares (by either adopting or refining the manufacturers' type of clients assessment) and determining appropriate distribution channels. For the avoidance of doubt, even if the target market includes retail clients, the Sole Global Coordinator has decided it will only procure investors for the new shares who meet the criteria of eligible counterparties and professional clients.

This distribution of this press release may be subject to legal or regulatory restrictions in certain jurisdictions. Any person who comes into possession of this press release must inform him or herself of and comply with any such restrictions. This press release has not been independently verified and no representation or warranty, express or implied, is made or given by or on behalf of any of the Sole Global Coordinator or any of their parent or subsidiary undertakings, or the subsidiary undertakings of any such parent undertakings, or any of such person's respective directors, officers, employees, agents, affiliates or advisers, as to, and no reliance should be placed on, the accuracy, completeness or fairness of the information or opinions contained in this press release and no responsibility or liability is assumed by any such persons for any such information or opinions or for any errors or omissions. All information presented or contained in this press release is subject to verification, correction, completion and change without notice.

This press release provides information on McPhy's objectives, as well as forward-looking statements that do not constitute historical data and should not be considered as a guarantee that the facts stated will occur. This information is based on data, assumptions and estimates that McPhy considers reasonable. The Company operates in a competitive environment subject to rapid change and is therefore unable to anticipate all the risks, uncertainties or other factors likely to affect its business, their potential impact on its business or assess the extent to which the occurrence of a risk or combination of risks could cause actual results to differ materially from those identified in forward-looking information. This information is provided only as of the date of this press release. McPhy does not undertake to update any of this information or the forward-looking statements it is based on, unless a legal or regulatory obligation requires otherwise.

The Sole Global Coordinator is acting exclusively for the Company and no one else in connection with the Offering and will not regard any other person (whether or not a recipient of this press release) as its client in relation to the Offering and will not be responsible to anyone other than the Company for providing the protections afforded to its client nor for providing advice in relation to the proposed Offering. The Sole Global Coordinator is authorized and regulated by the Financial Conduct Authority in the United Kingdom.

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