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    NEL   NO0010081235

NEL ASA

(NEL)
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Real-time Oslo Bors  -  10:27 2022-09-27 am EDT
12.26 NOK   +1.32%
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Nel ASA: Share capital increase registered and sale of Nikola shares

08/17/2022 | 08:32am EDT

(Oslo, 17 August 2022) Reference is made to the stock exchange announcement by Nel ASA (the "Company") on 12 August regarding the issuance of shares in Nel ASA.

The share capital increase pertaining to the issuance of the 4,452,600 new shares has now been registered with the Norwegian Register of Business Enterprises. The Company's new registered share capital is 312,658,220.80, divided into 1,563,291,104 shares, each with a par value of NOK 0.20.

In addition, Nel ASA has now sold all its shares in Nikola. A total of 1,106,520 shares were sold for a total consideration of about USD 7.5 million. Nel has reported the holding in Nikola as a financial current asset. The sale does not in any way influence the good working relationship with Nikola.

ENDS

For further information, please contact:

Kjell Christian Bjørnsen, CFO, +47 917 02 097

Wilhelm Finder, Head of Investor Relations, +47 936 11 350

About Nel ASA | www.nelhydrogen.com

Nel is a global, dedicated hydrogen company, delivering optimal solutions to produce, store, and distribute hydrogen from renewable energy. We serve industries, energy, and gas companies with leading hydrogen technology. Our roots date back to 1927, and since then, we have had a proud history of development and continuous improvement of hydrogen technologies. Today, our solutions cover the entire value chain: from hydrogen production technologies to hydrogen fueling stations, enabling industries to transition to green hydrogen, and providing fuel cell electric vehicles with the same fast fueling and long range as fossil-fueled vehicles - without the emissions.

This information is subject to a duty of disclosure pursuant to Section 5-12 of the Norwegian Securities Trading Act.

This information was issued as inside information pursuant to the EU Market Abuse Regulation, and was published by Wilhelm Finder, Head of Investor Relations, at NEL ASA on the date and time provided.

https://news.cision.com/nel-asa/r/nel-asa--share-capital-increase-registered-and-sale-of-nikola-shares,c3615520

https://mb.cision.com/Main/115/3615520/1615768.pdf

(c) 2022 Cision. All rights reserved., source Press Releases - English

Stocks mentioned in the article
ChangeLast1st jan.
NEL ASA 1.32% 12.26 Real-time Quote.-20.45%
NIKOLA CORPORATION 1.30% 3.9 Delayed Quote.-60.99%
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Sales 2022 983 M 91,0 M 91,0 M
Net income 2022 -554 M -51,3 M -51,3 M
Net cash 2022 3 092 M 286 M 286 M
P/E ratio 2022 -34,7x
Yield 2022 -
Capitalization 19 161 M 1 774 M 1 774 M
EV / Sales 2022 16,3x
EV / Sales 2023 10,9x
Nbr of Employees 543
Free-Float 99,7%
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Mean consensus HOLD
Number of Analysts 21
Last Close Price 12,26 NOK
Average target price 15,54 NOK
Spread / Average Target 26,8%
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Hňkon Rypern Volldal Chief Executive Officer
Kjell Christians Bj°rnsen Chief Financial Officer
Ole Enger Chairman
Anders Soreng Chief Technology Officer
Finn Marum Jebsen Independent Director
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