TECO 2030 ASA
(Lysaker,
The shares were issued at a price of
“We intend to use the net proceeds from the private placement to continue the development of our marine fuel cells, and for general corporate purposes,” said
The completion of the private placement and the issuance of the new shares were resolved by TECO 2030’s Board of Directors (the "Board") during a board meeting after market close on 22 June, pursuant to an authorisation given at the Company's annual general meeting on
Prior to resolving to complete the private placement, the Board considered the transaction structure in light of the obligation to treat all shareholders equally and not give anyone an unreasonable advantage at the Company's or the shareholders' expense. The Board carefully considered this and concluded that the private placement would be in the best interest of the Company and its shareholders.
Upon completion of registration of the private placement, the total number of shares in
The new shares will be listed on Euronext Growth on
Disclosure regulation
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
Contacts
Tore Enger , CEO, +4792083800, tore.enger@teco.no
About TECO 2030 ASA
TECO 2030 (OSE: TECO) tackles one of the biggest environmental challenges of our time: How can we combine continued economic growth with reduced emissions? By developing hydrogen fuel cells, TECO 2030 enables ships and other heavy-duty applications to become emissions-free. The company also delivers other solutions to help the maritime industry reduce its environmental footprints, such as exhaust gas cleaning and carbon capture systems for ships.
Attachments
- Download announcement as PDF.pdf
© NTB Norway, source
