HydrogenPro AS – Options exercised

Oslo, 15 February 2021 - Reference is made to the admission document published by HydrogenPro AS ("HydrogenPro" or the "Company", ticker code "HYPRO-ME") on 13 October 2020, where HydrogenPro inter alia disclosed that the Company has issued options as compensation for providing guarantees in connection with convertible loans issued to the Company. 

The Company has received a notice of exercise of 36,995 options from Invest Corporate AS. Based on the exercise notice, the Company's board of directors has today, pursuant to an authorisation granted by the Company's general meeting on 7 June 2019, resolved to increase the Company's share capital with NOK 36.995 by issuing 36,995 new shares, each with a nominal value of NOK 0.001. In accordance with the option agreement, the options will be subscribed for at a subscription price of NOK 7 per share, and the capital increase will thus result in gross proceeds of NOK 258,969. 


For more information, please contact: 
Walter Qvam, Chairman 
+47 905 25 226 
Walter.qvam@miway.no 

Mårten Lunde, CEO 
+47 48 14 84 51 
marten@hydrogen-pro.com 

HydrogenPro in brief: 
HydrogenPro was founded in 2013 and the Company’s principal business is to provide customised turn-key plants for large-scale production of green hydrogen to global industrial clients. The Company’s activities include design, engineering and optimization of such plants, purchasing of parts, components and sub-systems for integration into complete plants and systems for hydrogen production. The activities also include commissioning and testing of such plants before they are accepted by clients of the Company. As part of its business model, the Company will also seek to secure service and maintenance agreements related to such hydrogen production plants. 

The Company aims to be a world leading designer and supplier of alkaline electrolyser technology plants and solutions that meet the highest requirements for safety, reliability and long lifetime at competitive cost. 

By combining in-depth knowledge from the electrolyser industry with innovative design and technologies, HydrogenPro continuously aspire to pioneer game-changing ideas and solutions to realise and maximise new opportunities in a smarter, sustainable and hydrogen powered future. The Company has been chosen supplier for several important contracts within the large-scale segment of the electrolyser market during the last couple of years and is now preparing itself for execution of these projects. HydrogenPro will shortly embark on a program to strengthen its organisation and recruit new talent interested in building a company which offer truly sustainable energy solutions for the future.