Nel ASA: Update on acquisition of Proton OnSite
(Oslo, 11 May 2017) Reference is made to earlier stock exchange announcements regarding Nel ASA’s acquisition of Proton OnSite, including the extended announcement (the "Announcement") of 28 April 2017. As set out in the Announcement, the purchase price for Proton Onsite is USD 70 million on a cash and debt free basis and assuming a normalized working capital, and will be financed through USD 20 million in cash and USD 50 million in new shares of Nel valued at NOK 2.72 per share, in each case subject to certain adjustment mechanisms described in the Announcement. The number of