Everfuel A/S – Disclosure of large shareholding and mandatory notification of trade
15 November 2024,
Reference is made to the previous stock exchange announcement on 15 November 2024 where Faro BidCo ApS announced the unconditional date of its unregulated recommended voluntary cash offer to the shareholders of Everfuel A/S (the "Company" or "Everfuel"), as further described therein and in the offer document dated 2 September 2024 (the "Offer Document").
Following the completion of the Share Contribution from the Rollover Shareholders (both as defined in the Offer Document), Faro BidCo ApS, being a person closely associated with primary insiders in Everfuel, has acquired 64,753,804 shares in Everfuel, each valued on the basis of the Offer Price of NOK 13 per Everfuel share, and holds a total of 64,753,804 shares in the Company, representing approximately 75.05 % of the share capital and votes in Everfuel. Consequently, Faro BidCo ApS has exceeded the 50% reportable threshold of the share capital and votes in the Company.
Following the completion of the Offer, which will take place no later than 20 November 2024, Faro BidCo ApS will exceed the 90% reportable threshold of the share capital and votes in Everfuel and intends to carry out a compulsory acquisition of the remaining shares in accordance with the Danish Companies Act Sections 70 and 72 and take steps to delist Everfuel's shares from Euronext Growth Oslo.
This information is disclosed by the Company in accordance with the requirements in section 4.3.1 of the Euronext Growth Markets Rule Book Part I and the Market Abuse Regulation article 19.
Please see the attached notification form received by the Company from Faro BidCo ApS in accordance with the Market Abuse Regulation article 19.
About the Company
Everfuel owns and operates green hydrogen infrastructure and partner with industry and vehicle OEMs to connect the entire hydrogen value chain and seamlessly provide hydrogen fuel to enterprise customers under long-term contracts. Green hydrogen is a 100% clean energy carrier made from renewable solar and wind power and key to decarbonising industry and transportation in Europe. Everfuel is an ambitious, rapidly growing company, headquartered in Herning, Denmark, and with activities in Denmark, Germany and The Netherlands, and a plan to grow across Europe. Everfuel is listed on Euronext Growth in Oslo under EFUEL.
