Nel ASA’s hydrogen refuelling division Cavendish Hydrogen has applied for admission for trading on the Oslo Stock Exchange.
Cavendish is looking to become a separate company, Cavendish Hydrogen ASA, and will list its shares on the Oslo Stock Exchange.
The spin-off and Listing are subject to the satisfaction of certain conditions. This includes “inter alia the approval by the Oslo Stock Exchange, the satisfaction of any conditions set for such approval, Nel’s Board of Directors resolving to distribute the shares in Cavendish to the shareholders of Nel, and approval of a listing prospectus by the Financial Supervisory Authority of Norway.”
H2 View understands that the spin-off and Listing remain on schedule for the end of Q2 2024, although “no assurance can be given that it will be completed.”
