Nel ASA: Notice of Extraordinary General Meeting

Nel ASA: Notice of Extraordinary General Meeting

28 Jun 2022 08:00 CEST

(Oslo, 28 June 2022) Nel ASA (Nel, OSE: NEL) calls for an Extraordinary General
Meeting to be held on 2 August 2022 at 15:00 (CET).

Please find the convening notice attached. Relevant documents and link for
registration are made available on www.nelhydrogen.com. The extraordinary
general meeting will be held as a physical event at Skøyen Atrium, Askekroken
11, 0277 Oslo, Norway.

At the annual general meeting in 2022, it was proposed that the Board was
granted one generic authorization to increase the Company's share capital, and
another authorization limited for use in connection with incentive programs.
Such authorizations require the support from at least 2/3 of the votes cast to
be approved. The generic authorization received the required support, but the
proposed authorization for incentive programs did not. The Board considers it in
the shareholders' interests that granted options under existing option programs
may be settled in shares rather than in cash, and has therefore decided to
present the matter again for renewed consideration by the shareholder meeting.
At the same time, it is specified that the proposed authorization is limited for
use in connection with already granted options under discontinued option
programs.

ENDS

For additional information, please contact:

Kjell Christian Bjørnsen, CFO, +47 917 02?097

Wilhelm Flinder, Head of Investor Relation, +47 936 11 350

About Nel ASA | www.nelhydrogen.com

Nel is a global, dedicated hydrogen company, delivering optimal solutions to
produce, store, and distribute hydrogen from renewable energy. We serve
industries, energy, and gas companies with leading hydrogen technology. Our
roots date back to 1927, and since then, we have had a proud history of
development and continuous improvement of hydrogen technologies. Today, our
solutions cover the entire value chain: from hydrogen production technologies to
hydrogen fueling stations, enabling industries to transition to green hydrogen,
and providing fuel cell electric vehicles with the same fast fueling and long
range as fossil-fueled vehicles - without the emissions.

More information:
Access the news on Oslo Bors NewsWeb site

565919_Release.pdf
565919_Nel_ASA_EGM_invitation.pdf

Source

NEL ASA

Provider

Oslo Børs Newspoint