Invitation to the Extraordinary General Meeting
Green Hydrogen Systems A/S, CVR-no. 30548701, is pleased to announce its Extraordinary General Meeting for shareholders to discuss essential corporate matters.
Date and Location
The meeting will take place on Thursday, 14 November 2024, at 9:30 CET at the Plesner Law Firm P/S, Amerika Plads 37, DK-2100 Copenhagen, Denmark.
Purpose of the Meeting
The primary reason for convening this meeting stems from the current financial situation of the Company. The Board of Directors has decided to seek broad authorizations from shareholders to facilitate the issuance of shares, convertible bonds, or warrants, particularly focusing on a rights issue. These proposals aim to provide the necessary flexibility for the Company to secure capital in an effective manner while considering the ongoing limitations associated with the nominal value of shares.
Capital Reduction Proposal
An important item on the agenda is the proposed capital reduction, which seeks to adjust the nominal value of each share from DKK 1 to DKK 0.01. This modification is critical to enhancing the Company’s financial maneuverability and facilitating potential capital increases.
Share Issuance and Authorizations
The Board will propose authorizations pertaining to the maximum number of shares that can be issued under the proposals. Specifically, the meeting will consider issuing up to three times and twenty times the current number of issued shares under different agenda items. This is crucial to expanding the potential for investment and shareholder value.
Webcast and Attendance
For shareholders unable to attend in person, the meeting will be broadcasted live via a Webcast. Shareholders are encouraged to participate online but should note that voting and question submissions will be limited solely to those present at the meeting.
Meeting Agenda Items
- Proposal to adopt a share capital reduction.
- Proposal to authorize the Board of Directors to issue shares without pre-emption rights.
- Proposal to issue authorizations for shares with and without pre-emption rights and warrants.
- Proposal for convertible bonds without pre-emption rights.
- Any other business that may arise.
Majority Requirements
It’s noteworthy that the proposals under items 1 - 4 will require at least two-thirds of the votes cast and two-thirds of the share capital represented for adoption, ensuring that decisions reflect substantial shareholder support.
Capital and Voting Rights
As of the notice date, the nominal share capital of Green Hydrogen Systems stands at DKK 187,733,902, divided into shares with a nominal value of DKK 1 each, equating to approximately 187,733,902 total votes.
Participation Rights
All shareholders holding shares in the Company on the date of registration are invited to attend and vote. This registration takes place on 7 November 2024, providing ample opportunity for participation.
Notification and Proxy Procedures
Shareholders wishing to attend must notify the Company by 11 November 2024. Additionally, proxies can be granted electronically or through a completed and signed form submitted via email. This allows for broader participation among shareholders, even if they can’t be present physically.
Postal Voting
To ensure that all shareholders can voice their opinions, postal voting is available. Votes must be submitted by 13 November 2024, and once cast, these votes cannot be revoked.
Further Information
Additional details, including the complete proposals and the Company’s latest financial documents, can be found on the Green Hydrogen Systems website. Shareholders are encouraged to review these materials to prepare for informed voting.
Frequently Asked Questions
What is the purpose of the Extraordinary General Meeting?
The meeting aims to discuss significant capital restructuring, enabling share issuance and adjustments to the nominal value of shares.
When will the meeting take place?
The meeting is scheduled for 14 November 2024, at 9:30 CET.
How can I participate in the meeting?
Shareholders can attend in person or follow the live Webcast. Notification must be given by 11 November 2024.
What is the capital reduction proposal?
The proposal seeks to reduce the nominal value of shares from DKK 1 to DKK 0.01 to enhance financial flexibility.
How can I cast my vote?
Votes can be cast in person at the meeting or via postal voting, which must be submitted by 13 November 2024.
