Bifogade filer
EGM_11.06.2025_Horisont_Energi_FINAL_26.05.2025
Beskrivning
| Land | Norge |
|---|---|
| Lista | Euronext Growth Oslo |
| Sektor | Energi & Miljö |
| Industri | Energikällor |
2025-05-27 08:50:00
Stavanger, 27.05.2025
Horisont Energi AS (HRGI) is proposing a strategic realignment of its business
model with an even clearer focus on the CO2 storage project at Gismarvik, while
also planning a cash distribution of NOK 0.50 per share to the company's
shareholders.
The Board recommends that the Barents Blue project is to be spun off through the
distribution of shares in the subsidiary Horisont Ammoniakk AS. All shareholders
in Horisont Energi will receive one share in Horisont Ammoniakk for each share
they own in the parent company.
"The cash distribution gives our shareholders flexibility: they can reinvest in
Barents Blue or use the funds as they see fit," says Leiv Kallestad, CEO of
Horisont Energi.
Horisont Energi will continue to support the Barents Blue project with resources
through an existing service agreement and provide other necessary support during
the transitional period, but the spun-off company will independently operate
Barents Blue and continue existing dialogues with the project's stakeholders.
The Polaris carbon storage project will continue to be a part of Horisont
Energi.
"With this strategy, we strengthen our focus while providing shareholders with
direct value distribution and the opportunity for continued ownership in both
projects," concludes Kallestad.
For a more detailed description, please refer to the notice of the Extraordinary
General Meeting (Norwegian with English Office Translation) on June 11th, which
is attached.
For more information
Leiv Kallestad, CEO
+ 47 958 95 661
leiv.kallestad@horisontenergi.com
About Horisont Energi
Horisont Energi (EURONEXT: HRGI) is a Norwegian clean energy company that
provides clean energy and carbon transport and storage services. The company
plan to transform gas, water and renewable energy into cost-leading clean
ammonia and hydrogen and offer CO2 transportation and storage services using
proprietary technology, paving the way for a low carbon economy. The Horisont
Energi group includes three subsidiaries: Horisont Ammoniakk for the clean
ammonia business