(Tiper Stock Exchange) – De Nora Industries, Italian multinational listed on Euronext Milan, specialized in electrochemistry and leader in sustainable technologies and in the emerging green hydrogen industry, announces that, today, thyssenkrupp AG and De Nora, together with thyssenkrupp
nucera, a leading global supplier of electrolysis technologies for use in green hydrogen plants, have identified a valuation range for the ordinary shares of thyssenkrupp nucera equal to a minimum of Euro 19.00 per share and a maximum of Euro 21, 50 per share.
The offer will have as object n. 30,262,250 shares and will consist of: 26,315,000 newly issued ordinary shares; and 3,947,250 ordinary shares offered by current shareholders De Nora and thyssenkrupp AG subject to potential over-allotment.
The range of valuation indicative corresponds to a post Capital Increase capitalization of between Euro 2.4 billion and Euro 2.7 billion.
Based on the indicative valuation range, thyssenkrupp nucera’s gross proceeds from the Capital Increase are estimated at approximately Euro 500 – 566 million and will be used to support the growth of thyssenkrupp nucera’s alkaline water electrolysis (AWE) technology business .
The offer period is expected to start on June 26, 2023 and end on July 5, 2023. The final offer price and the number of shares subject to the offer will be determined at the end of the bookbuilding process, tentatively scheduled for July 5, 2023 .
There trading start date of thyssenkrupp nucera shares on the regulated market (Prime Standard) of the Frankfurt Stock Exchange is expected on July 7, 2023.
The start of trading of the Shares is subject to the approval of the prospectus by the German Market Supervisory Authority (BaFin) and to the publication of the same, scheduled for 23 June 2023.