DJ RUBIS: Rubis becomes HDF Energy's second largest shareholder with 18.5% of the capital
RUBIS
RUBIS: Rubis becomes HDF Energy's second largest shareholder with 18.5% of the capital
24-Jun-2021 / 21:00 CET/CEST
Dissemination of a French Regulatory News, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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Paris, June 24, 2021, 9:00 pm
RUBIS becomes HDF ENERGY's second largest shareholder
with 18.5% of the capital
As announced in the press release of June 10, 2021, Rubis is investing in renewable energies participating in the IPO
of the HDF Energy, a world pioneer in hydrogen-electricity.
Rubis obtained 2.5 million of shares at a subscription price of EUR31.05 (i.e., a total investment of EUR78.6 million).
Rubis now holds 18.5% of the share capital and voting rights of HDF Energy, on a non-diluted basis (17% on a fully
diluted basis), thus becoming the second largest shareholder.
As a reminder, this investment is part of a strategic partnership which includes the following elements:
- Rubis will benefit, for a period of five years, from a priority to invest in projects that HDF Energy plans to
develop in Africa/Indian Ocean, in the Caribbean and in Europe, allowing Rubis to position itself as a majority
direct investor in renewable electricity production projects targeting double-digit Internal Rate of Return (IRR)
on the invested. In addition to this, outside of these areas, Rubis will have the option to invest in such a
project without requiring a majority stake;
- Rubis will provide HDF Energy with local knowledge and technical, logistical, administrative, and legal support for
the projects developed in the countries where Rubis is present and in which it has invested.
- Rubis SCA gets a seat at the Board of Directors of HDF Energy and with Rubis énergie a position of censor (censeur
).
About HDF Energy
HDF Energy, a world pioneer in hydrogen-electricity, develops high-capacity large scale Hydrogen-to-Power plants and
participates, through dedicated project companies, in their operations. These power stations will provide firm or
on-demand electricity from renewable energy sources (wind or solar), combined with high power multi-megawatt fuel cells
supplied by HDF Energy. HDF Energy has developed two types of turnkey Hydrogen-to-Power plants:
- Renewstable(R) (POWER-TO-POWER) multi-megawatt turnkey power plants producing firm renewable electricity. These
power plants are composed of an intermittent renewable source and a long-term on-site hydrogen energy storage;
- HyPower(R) (GAS-TO-POWER) plants that produce "on demand" electricity using green hydrogen or decarbonized hydrogen
harnessed from transport networks.
HDF Energy integrates key fuel cell know-how, under a memorandum of understanding with Ballard (seven-year exclusive
license agreement) and develops in France (Bordeaux area) the world's first mass production facility for high-power
fuel cells to produce energy, which will be brought into service in 2023. Through this activity HDF Energy will also
address the maritime and data center markets.
HDF Energy is an accelerator of the energy transition. By offering grid-friendly and stable decarbonized electricity
solutions. 100% renewable energy grids are now possible.
Find out more at: www.hdf-energy.com
About Rubis
Rubis, a company listed on Euronext Paris with market capitalization of nearly EUR4 billion at the end of 2020 (SBF 120),
specializes in the distribution of energy and bitumen, from supply to the end customer, and, through its Rubis Terminal
JV, in bulk liquid storage.
Rubis has a strong position in the distribution of LPG, considered in emerging markets as a transitional energy, and
bitumen, focusing on infrastructure projects in West Africa.
With revenue of EUR3.9 billion and distributed volumes of 5 million m3, the Group is recognized in the market for its
expertise and the quality of its services. Thanks to its international development strategy, Rubis now occupies strong
market positions in diversified products and segments in 41 countries in three regions: Africa/Indian Ocean, the
Caribbean and Europe.
Over the past 10 years, Rubis has achieved 9% compound annual growth in earnings per share and dividend per share.
Find out more at: www.rubis.fr/en
Press Contact Investor Relations
PUBLICIS CONSULTANTS - Aurélie Gabrieli RUBIS - Anna Patrice, Head of IR
Tel: +(33) 1 44 82 48 33
Tel: +(33) 1 45 01 72 32
aurelie.gabrieli@publicisconsultants.com
A.Patrice@rubis.fr
----------------------------------------------------------------------------------------------------------------------- Regulatory filing PDF file File: Rubis becomes HDF Energy's second largest shareholder with 18.5% of the capital
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Language: English
Company: RUBIS
46, rue Boissière
75116 Paris
France
Phone: +33 144 17 95 95
Fax: +33 145 01 72 49
E-mail: communication@rubis.fr
Internet: www.rubis.fr
ISIN: FR0013269123
Euronext Ticker: RUI
AMF Category: Inside information / Other releases
EQS News ID: 1211881
End of Announcement EQS News Service
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1211881 24-Jun-2021 CET/CEST
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