Paris, December 2, 2021 – Jeantet advised Hoffmann Green Cement Technologies in the context of its share capital increase without preferential subscription rights of the shareholders by way of a public offering and with a priority period, on an irreducible basis only, for its shareholders and of a global placement on Euronext Growth Paris, for a total amount of €22.5 million.

The total number of subscriptions collected related to 1,845,441 shares, i.e. €41.5 million on the basis of the subscription price of €22.50, representing a subscription rate of 185% of the total amount of the share capital increase. This share capital increase received the support from existing shareholders of Hoffmann Green Cement Technologies and from leading French and international institutional investors.

The subscription period to the transaction took place:

  • from November 23, 2021 to November 29, 2021 (inclusive) for the priority period of existing shareholders and the public offering (mainly intended for natural persons); and
  • from November 23, 2021 to November 30, 2021 (inclusive) for the global placement for institutional investors.

This transaction led to the approval by the French market authority of an EU recovery prospectus in accordance with article 14a and annex Va of the Prospectus Regulation as amended by regulation (EU) 2021/337 of February 16, 2021.

This share capital increase will provide Hoffmann Green Cement Technologies with additional resources to develop its international business, particularly through its licensing strategy, and to accelerate its development in France.

Hoffmann Green Cement Technologies designs, produces and distributes innovative clinker-

free low-carbon cement with a substantially lower carbon footprint than traditional cement. Fully aware of the environmental emergency and the need to reconcile the construction sector, cement manufacturing and the environment, the Group believes it is at the heart of a genuine technological breakthrough based on altering cement’s composition and the creation of a heat-free and clean manufacturing process, without clinker. Hoffmann Green’s cements, currently manufactured on a first 4.0 industrial site with no kiln nor chimney in western France, address all construction sector markets and present, at equivalent dosage and with no alteration in the concrete manufacturing process, higher performances than traditional cement.

The settlement-delivery of the new shares and their admission to trading on Euronext Growth Paris occurred on December 2, 2021.

Portzamparc (BNP Paribas Group) acted as global coordinator, lead manager and joint bookrunner, as well as Financial Advisor. ODDO BHF SCA acted as global coordinator, lead manager and joint bookrunner in connection with the transaction.

– –

Jeantet (deal counsel): Cyril Deniaud (Partner, Capital Markets), Benjamin Cohu (Associate, Capital Markets), Claire Coquard (Associate, Capital Markets), Jean-Guillaume Follorou (Partner, Tax) and François-Xavier Siméoni (Associate, Tax).