NHOA announces the launch and terms of its rights issue for a gross amount of around 250 million euros, the net proceeds of which (estimated at 243 million) will be used to strengthen its business model.

In particular, around 170 million euros of the proceeds will be used to develop and operate, on a proprietary basis, electric vehicle charging stations and energy storage systems.

The transaction, for which Taiwan Cement Corporation has undertaken to subscribe, will give rise to the issue of 249,663,040 new shares at a unit price of one euro. The subscription period will be open from September 1 to 12 inclusive.

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