Hoffmann Green Announces the Completion of an Issuance of Bonds Convertible Into New Shares and/or Exchangeable for Existing Shares for a Nominal Amount of Circa EUR 5 Million Subscribed by Eiffel Investment Group

Regulatory News:

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Hoffmann Green Cement Technologies (ISIN: FR0013451044, Ticker: ALHGR) ("Hoffmann Green Cement" or the "Issuer"), an industrial player committed to the decarbonation of the construction sector that designs and markets innovative clinker-free cements, announces the completion of an issuance of bonds convertible into new shares and/or exchangeable for existing shares (obligations à option de conversion et/ou d’échange en actions nouvelles ou existantes - OCEANE) (the “Convertible Bonds”) subscribed by funds managed by Eiffel Investment Group¹, for a nominal amount of circa EUR 5 million. Convertible Bonds will expire on 20 February 2029 (the "Maturity Date").

Use of proceeds of the transaction

The purpose of the issuance of the Convertible Bonds is to provide the Issuer with additional financial resources to support its industrial and commercial strategy.

Julien BLANCHARD and David HOFFMANN, Co-founders of Hoffmann Green Cement Technologies, say: "We are very proud of our achievements and our growth trajectory represented by a solid increase of our sales volumes in 2023 (+78% vs. 2022). This was a year of transformation of the company's profile, demonstrating our ability to grow in a highly dynamic market segment. The financial commitment of Eiffel Investment Group will strengthen our investments in our production capacities, our R&D, and our commercial offensive to continue accelerating our growth trajectory. This demonstration of interest from asset manager Eiffel Investment Group, a leading investor committed to financing sectors and innovative companies that have a positive impact on the environment, strengthens our position as a key player in the decarbonisation of the construction sector.”

Terms and conditions of the transaction

Main terms of the Convertible Bonds

Nominal value - Interest rate - Maturity

The issuance represents a nominal amount of EUR 4,999,997.44, corresponding to the issuance of 488,281 Convertible Bonds with a nominal value of EUR 10.24 each.

The subscription price of the Convertible Bonds is equal to their nominal value.

The nominal value of the Convertible Bonds represents a premium of 20% over the average closing price of Hoffmann Green Cement shares on the Euronext Growth market over the 60 trading days preceding their issuance (from 21 November 2023 to 15 February 2024) (and a premium of 4% over the closing price on 15 February 2024).