- Capital increase of €7 930 764 through the issuance of 1 762 392 new shares at a unit price of €4.50.
- Total demand of more than 8.5 million euros, representing an oversubscription rate of 108% (168% excluding subscription commitments).
- Settlement-delivery and listing of new shares on September 30, 2025.
Hoffmann Green Cement Technologies announced today that the results of its capital increase through the issuance of new shares with preferential subscription rights of the shareholders, for a total amount (including issuance premium) of € 7 930 764, with subscriptions taking place from September 11 to September 23, 2025 (included) (the 'capital increase').
As a reminder, the transaction is part of a wider financing of nearly €14 million, aimed at providing Hoffmann Green Cement Technologies with additional financial resources to manage its medium-term expenses (operating expenses, innovation financing, optimisation investments, debt interest payments).
Julien Blanchard and David Hoffmann, Co-founders of Hoffmann Green Cement Technologies, say: “We are very pleased with the success of this fundraising campaign, which reaffirms Hoffmann Green's attractiveness to investors. We would like to thank our three historical shareholders, as well as Vatel Capital, a leading player committed to financing innovative sectors and companies with a positive impact on the environment, for their participation. We also welcome the significant support of numerous individual investors, whose commitment to our company is a mark of confidence in the mission we are pursuing: decarbonising the construction sector.
Supported by this fundraising and the sustained momentum of our activities since the beginning of the year, we will accelerate our investments in our production capacity, R&D, and commercial strategy in order to consolidate our position as a leading decarbonised cement manufacturer in Europe and worldwide.”
Results of the capital increase
At the end of the subscription period, which closed on September 23, 2025, subscription requests amounted to 1 903 726 new shares, allocated as follows:
- 1 321 539 new shares were subscribed on an irreducible basis;
- 557 367 new shares were requested on a reducible basis; and
- 24 820 new shares were requested on a free basis,
corresponding to a subscription rate of circa 108% of the target amount of the capital increase (including subscription commitments received prior to the launch of the transaction). Subscription requests expressed on the number of new shares not covered by subscription commitments represent a subscription rate of 168% of such number of new shares.
1 321 539 new shares were subscribed on an irreducible basis, representing circa 75% of the new shares to be issued, and 440 853 new shares were subscribed on a reducible basis, representing circa 35% of the new shares to be issued.
The gross amount of the capital increase is €7 930 764, resulting in the issuance of 1 762 392 new shares with a nominal value of €1 each at a subscription price of €4.50 per share. The net amount is circa €7.6 million, corresponding to the gross amount less all fees and commissions related to the capital increase.
In accordance with their commitments, funds managed by Vatel Capital subscribed (i) on an irreducible basis, essentially for the number of preferential subscription rights previously purchased from Mr. Julien Blanchard and Mr. David Hoffmann, who together held directly and indirectly 49.54% of Hoffmann Green Cement Technologies' share capital as of September 4, 2025, i.e., 871 461 new shares, for a subscription amount of €3 921 574.50, and (ii) 17 806 new shares that were not subscribed on an irreducible basis during the subscription period for an additional subscription amount of €80 127.
In accordance with their respective commitments, Eludom, Hestia, shareholders of the Company, and Ms. Isabelle Mommessin, shareholder and member of the Company's supervisory board, placed subscription orders for the capital increase in the amount of €1 million each, on an irreducible and reducible basis. As the capital increase was oversubscribed, they subscribed for 222 222, 116 501, and 222 222 new shares, respectively, for a subscription amount of €1 million, circa €525 k and €1 million, respectively.
The settlement-delivery of the new shares and their admission to trading on Euronext Growth Paris are scheduled for September 30, 2025.
The new shares will carry dividend rights and will be traded on the same listing line as the existing shares (ISIN: FR0013451044).
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