16.2.2004: Meldung: Hydrogenics Corp.: Over-Allotment Option for 373,608 Common Shares

Hydrogenics Corporation Announces Exercise of Over-Allotment Option for 373,608 Common Shares

TORONTO, Feb. 12 -- Hydrogenics Corporation (Nasdaq: HYGS - News; TSX: HYG - News) announced today that the underwriters for its recently completed public offering have exercised their over-allotment option to acquire an additional 373,608 common shares of Hydrogenics at U.S.$5.75 (Cdn.$7.63) per share. The additional net proceeds to Hydrogenics from the exercise of the over-allotment option will be approximately U.S.$2 million resulting in total net proceeds from the offering of approximately U.S.$62 million. The over-allotment option is scheduled to
close on February 13, 2004.

On February 3, 2004 Hydrogenics completed the sale to the public in the United States and Canada of 11,000,000 common shares at U.S.$5.75 (Cdn.$7.63) per share. Citigroup acted as sole book-running manager, and National Bank Financial Inc. and TD Securities Inc. acted as co-managers for the offering. As part of the offering, the underwriters were granted an option to purchase up to 1,650,000 additional common shares to cover over-allotments.

Hydrogenics Corporation (www.hydrogenics.com) is a leading clean power generation company, engaged in the commercialization of fuel cell technology and test stations for fuel cells. The company is building a sustainable business, in a potentially "game changing technology" for transportation, stationary and portable power. Hydrogenics, based in Mississauga, Ontario, Canada, has operations in British Columbia, Canada, Japan, the United States and Germany.

Source: Hydrogenics Corporation
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