Lhyfe Considers Moving from Euronext Paris to Euronext Growth: What Changes
Green hydrogen producer Lhyfe is considering transferring the listing of its shares from the regulated market of Euronext Paris to Euronext Growth Paris. This decision, adopted by the Board of Directors on March 30, 2026, will be submitted for shareholder approval at the general meeting on May 22, 2026.
Board Decision on Market Transfer
During its meeting on March 30, 2026, the Board of Directors of Lhyfe (FR0014009YQ1) decided to initiate a project to transfer the listing of its shares to Euronext Growth Paris, a multilateral trading facility aimed at growth companies. According to the statement, this project is part of an adaptation of the stock market framework to the size and development profile of the company. The transfer would be carried out through an accelerated procedure involving only existing shares, without the issuance of new securities. Euronext Growth Paris currently hosts over 500 listed companies, including those in the industrial, technology, and energy transition sectors.
Regulatory and Governance Easements
The transfer involves several regulatory and governance easements. The deadline for publishing the half-year financial report will be extended from 3 to 4 months. The limited review of the semi-annual financial statements by the statutory auditors will no longer be mandatory, and the content of the management report will be reduced. Several obligations will cease: the approval of the remuneration of corporate officers (say-on-pay) by the general meeting, mandatory rules of parity within the Board of Directors, provisions related to the audit committee, as well as certain obligations related to general meetings concerning the publication of documents and broadcasting. Lhyfe indicates its intention to voluntarily maintain the audit committee and the IFRS accounting standards as good practices. The protection of minority shareholders will be ensured by the mandatory public offer mechanism in case of crossing the threshold of 50% of the capital. Lhyfe will remain subject to certain obligations applicable to companies listed on Euronext Paris for 3 years following its delisting.
Conditions and Impact of the Transfer
The transfer remains conditional upon shareholder approval at the general meeting on May 22, 2026, and the agreement of Euronext. The precise impact of the transfer on the liquidity of the stock is not quantified, the statement only specifying that a change in liquidity could result from the transition from a regulated market to a multilateral trading system. The exact timetable of the transfer – including the date of submission of the application to Euronext and the date of delisting/admission – will be communicated later, with an indicative period of 2 to 3 months between the favorable vote and the effective admission on Euronext Growth, at the earliest from July 22, 2026.
