Lhyfe Moves from Euronext Paris to Join Euronext Growth in September
Green hydrogen producer Lhyfe announced on July 16, 2026, the implementation of its transfer from the regulated market of Euronext Paris (Compartment C) to the multilateral trading facility Euronext Growth Paris. This move will reduce its regulatory obligations and alter the conditions for accessing its financial data.
A Transfer Voted by Shareholders
The board of directors of Lhyfe initiated the implementation of the transfer on July 16, 2026, previously approved by the general assembly on May 22, 2026. The company will soon file a request for delisting from Euronext Paris and simultaneous admission to Euronext Growth Paris. Subject to Euronext's approval, the hydrogen producer plans an admission to Euronext Growth Paris as early as the beginning of September 2026. The group justifies this transition as an adaptation of the stock market framework to its size and maturity stage. Euronext Growth hosts over 500 listed companies, including industrial and technological firms, in an environment described as more flexible and less costly.
Easing of Regulatory Obligations
The transfer will result in a significant reduction in the regulatory obligations applicable to Lhyfe. The deadline for publishing the semi-annual financial report will be extended from three to four months after the semester's end, and the limited review by auditors on these semi-annual statements will no longer be mandatory. The annual report will be maintained but simplified, notably excluding the say-on-pay and certain elements related to public offerings. Lhyfe has indicated its intention to voluntarily retain some governance rules applicable to Euronext Paris, including the IFRS accounting framework and the audit committee. The company will continue to disclose inside information in accordance with Regulation (EU) 596/2014 and will maintain a liquidity contract after the transfer. Persons discharging managerial responsibilities will remain subject to the obligation to declare transactions on the company's securities.
Risks Related to Liquidity and Minority Protection
The transfer to Euronext Growth, a non-regulated multilateral trading facility, could lead to changes in the liquidity of the stock. Lhyfe has not quantified this potential impact. Regarding the protection of minority shareholders, the company will remain subject to the regime of mandatory public offers and the obligations to disclose information on threshold crossings applicable to Euronext Paris for three years following its delisting. Beyond this period, only crossings of thresholds of 50% and 90% of the capital or voting rights will need to be declared. Lhyfe has retained in its statutes the obligation to declare any crossing of the threshold of 2% of the capital or voting rights. The general assembly will no longer be consulted on the remuneration of corporate officers.
