Fidelity Investments buys shares of Hydrogenics Corp.
BOSTON, MA, Mar 15, 2005 (Canada NewsWire via COMTEX) -- Fidelity Management & Research Company and Fidelity Management Trust Company, of 82 Devonshire Street, Boston, Massachusetts, USA, as well as Fidelity International Limited of 42 Crow Lane, Pembroke, Bermuda (hereinafter referred to as "Fidelity") announce that certain funds for which Fidelity serves as investment adviser have purchased 500,000 shares of Hydrogenics Corp. As a result of the purchase Fidelity currently holds 12,028,602 shares (or 13.15%) of Hydrogenics Corp.'s common stock. Fidelity has control but not ownership of these shares. Fidelity's purchase of Hydrogenics Corp.'s common stock was executed on the Toronto Stock Exchange.
Fidelity fund purchases have been made for investment purposes only and not with the purpose of influencing the control or direction of Hydrogenics Corp. The Fidelity funds may, subject to market conditions, make additional investments in or dispositions of securities of Hydrogenics Corp., including additional purchases or sales of common stock. Fidelity does not, however, intend to acquire 20% of any class of the outstanding voting or equity securities of Hydrogenics Corp.
VIEW ADDITIONAL COMPANY-SPECIFIC INFORMATION: newswire.ca
For further information: Kim Flood, Vice President, External
Communications, Fidelity Investments Canada Ltd., (416) 217-7566
News release via Canada NewsWire, Toronto 416-863-9350
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