Reference is made to the extraordinary general meeting held on 11 November 2020, where the general meeting resolved to authorise the board of directors to increase the share capital of FREYR AS (the Company) with up to NOK 22,226.42, by way of issuance of common shares to KIC InnoEnergy SE. The board of directors have resolved to increase the Company’s share capital with NOK 22,088.65 by issuing 2,208,865 common shares, each with a nominal value of NOK 0.01. The share capital increase was registered in the Business Registry on 15 January 2021.

Following the share capital increase and issuance of shares, the Company’s share capital is NOK 2,166,968.27 divided on 209,196,827 common shares and 7,500,000 convertible preference shares, each with a nominal value of NOK 0.01.


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Contact details
CFO Steffen Føreid, steffen.foreid@freyrbattery.com 


About FREYR AS
FREYR plans to develop over 40 GWh of battery cell production capacity by 2025 to position the company as one of Europe’s largest battery cell suppliers. The facilities will be located in the Mo i Rana industrial complex in Northern Norway, leveraging Norway’s highly skilled workforce and abundant, low-cost renewable energy sources from hydro and wind in a crisp, clear and energized environment. FREYR will supply safe, high energy density and cost competitive clean battery cells to the rapidly growing global markets for electric vehicles, energy storage, marine and aviation applications. FREYR is committed to supporting cluster-based R&D initiatives and the development of an international ecosystem of scientific, commercial, and financial stakeholders to support the expansion of the battery value chain in our region. For more information, go to www.freyrbattery.com.