An extraordinary general meeting in FREYR AS (the "Company") was held today at 11 November 2020 at 15:00 (CET) in the offices of Advokatfirmaet BAHR AS at Tjuvholmen allé 16 in Oslo, Norway.
 
The minutes from the extraordinary general meeting is attached hereto. 
 
All items on the agenda were approved by the general meeting as proposed by the Board of Directors, including a resolution to increase the Company's share capital by issuing 7,500,000 new shares in a new class of convertible preference shares against a total share contribution of USD 7,500,000, the issuance of 92,500,000 warrants (as further described in our notice on 4 November 2020, the number of warrants which may be exercised shall be determined pursuant to the terms of the resolution and the remaining warrants shall lapse) and an authorization to the Board of Directors to increase the Company’s share capital with up to NOK 22,226.42.


For further information, please contact:
 
CFO Steffen Føreid, steffen.foreid@freyrbattery.com


About Freyr AS:

A Norwegian company developing, financing, constructing and operating environmentally friendly lithium-ion based battery cell facilities in Mo i Rana, Northern Norway. The company is developing an initial pilot plant, a scalable and modularized 2-25 GWh fast-track facility and a 32 GWh giga-factory using best available technology, globally leading partners and low-cost, renewable hydro and wind energy. FREYR will supply safe, high-density and cost competitive green battery cells to the rapidly growing markets for electric vehicles, energy storage, marine and aviation applications, and offshore segments in Europe and globally. FREYR is committed to supporting cluster-based R&D initiatives and the development of an ecosystem of scientific, commercial and financial stakeholders in Norway, Europe and USA to support the necessary expansion of the battery value chain in our region. For more info, go to: freyrbattery.com