Norwegian Crystals AS and the new Norwegian Crystals Operations have conducted Annual General Meetings 24 September 2020. All issues in both AGMs were approved and the "Effective Date "under the Short Term Liquidity Reinforcement Plan thus occured yesterday.

Gøran Bye, CEO of Norwegian Crystals said: 

“The consummation of this transaction not only saves Norwegian Crystals from bankruptcy, it marks a new phase where we can leverage the demonstrated operational improvements to become profitable and it allows time and attention to be spent also on the preparations, planning and execution of the growth ambitions – in Glomfjord, built on the loyal and skilled staff that has stood by the company in the though months behind us. We also thank all suppliers and our owners for the support that made it possible to create this solution that best serves the interest of all stakeholders.”

Further details are found in the attached Announcement and signed Minutes from the NCR AGM conducted 24 September 2020.