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Agilyx - Further EUR 2 million tap issue increases total Convertible Bonds and financial flexibility
2026-02-09 16:26:39
OSLO, Norway - February 9th 2026 - Agilyx ASA (OSE: AGLX: OTCQX: AGXXF: ISIN:
NO0010872468: WKN: A2QGQ) (the "Company") today announces a further tap issue of
EUR 1,823,011 under its subordinated convertible bonds with maturity 30 June
2028 and ISIN NO0013684860 (the "Convertible Bonds"), supporting Agilyx
execution strategy through 2027. The Company refers to its stock exchange notice
dated 6 February 2026 regarding a EUR 14 million bond tap issue under the
Convertible Bonds and today announces a further tap issue of EUR 1,823,011 of
the Convertible Bonds (the "Subsequent Bond Tap Issue). Following the Subsequent
Bond Tap Issue, the full EUR 40 million framework has been issued. The
Subsequent Bond Tap Issue was conducted at 80% of par value, the same terms as
the previous tap issue, and was executed through reverse enquiry with Arctic
Securities. The placement is expected to settle on 5th March 2026, following an
extraordinary general meeting of shareholders to be held on or around 2nd March
2026 to seek a resolution to make the Convertible Bonds convertible into Shares
while disapplying shareholders preferential rights.
The Convertible Bonds issued in the Subsequent Bond Tap Issue will be subject to
the same terms and conditions as the existing Convertible Bonds, including
maturity, subordination, and interest terms. Following completion of the
Subsequent Bond Tap Issue, Agily further strengthens its liquidity position and
extends funding visibility in line with the execution of its updated strategy
through 2027.
Commenting on the transaction, Ranjeet Bhatia, CEO of Agilyx, said: "This
additional tap issue further reinforces our capital structure and provides
increased financial flexibility through 2027 as we continue disciplined
execution across our core operations. Combined with previously announced
measures, the Company is well positioned to fund its strategic priorities while
maintaining focus on cash generation and value creation." This information is
subject to the disclosure requirements pursuant to MAR article 19 and Section
5-12 of the Norwegian Securities Trading Act.
About Agilyx
Agilyx ASA is a leading global investment platform supporting the development of
plastic waste feedstock supply to the recycling industry. Through its 44% stake
in GreenDot Global, Europe's largest waste plastic recycling platform,
generating over EUR 400 million in annual revenues, Agilyx has access to large
volumes of post-use plastic and advanced sorting and recycling infrastructure in
Germany, Austria, and Italy, helping supply critical European-sourced feedstock
to the European recycling markets. Agilyx markets Styrenyx, its proprietary
advanced recycling technology, to recycle polystyrene waste into recycled
styrene monomers for reuse in new, high-quality products. By enabling the shift
from a linear "make-take-waste" model to a circular economy, Agilyx helps solve
the crisis of plastic waste and supports the global transition to a low-carbon
future.
Inquiries: investors@agilyx.com
Learn more at: www.agilyx.com
For media resources, visit: https://www.agilyx.com/media-room/