Kurs & Likviditet
Beskrivning
| Land | Norge |
|---|---|
| Lista | Euronext Growth Oslo |
| Sektor | Energi & Miljö |
| Industri | Miljö & Återvinning |
2020-11-16 21:37:44
Reference is made to the stock exchange announcement by Quantafuel ASA
("Quantafuel" or the "Company") on 13 November 2020 regarding the Company's
third quarter results for 2020.
As discussed in the Q3 2020 report, Quantafuel has entered into an agreement
with the shareholders of Replast AS ("Replast") for the acquisition of all
outstanding shares in Replast, of which NOK 40 million shall be settled by the
issuance of consideration shares in the Company. Based on the authorisation
granted by the Company's extraordinary general meeting on 3 July 2020 (the
"Authorisation"), the board of directors has resolved to increase the Company's
share capital by NOK 8,000, by the issuance of 800 000 new shares to the
shareholders of Replast at a subscription price of NOK 50 per share.
Furthermore, the Company has entered into an agreement for the acquisition of
certain IP and licensing rights from the Company's catalyst development partner
Hulteberg Chemistry & Engineering AB ("Hulteberg") in connection with the
establishment of a new Quantafuel R&D centre in Malmø, Sweden. The purchase
price consists of a fixed consideration of SEK 10 million and a conditional
component limited upwards to SEK 4 million. 50% of the fixed consideration shall
be settled by the issuance of consideration shares in the Company. For these
purposes and based on the Authorisation, the board has resolved to increase the
Company's share capital by NOK 1,060, by the issuance of 106 000 new shares to
Hulteberg at a subscription price of NOK 50 per share. In connection with
completion of the agreement, Hulteberg and the Company will enter into a
separate cooperation agreement regarding the continuation of the companies'
existing cooperation.
Completion of the transactions are expected to take place during Q4 2020.
For further queries, please contact:
Kristian Flaten, CFO +47 95 09 23 22
About Quantafuel | https://quantafuel.com
Quantafuel is a technology-based energy company converting waste plastics back
into low-carbon synthetic oil products replacing virgin oil products. Quantafuel
is establishing, operating and owning dedicated plastic-to-liquid (PtL) plants
and plans to establish several plants throughout Europe and beyond.