Beskrivning
| Land | Norge |
|---|---|
| Sektor | Energi & Miljö |
| Industri | Miljö & Återvinning |
2021-06-28 18:45:11
Quantafuel ASA continues to strengthen its position in Denmark by acquiring the
remaining shares of Quantafuel Skive ApS ("Quantafuel Skive"). Quantafuel ASA
currently owns 76.3% of the shares in Quantafuel Skive, the operating company of
the Skive plant, and has now reached an agreement to acquire the remaining 23.7%
of the shares. The agreement is in line with the process and figure presented in
our Q1 2021 report, representing approx. 2% of the outstanding shares of
Quantafuel ASA.
Quantafuel ASA and the minority shareholders in Quantafuel Skive have agreed a
purchase price of NOK 116.9 million in full settlement of the shares. The
parties' shareholders agreements with respect to Quantafuel Skive will terminate
from completion of the transaction. Settlement will be made in 2.88 million
consideration shares in Quantafuel ASA. 1/3 of the consideration shares will be
subject to lock-up restrictions until 28 September 2021, and an additional 1/3
of the consideration shares will be subject to lock-up restrictions until 28
June 2022.
"As we move towards full production at Skive, taking full ownership of the plant
is in the best interest of Quantafuel. We are grateful to see that our long-term
partners and shareholders in Quantafuel Skive ApS have accepted consideration
shares in Quantafuel ASA, further underscoring our mutual commitment to the
plant and our business," says Kjetil Bøhn, CEO of Quantafuel ASA.
For further queries, please contact:
Kjetil Bøhn, CEO +47 91573818
Kristian Flaten, CFO +47 95092322
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.
This information is subject of the disclosure requirements pursuant to Euronext
Growth Oslo Rule Book - Part II section 3.10
This announcement was published by Kristian Flaten, CFO in Quantafuel ASA, on 28
June 2021 at 18:45 CET.