Beskrivning
| Land | Norge |
|---|---|
| Lista | Euronext Growth Oslo |
| Sektor | Energi & Miljö |
| Industri | Miljö & Återvinning |
2024-06-05 22:16:08
Reference is made to the stock exchange announcement from Vow Green Metals AS
("Vow Green Metals" or the "Company") on 21 May 2024 regarding the Company
entering into an agreement for a total of NOK 70 million investment, split into
a share capital increase of NOK 20 million equity investment in cash from
Skagerak Energipartner AS, a wholly owned subsidiary of Skagerak Energi AS, and
a directed share capital increase of NOK 50 million in conversion of existing
debt from Vardar AS.
In accordance with the board authorisation to increase the share capital granted
by the annual general meeting on 23 May 2024, the board of directors of the
Company has today resolved the share capital increases related to the
above-mentioned investment. The share capital increases are expected to be
registered in the Norwegian Register of Business Enterprises (Nw.
Foretaksregisteret) within short, upon which the Company's new share capital
will be NOK 1,318,205.8305 divided into 202,800,897 shares, each having a par
value of NOK 0.0065.
For more information, please contact:
Jan Halvard Aas Møller, CFO, Vow Green Metals AS
Tel: + 47 901 15 375
Email: jan.moller@vowgreenmetals.com
About Vow Green Metals
Vow Green Metals' strategy is to be a leading producer of biocarbon and other
carbon-neutral products that enable the green transition in hard-to-abate
industries. We are on a mission to accelerate the world's transition to
renewable materials by offering green alternatives to replace fossil reduction
agents in the metallurgical industry. The core of our business is to build, own
and operate biocarbon production plants using state-of-the-art pyrolysis
technology to turn biomass and biomass waste-streams into our core product,
biocarbon. Our biocarbon production process also creates other valuable products
like bio-oil and bioenergy. With our standardized solutions, unique access to
proprietary technology, and a growing global pipeline of projects, we are
upholding our first-mover position in a growing market where speed and scale
will be determining factors. Vow Green Metals is building a new biocarbon
industry on the shoulders of its main owner and technology partner, Vow ASA,
which provides access to competence and capabilities acquired through decades of
industrial innovation.
This information is subject to the disclosure requirements pursuant to section
5-12 of the Norwegian Securities Trading Act.