Completion of the demerger and registration of changes in the share capital

Get inside Wall Street with StreetInsider Premium. Claim your 1-week free trial here.

Reference is made to Vow ASA’s (the “Company” or “Vow”) inventory change announcement on 8 July 2021, relating to the final day of buying and selling in the shares inclusive of rights ( to consideration shares in Vow Green Metals AS (“VGM”).

Following shut of buying and selling at Oslo Børs right this moment, on 9 July 2021, the demerger, via which the biocarbon enterprise of Vow was demerged from Vow and merged into VGM towards distribution of shares in VGM to present shareholders of Vow (the “Demerger”), was registered with the Norwegian Register of Business Enterprises (Nw. Foretaksregisteret) and in the Norwegian Central Securities Depositary (the “VPS”).

The change ratio in the Demerger is 93.5 (remaining) / 6.5 (transferred). Upon completion of the Demerger, the share capital of Vow was diminished by NOK 742,689.155, from NOK 11,425,987 to NOK 10,683,297.845, by lowering the nominal worth of the present shares with NOK 0.0065, from NOK 0.10 to NOK 0.09350. Simultaneously with the discount of Vow’s share capital, VGM’s share capital was elevated with NOK 742,689.155, from NOK 326,086.956 to NOK 1,068,776.111, by the issuance of 114,259,870 consideration shares in VGM to the shareholders of Vow as of 9 July 2021 (the closing date) as registered in the VPS as of 13 July 2021 (the document date). The consideration shares every have a par worth of NOK 0.0065 and are issued at a ratio of one (1) consideration share in VGM for every share the eligible shareholders maintain in Vow as at the closing date, as proven in the VPS register of Vow as at the document date.

The consideration shares in VGM can be distributed on a professional rata foundation to shareholders of Vow as of the expiry of 9 July 2021 (the closing date), as such shareholders seem in the shareholders’ register for Vow in the VPS as of the document date, 13 July 2021. The first day of buying and selling in Vow shares unique of rights to consideration shares in VGM as demerger consideration will thus be 12 July 2021 (the, and the first day of buying and selling in the VGM shares on Euronext Growth Oslo can be 12 July 2021. It is anticipated that the consideration shares in VGM can be delivered and made accessible to the eligible shareholders of Vow on or about 14 July 2021.

Shareholders of Vow as of the expiry of the closing date as registered in Vow’s shareholders’ register with the VPS as of the expiry of the document date, will obtain one (1) consideration share in VGM for every share they personal in Vow as of the expiry of the closing date as recorded in the VPS on the document date.

Trading in the VGM shares on Euronext Growth Oslo will start previous to the supply of such shares to the eligible Vow shareholders’ VPS accounts. Trades throughout this era till supply of the shares to entitled shareholders’ VPS accounts can be settled on a T+2 foundation.

The above-mentioned capital changes have resulted in up to date articles of affiliation for each the Company and VGM.

VGM will, from Monday 12 July 2021, commerce underneath the ticker “VGM” on Euronext Growth Oslo with ISIN NO 001 1037483. The info doc ready by VGM in reference to its admission to buying and selling on Euronext Growth Oslo can be revealed by VGM on its ticker “VGM” on Newsweb previous to graduation of buying and selling of its shares on Euronext Growth Oslo.

There is not any change in the ISIN NO of Vow, which can nonetheless be NO 0010708068.

For extra info please contact:

Erik Magelssen, CFO, Vow ASA
Tel: +47 928 88 728
Email: [email protected]

About Vow

Vow and its subsidiaries Scanship and Etia are keen about stopping air pollution. The firm’s world main options convert biomass and waste into beneficial sources and generate clear power for a variety of industries.

Cruise ships on each ocean have Vow know-how inside which processes waste and purifies wastewater. Fish farmers are adopting related options, and public utilities and industries use our options for sludge processing, waste administration and biogas manufacturing on land.

With superior applied sciences and options, Vow turns waste into biogenetic fuels to assist decarbonise trade and convert plastic waste into gasoline, clear power, and high-value pyro carbon. The options are scalable, standardised, patented, and totally documented, and the firm’s functionality to ship is properly confirmed. They are key to finish waste and cease air pollution.

Located in Oslo, the mother or father firm Vow ASA is listed on the Oslo Stock Exchange (ticker VOW).

This info is topic to the disclosure necessities pursuant to the Continuing Obligations for Issuers of Shares in accordance with Oslo Rule Book II – Issuer Rules.



Related Posts