OSLO, Norway - 14 April 2026 - Agilyx ASA (OSE: AGLX: OTCQX: AGXXF: ISIN:
NO0010872468: WKN: A2QGQ) ("Agilyx" or the "Company") has entered into a
settlement agreement with seven former employees, resolving all disputes and
legal proceedings before Oslo District Court relating to stock options granted
under the Agilyx ASA 2020 Stock Incentive Plan.
Under the settlement, 100% of the options held by five former employees are
cancelled. Two of the former employees retain a limited number of options, with
option exercise windows at the discretion of the Board and subject to volume
limitations.
In return for the cancellation of share options, Agilyx has waived its awarded
and potential further cost claims arising from the proceedings. The settlement
includes customary mutual releases, confidentiality provisions, and no admission
of liability, and is governed by Norwegian law.
The proceedings are being withdrawn with prejudice, and each party will bear its
own legal costs.
About Agilyx
Agilyx ASA is a publicly listed, technology-agnostic leader in plastic
recycling, focused on converting plastic waste into circular products and
value-creating solutions for the global plastics value chain. The Company works
with blue-chip partners and operates across mechanical and chemical recycling,
and proprietary technology development. Agilyx has operating exposure in Europe
through its ownership stake in GreenDot, a leading platform for sourcing,
processing, and supplying recycled plastic feedstock, and in the US through
strategic commercial arrangements and technology deployment. With funded
projects, reduced capital intensity, and a clear strategic focus, Agilyx is
positioned to drive sustainable growth and long-term value creation in the
circular plastics economy.
Inquiries: investors@agilyx.com
Learn more at: www.agilyx.com
For media resources, visit: https://www.agilyx.com/media-room/