Agilyx ASA - Share Lending by Closely Associated Party of a Primary Insider
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR
INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN OR ANY
OTHER JURISDICTION IN WHICH THE DISTRIBUTION OR RELEASE WOULD BE UNLAWFUL THIS
ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED
HEREIN.
Reference is made to the stock exchange notice published by Agilyx ASA (the
"Company") regarding the successful placing of a private placement of new shares
in the Company (the "Private Placement"). To arrange for settlement of the
Private Placement, the Company has entered into a share lending agreement (the
"Share Lending Agreement") with Saffron Hill Ventures 2 LP ("SHV") and DNB
Markets, a part of DNB Bank ASA ("DNB Markets").
Pursuant the Share Lending Agreement and for the purposes stated above, SHV has
lent out 7,261,135 shares to DNB Markets. The shares will be redelivered to SHV
following registration of the share capital increase pertaining to the Private
Placement.
SHV is a close associate to board member Ranjeet Bhatia and the share lending is
therefore a notifiable transaction pursuant to the Market Abuse Regulation
article 19. Please see the attached forms for information regarding the share
lending for more information.
ABOUT AGILYX
Agilyx ASA is a technology company that enables customers to recycle
difficult-to-recycle post-use plastics to high value, virgin-equivalent
products. With a focus on diversion and conversion of plastic waste, Agilyx is
uniquely positioned with a chemical recycling technology offering and an
integrated feedstock solution by way of Cyclyx, an innovative feedstock
management consortium of partners that drives up global plastic recycling rates
by chemically fingerprinting plastic waste and matching it to appropriate
recycling processes. Agilyx was the first to establish a commercial scale waste
polystyrene chemical recycling facility via pyrolysis enabling closed loop
polystyrene plastic-to-plastic and holds 20 patents. Agilyx conversion
technology utilizes pyrolysis without a catalyst and can convert mixed waste
plastic to naphtha and fuels or depolymerize specific plastics such as
polystyrene and PMMA (acrylic) back into virgin-quality products. Learn more at
www.agilyx.com or follow us on LinkedIn.
CONTACTS
For investor inquiries:
Louise Bryant
SVP, Investor Relations & Sustainability
+44 7813 210 809
louise.bryant@agilyx.com