Rotterdam, 17 September 2024
Today Pryme N.V. (the "Company") has issued 10,620,777 new shares in its
capital.
The issuance of these shares has taken place in a notarial deed and has been
filed with the Dutch Chamber of Commerce today. These new shares have been
delivered today and are immediately tradeable on Euronext Growth Oslo.
The Company's registered share capital following today's issuance of shares is
EUR 3,058,419.95, divided into 61,168,399 shares, each with a par value of EUR
0.05.
The issue of shares took place in order to satisfy and to fully convert the
convertible loan of EUR 10,056,814 from Taranis Investment Limited ("Taranis")
to the Company that replaced Taranis' previous subscription to 10,620,777 shares
in the Company's private placement of 25 March 2024, as approved by the
Company's extraordinary general meeting on 25 June 2024. The conversion price
was EUR 0.9469 per share, corresponding to NOK 11.00 per share based on the
official EUR:NOK exchange ratio of 1:11.6170 on the date of the Company's
private placement.
For investor inquiries: ir@pryme-cleantech.com
About Pryme | www.pryme-cleantech.com
Pryme N.V. is an innovative cleantech company focused on converting plastic
waste into pyrolysis oil through chemical recycling on an industrial scale. Its
efficient and scalable technology is based on a proven process that has been
further developed and enhanced with proprietary characteristics.
The company has initialized production at its first plant in the port of
Rotterdam, with an expected nameplate intake capacity of about 40,000 tons of
plastic waste annually.
Pryme's ambition is to contribute to a low-carbon circular plastic economy and
to realize the large rollout potential of its technology through the development
of a broad portfolio of owned-operated plants with strategic partners.
The company is listed on Euronext Growth Oslo.
Pryme can be followed on LinkedIn.