Circa Group AS: Completion of share capital increase
Oslo, 29 April 2021. Reference is made to the press release from Circa Group AS (the “Company”) published on 14 April 2021 regarding the resolution by the board of directors of the Company to increase the Company's share capital, for the purpose of fulfilling its obligations under the share lending agreement between the Company, Norske Skog ASA and Pareto Securities AS (the "Share Lending Agreement").
The issue of the 1,449,369 shares pursuant to the board resolution made on 14 April 2021, which will be used to settle the greenshoe option under the Share Lending Agreement, has today been registered with the Norwegian Business Register.
Following the issue of the shares, the Company has a total outstanding share capital of NOK 120,861,949 divided into 120,861,949 shares and votes, each with a nominal value of NOK 1 and carrying one vote.
About Circa
Established in 2006, Circa Group converts waste, non-food biomass into advanced bio-based chemicals with its proprietary Furacell™ process. Its developing product portfolio includes flavours, biopolymers, and bio-solvents including Cyrene™, an alternative to traditional polar aprotic solvents, which is produced in one step from platform biomolecule Levoglucosenone. By creating renewable chemicals from cellulose, Circa is extracting value from non-food, waste biomass and addressing a gap in the market by providing bio-based alternatives contributing to a more circular economy. In March 2021, Circa Group successfully listed on the Euronext Growth Market in Oslo, stock symbol CIRCA.
www.circa-group.com
Media Contact
Tony Duncan, CEO
tony.duncan@circa-group.com
www.circa-group.com