Reference is made to the stock exchange notice by Quantafuel AS earlier today pertaining to the notice of an Extraordinary General Meeting (“EGM”) to be held on 3 July 2020.
The Board of Directors wishes to accommodate the liquidity of Quantafuel’s shares. Furthermore, Quantafuel is exploring the possibility of a future listing of the shares on Oslo Børs. Based on said objectives and the proposed conversion of Quantafuel to a public limited liability company (ASA) to meet potential listing requirements, the Board has decided to propose a share split as further described below. The proposal will be presented for approval at the EGM.
Date on which the corporate action was made public: 25 June 2020
Split ratio: 1 old share will give 10 new shares
Last day inclusive right to have 1 share traded into 10 shares: 3 July 2020 (being the date of the EGM)
Ex-date: 6 July 2020
Record date: 7 July 2020
Date of approval: 3 July 2020
For further queries, please contact:
Kjetil Bøhn, CEO +47 91573818
Kristian Flaten, CFO +47 95092322
About Quantafuel | https://quantafuel.com
Quantafuel is a technology-based energy company converting waste plastics back into low-carbon synthetic oil products replacing virgin oil products. Quantafuel is establishing, operating and owning dedicated plastic-to-liquid (PtL) plants and plans to establish several plants throughout Europe and beyond.