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Oslo, 24 April 2023
Reference is made to the announcement by Quantafuel ASA ("Quantafuel") earlier today, 24 April 2023, regarding the consequences of the recommended cash offer for all outstanding shares in Quantafuel by Harald Norway Bidco AS (the "Offeror" a wholly-owned subsidiary of Viridor Limited, "Viridor") at an offer price of NOK 6.38 per Share (the "Offer"), being declared unconditional, with a final extension of the offer period until Friday, 28 April 2023 at 16:30 CEST.
Quantafuel's shareholders are hereby given notice of an extraordinary general meeting to be held on Friday, 12 May 2023 at 10:00 CEST (the "EGM"). The notice of the EGM, including the proposed resolutions and the proxy form, is attached to this stock exchange notice and will be sent to Quantafuel's shareholders with known addresses.
The EGM will be held as a digital meeting only, via https://web.lumiagm.com/. The meeting ID is 104-862-933. Further information and guidelines for digital participation, together with the notice and all the relevant documents for the EGM, will be made available on Quantafuel's website, https://www.quantafuel.com/general-meeting.
As further detailed in the notice of the EGM, settlement of the Offer is expected to take place on or about 5 May 2023, i.e. prior to the date of the EGM. At settlement of the Offer, all shares tendered under the Offer will be transferred to the Offeror, including all shareholder rights attached to them, against cash payment for the shares. This includes the right to participate and vote for the shares at the EGM.
For further details, please refer to section 1.12 (Shareholder rights) of the offer document dated 2 March 2023, available on https://www.dnb.no/markets/aksjer/emisjoner/oversikt-emisjoner/quantafuel-forside. The Offeror will announce through a stock exchange notice as soon as settlement of the Offer has been completed.
Quantafuel recommends all shareholders to accept the Offer prior to the expiry of the final offer period as set out above in order to conserve shareholder value.
For further queries, please contact:
Lars Rosenløv, CEO +47 93018040
Christian Bekkevold Nilsen, CFO +47 90277833
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.
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act and the Euronext Growth Rule Book part II.