Reference is made to today’s announcement regarding the proposed drop-down demerger.
Vow Green Metals AS (“VGM”) calls for an Extraordinary General Meeting on Friday 7 July at 15:00 CEST. The Board proposes that the Extraordinary General Meeting approves the proposed drop-down demerger plan (the “Drop-down”) whereby a part of VGM’s business (the “Follum Business”) is transferred to a separate, wholly owned subsidiary. The meeting notice is enclosed. Relevant demerger-merger documents will be made available on the Vow Green Metals’ website (www.vowgreenmetals.com/investors/general-meetings).
This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
For more information, please contact:
Peder Poulsson, Finance Manager, Vow Green Metals AS
Tel: +47 950 26 311
Email: peder.poulsson@vowgreenmetals.com
About Vow Green Metals
Vow Green Metals’ strategy is to be a leading producer of biocarbon and other carbon neutral products that enables the green transition in hard-to-abate industries. We are on a mission to accelerate the world’s transition to renewable materials by offering green alternatives to replace fossil reduction agents in the metallurgical industry. The core of our business is to build, own and operate biocarbon production plants using state-of-the-art pyrolysis technology to turn biomass and biomass waste-streams into our core product, biocarbon. Our biocarbon production process also creates other valuable products like bio-oil and bioenergy. With our standardized solutions, unique access to proprietary technology, and a growing global pipeline of projects, we are upholding our first mover position in a growing market where speed and scale will be determining factors. Vow Green Metals is building a new biocarbon industry on the shoulders of its main owner and technology partner, Vow ASA, which provides access to competence and capabilities acquired through decades of industrial innovation.