CO2 Capsol: Resolution to increase share capital
Oslo, August 11, 2022
The Board of Directors of CO2 Capsol AS (“CO2 Capsol” or the “Company”) has
today, pursuant to the board authorization granted by the Company's general
meeting held on 22 April 2022, resolved to increase the Company's share capital
with NOK 2,950,619 by the issuance of 2,950,619 new shares.
The new shares are issued in a private placement to Q Capital AS, T.D. Veen AS,
Middelborg Invest AS and Lighthouse Reef AS (collectively the “Subscribers”) in
connection with exercise of a contractual subscription right at a price of NOK
3.23 per share. The shares must be subscribed within one week of today. The
total subscription amount is NOK 9,530,499.37.
Further details regarding the subscription rights are set out in section 9.7.1
of the Information Document published by CO2 Capsol on 17 December 2021 in
connection with the admission to trading of its shares on Euronext Growth.
Following registration of the share capital increase in the Norwegian Register
of Business Enterprises, the Company will have a share capital of 53,533,395,
divided into 53,533,395 shares, each having a nominal value of NOK 1. Each share
carries one vote.
There are, following exercise of these subscription rights, no outstanding
warrants, share options or subscriptions rights except for the share option
program allocated to the Board and employees.
Share capital: NOK 53,533,395
Number of shares: 53,533,395
Par value of each share: NOK 1.00
For further information, please contact:
CO2 Capsol AS
Ingar Bergh
CFO
Mob: +47 926 20 330
E-mail: ingar.bergh@co2capsol.com
About CO2 Capsol
CO2 Capsol offers a cost competitive and environmentally friendly carbon capture
technology utilizing the safe solvent hot potassium carbonate (HPC). HPC has
been used for CO2 removal from gas streams for more than 70 years in different
industries globally and is a well-known process in the industry. What
differentiates CO2 Capsol´s HPC technology from other HPC (and amine)
technologies, is a patented energy-recuperation which keeps most of the energy
within the system, and optimal integration of the Company´s solution into the
host plant’s processes to decrease complexity and create new revenue streams for
the industrial emitter.
Due to strong interest in the Company´s technology, CO2 Capsol also offers the
mobile, containerised carbon capture demonstration unit, CapsolGo. CapsolGo is
an easy and affordable way for industrial emitters to test CO2 Capsol’s safe and
environmentally friendly HPC technology, and for many the first step towards a
full-scale carbon capture plant.
CO2 Capsol has a very competitive technology protected by IP rights. The base
case revenue model is to license out patents. We negotiate directly with project
owners or participate by collaboration with industrial players.
CO2 Capsol is listed on Euronext Growth Oslo, Norway (ticker: CAPSL).
https://www.co2capsol.com/news
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