GET GROUP’S SUBSIDIARY GEOTHERMAL DIGITAL ASSETS LIMITED HAS TODAY ISSUED THE WORLD’S FIRST DIGITAL TOKEN WITHIN GEOTHERMAL ENERGY
Digital Geothermal Assets Limited (’DGA’), a wholly owned subsidiary of GET Group AB (publ), has today issued 100 million GET Geo Tokens (‘uGETG’). It is GET Group’s intention to distribute a percentage of the uGETG tokens to its shareholders and list the tokens on the Ultra Exchange.
DGA is responsible for the current- and future geothermal digital assets strategy of GET Group. DGA has today issued 100 million uGETG tokens to DGA. It is the world’s first digital token within geothermal energy. The uGETG tokens have a nominal par value of 0.001 Ven per token.
The uGETG token is the geothermal master token that allows the holder direct rights and benefits, including preferred early access to ongoing Get Group token series projects. Get Group also has the intention on giving access to collaboration and voting hubs related to geothermal development, traceability and planned staking liquidity. The uGETG token will be a key component for investors interested in investing in tokens within geothermal development, granting early access to Get Group token series projects through pre-purchase rights.
As part of the Company’s closed loop token approach, subject to approval by an Extraordinary General Meeting (‘EGM’) in GET Group, a percentage of the uGETG tokens will be distributed to the GET Group shareholders on a pro-rata, opt-in basis and free-of-payment. The uGETG tokens will be listed on the Ultra Exchange approximately three days following the EGM enabling verified individual-, corporate- and institutional investors to own and trade the uGETG token on an exchange.
Through this approach, Get Group shareholders may benefit directly from future changes in the uGETG token value, in addition to the indirect exposure to the uGETG token value they already have as shareholders of GET Group.
“Following the development and listing of the uGETG token on the Ultra Exchange, the one initial investment made by our shareholders becomes two – as a shared universal reward.” says Lars Christian Beitnes, CEO of GET Group.
For more information about the Company, please contact:
Lars Christian Beitnes, CEO
Telephone: +46 707 70 54 30
Email: ir@getgroup.se
www.getgroup.se
This is information that GET Group AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, on 16 February 2022 at 8:00 CET.
About GET Group
GET Group AB (publ) is an investment company focused on energy and sustainability. We are creating the world’s most compelling listed ESG company, by owning and financing the unique technology companies that are committed to energy production and energy saving. GET Group AB (publ), c/o Mcon AB, Södra Larmgatan 4, SE-411 16 Gothenburg. For more information: www.getgroup.se | www.rock.energy | www.lightcircle.io