GOTLANDSBOLAGET COMMITS TO SIGNIFICANT INVESTMENT IN PLAGAZI AND TAKES A STRATEGIC ANCHOR INVESTOR ROLE IN PLAGAZI'S CAPITAL RAISING PROCESS.
Gotland Tech Development AB, part of Rederi AB Gotland (publ) ("Gotlandsbolaget"), has committed to investing in Plagazi AB (publ) ("Plagazi" or the "Company") via a directed share issuance. Gotlandsbolaget's investment is crucial for the Company's development, market launch and establishment of hydrogen facilities. The directed share issuance to Gotlandsbolaget, as a strategic anchor investor, is part of the Company's capital raising strategy, together with Vator Securities AB ("Vator"), which also includes a directed share issuance to a few new investors and existing shareholders (as of mid-August 2022).
Gotlandsbolaget has through its commitment been given the opportunity to invest at a share price that will correspond to an ownership of approximately 10 percent of the total number of shares and votes in Plagazi, after further issuances, part of the company's capital raising strategy, directed to a few new investors and existing shareholders have been completed.
Gotlandsbolaget is Sweden's oldest passenger shipping company with operations that include ownership and operation of ferries, roll-on/roll-off, product tankers and hotel facilities. Gotlandsbolaget aims to develop a zero-emission class of vessel, Gotland Horizon, which is Sweden's first project to create a large-scale hydrogen-powered vessel for both passengers and cargo. Today, Gotlandsbolaget has over 750 employees, transports over 1.7 million passengers annually and has a turnover of SEK 2.3 billion (2021). Gotlandsbolaget is acting as a strategic anchor investor after several months of financial, legal and technical due-diligence. Gotlandsbolaget will take a seat on Plagazi's Board of Directors and will thus actively contribute to Plagazi's development. Plagazi's patented process and production of renewable and circular hydrogen at a competitive price enables strong business synergies between the companies. Gotlandsbolagets considers an investment in Plagazi of strategic importance for the company's future hydrogen-powered vessels. Gotlandsbolaget and Plagazi are now laying the foundation for a long-term, strategic and leading relationship between the companies.
“Gotlandsbolaget's investment in Plagazi is a historic milestone for our company and will actively add value to Plagazi's development as Gotlandsbolaget will take a seat on our board. Gotlandsbolaget's goal is to develop a zero-emission ship class powered by hydrogen, Gotland Horizon. Together with Plagazi's patented process and production of renewable and circular hydrogen at a competitive price, this goal is made possible. We look forward to an exciting journey and together leading the development of the hydrogen- and shipping market” - Torsten Granberg, CEO Plagazi AB (publ)
For further information, please contact:
Torsten Granberg, CEO, Plagazi AB (publ)
Email: torsten.granberg@plagazi.com
Phone: +46 70 676 12 34
About Plagazi AB (publ):
Plagazi AB is a Swedish clean-tech company which is revolutionizing the production of green hydrogen. Plagazi helps society close the circular loop by transforming waste into green hydrogen through plasma gasification, contributing to resolve the significant global issue of non-recyclable waste, renewable energy sources and carbon emissions. With multiple active projects across Europe, the company aims to become the answer to the continents strive to reach its climate goals.
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https://www.linkedin.com/company/plagazigreenhydrogrenfromwaste/
