Pryme N.V. - increase of capital to satisfy vesting under Pryme's long-term
incentive program
Rotterdam, 6 May 2024
Pryme N.V. has issued 109,050 new shares in its capital to satisfy the company's
commitments per the vesting of restricted stock units awarded to the
participants in:
(i) the 2022 long-term incentive plan for the period from 1 July 2022 through 30
June 2023, as approved by the 2022 AGM (50,450 shares), and
(ii) the 2023 long-term incentive program for the period from 1 July 2023
through 30 June 2024, as approved by the 2023 AGM (58,600 shares).
The shares have been issued in a notarial deed at par value of EUR 0.05 per
share, totaling an issue price of EUR 5,452.50 that has been set off against the
company's share premium reserve. The increase of share capital has been notified
to the Dutch Register of Business Enterprises. The new shares will be delivered
and tradeable on Euronext Oslo Growth market.
The Company's registered share capital following today's issuance of shares is
EUR 2,527,381.10, divided into 50,547,622 shares, each with a par value of EUR
0.05.
About Pryme | www.pryme-cleantech.com
Pryme N.V. is an innovative cleantech company focused on converting plastic
waste into pyrolysis oil through chemical recycling on an industrial scale. Its
efficient and scalable technology is based on a proven process that has been
further developed and enhanced with proprietary characteristics.
The company has initialized production at its first plant in the port of
Rotterdam, with an expected nameplate intake capacity of about 40,000 tons of
plastic waste annually.
Pryme's ambition is to contribute to a low-carbon circular plastic economy and
to realize the large rollout potential of its technology through the development
of a broad portfolio of owned-operated plants with strategic partners.
The company is listed on Euronext Oslo Growth market.
Pryme can be followed on LinkedIn.