Agilyx Secures EUR 20 Million in Convertible Bond Placement

Agilyx Achieves Major Milestone with Bond Placement

Agilyx ASA (OTCQX: AGXXF) has recently marked a significant achievement by successfully completing the placement of EUR 20 million in subordinated convertible bonds. This bold move strengthens the company's position in the advancing recycling market, enabling it to enhance its financial capabilities and investments in sustainability.

Details About the Convertible Bonds Issuance

The issuance consists of convertible bonds maturing in 2028. This offering highlights the intense interest in Agilyx's operations as investors recognized its potential. The bond's features include:

• Initial issuance amount: EUR 20 million
• Total available framework: EUR 40 million, with the first EUR 20 million allocated for this issuance
• Maturity date set for June 30, 2028
• Settlement expected around November 20, 2025
• Coupon rate fixed at 10%, with payments made semi-annually and settled with additional bonds (PIK interest)
• Reference share price fixed at EUR 1.6524
• Initial conversion price at EUR 1.9829, representing a premium of 20% over the weighted average share price for prior trading dates.

Next Steps for Agilyx Shareholders

To facilitate this issuance, Agilyx plans to convene an extraordinary general meeting of shareholders on or about November 18, 2025. During this meeting, a proposal will be made to convert the bonds into shares while excluding preferential rights usually granted to shareholders. This initiative has strong backing, with about 79% of voting rights pledged in favor of the resolution by major stakeholders, including Saffron Hill Ventures and Corvina Holdings Limited.

If the required majority fails to approve the proposal, the convertible bonds will not proceed to issuance, which could impact Agilyx's future financial strategies.

About Agilyx: Pioneering Plastic Recycling Solutions

Agilyx ASA is renowned for its innovative approach to tackling global plastic waste challenges. The company focuses on revolutionizing plastic waste feedstock supply to the recycling industry. Notably, Agilyx holds a 44% stake in GreenDot Global, the leader in Europe's waste plastic recycling sector, generating significant revenues and ensuring the efficient processing of materials across various European markets.

Agilyx collaborates with industry giants like ExxonMobil and LyondellBasell through its joint venture, Cyclyx, to refine and optimize plastic waste management. This collaboration aims to produce high-quality feedstock essential for the global plastic production market.

Additionally, Agilyx promotes its patented Styrenyx technology, which efficiently recycles polystyrene waste into reusable styrene monomers, contributing to sustainable product creation and a circular economy.

Conclusion: Agilyx’s Commitment to Sustainability

With the recent bond placement, Agilyx ASA is poised for continued growth and investment in innovative recycling technologies. By shifting towards sustainable practices, Agilyx not only addresses the pressing crisis of plastic waste but also encourages industry-wide transitions to low-carbon methods. This commitment reflects Agilyx's ambition to lead in both environmental responsibility and commercial success.

Frequently Asked Questions

What is the total amount of convertible bonds issued by Agilyx?

Agilyx has issued EUR 20 million in subordinated convertible bonds, with a total framework amount of EUR 40 million.

When do the convertible bonds mature?

The bonds are set to mature on June 30, 2028.

What is the coupon rate for the bonds?

The fixed coupon rate is 10%, with payments made semi-annually.

Who are the managers handling the bond issuance?

The bond issuance is managed by Arctic Securities AS and DNB Carnegie, which is part of DNB Bank ASA.

How does Agilyx contribute to recycling plastics?

Agilyx plays a crucial role in the recycling industry by providing technology and infrastructure to convert plastic waste into high-quality feedstock for global production.

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