Vow ASA Announces Successful Settlement of VGM Shares

Author: Addison Perry Updated: 06-30-2025 10:59 AM

Vow ASA Successfully Concludes VGM Shares Settlement

Vow ASA is delighted to share that it has successfully finalized the settlement for its shares held in Vow Green Metals AS (VGM). The convertible loan provided to VGM has also been completely repaid. This achievement marks a significant milestone for Vow ASA (ticker VOW) as it continues to strengthen its financial position.

Details of the Settlement

In a recent announcement, Vow ASA confirmed the receipt of NOK 35.1 million from Midas Industri AS for the acquisition of 50,173,890 shares in VGM. This amount reflects the agreed offer price of NOK 0.70 per share, which was established during the emergence of the offer. The proceeds are strategically deployed for an additional installment on the term loan with DnB, highlighting Vow's commitment to maintaining financial health.

Repayment of Convertible Loan

Vow ASA also disclosed that it has fully repaid a convertible loan amounting to NOK 22.5 million. This loan was originally extended to cover the costs associated with VGM's termination with Obligo. This repayment mirrors Vow's broader strategy to efficiently manage its liabilities and ensure liquidity.

Future Collaboration with VGM

As Gunnar Pedersen, the CEO of Vow, expressed gratitude towards HitecVision for acquiring VGM shares, he emphasized the ongoing significance of VGM as a vital customer for Vow. Their continued collaboration is expected to result in mutual benefits as they align on various initiatives moving forward.

Vow ASA: Keeping the Environment in Focus

Vow ASA, alongside its subsidiaries Scanship, C.H. Evensen, and Etia, remains dedicated to combating pollution. Through innovative solutions, the company is transforming biomass and waste into valuable resources while generating clean energy. Their advanced technologies are pivotal for industries aiming for decarbonization and material recovery.

Innovative Solutions Offered by Vow

The company excels in converting various materials—such as sewage sludge, plastic waste, and end-of-life tires—into clean energy. This emphasis on renewable resources not only supports environmental sustainability but also positions Vow as a leader in the rapid shift towards a fossil-free future.

Market Leadership

As a frontrunner in wastewater purification, Vow provides efficient technologies that help other industries transition to sustainable practices. Their solutions are scalable, standardized, and patent-protected, showcasing a strong commitment to quality and effectiveness in managing waste streams.

For Further Information

For those interested in more details regarding Vow ASA's initiatives and strategies, several contacts are available. Gunnar Pedersen serves as the CEO and can be reached via telephone. Similarly, Cecilie Brænd Hekneby, the CFO, is available for inquiries pertaining to financial matters.

Frequently Asked Questions

What recent financial actions did Vow ASA take?

Vow ASA finalized the sale of its shares in Vow Green Metals AS and repaid a convertible loan, which enhances its financial position.

How much did Vow ASA receive from the shares sale?

The company received NOK 35.1 million from Midas Industri AS for its shares in VGM.

Who is Vow ASA's CEO?

Gunnar Pedersen is the current CEO of Vow ASA and plays an integral role in the company's strategic decisions.

What are Vow ASA’s contributions toward the environment?

Vow ASA focuses on developing technologies that convert waste into valuable resources, promoting a more sustainable approach to waste management.

What specific sectors does Vow ASA operate in?

Vow ASA operates in sectors such as wastewater purification, waste valorisation, and technologies for reducing environmental impact in various industries.

About The Author

Hello, I'm 30-year-old financial writer and expert Addison Perry, and I love to simplify the intricacies of the financial industry. I've committed myself over the years to deciphering the subtleties of investing techniques and economic trends and converting them into doable guidance that anybody can use. My goal with writings and books is to make money interesting and approachable so that readers may take charge of their financial futures.

My enthusiasm to empowerment and education has propelled me through my career in finance. I write because I think that everyone should be able to make educated financial decisions, and I try to provide that. Regardless of experience level with investing, my work is intended to provide insightful analysis and practical advice to enable you to thrive in the always changing financial environment. I appreciate you traveling with me toward success and financial literacy.

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