Vow ASA Strengthens Position with New Share Capital Increase

Vow ASA Strengthens Position with New Share Capital Increase

Vow ASA, a pioneering company known for its commitment to sustainability, has made a significant move to strengthen its share capital. Recently, Vow ASA announced the successful registration of newly issued shares, positioning itself for future growth and sustainability in resource management.

Details of the New Share Issuance

The company successfully completed a fully underwritten rights issue, resulting in the issuance of 166,666,666 new shares. Each of these shares has a nominal value of NOK 0.0935, with a subscription price set at NOK 1.50. Additionally, 9,910,929 shares were allocated as Underwriting Commission Shares, further detailing the company’s robust underwriting strategy.

Regulatory Registration

The issuance of these shares has been officially registered with the Norwegian Register of Business Enterprises, confirming Vow ASA's increasing share capital.

Impact on Shareholders

Following this capital increase, Vow ASA's registered share capital amounts to NOK 27,247,626.571, divided into 291,418,466 shares. This move signifies a robust expansion strategy, which is likely to enhance shareholder value and drive further investments into the company's innovative projects.

Vow ASA's Mission and Innovations

Vow ASA and its subsidiaries, including Scanship, C.H. Evensen, and Etia, are dedicated to the urgent mission of combating pollution. They have developed world-class solutions that transform biomass and waste into valuable resources, generating clean energy applicable across various industries.

Technological Advancements

Utilizing advanced technologies, Vow ASA is at the forefront of industry decarbonization and material recycling efforts. Their innovative processes allow for the conversion of biomass, sewage sludge, plastic waste, and even end-of-life tires into clean energy, low-carbon fuels, and renewable resources. This not only helps in reducing waste but also replaces traditional fossil fuels, aligning with global sustainability goals.

Leadership in Wastewater Treatment

Vow ASA has established itself as a leader in wastewater purification and valorization of waste, particularly within the cruise industry. Their technological capabilities extend into niche markets such as food safety, robotics, and heat-intensive industries committed to cutting down carbon emissions.

Conclusion

The recent capital increase reflects Vow ASA's commitment to its vision of a sustainable future. By enhancing its share capital, Vow ASA is not just increasing its financial capacity; it is fundamentally reinforcing its mission to develop and implement cutting-edge solutions that contribute to environmental preservation and resource optimization.

For those interested in learning more about Vow ASA's initiatives and future projects, the company is led by CEO Henrik Badin, who can be reached at +47 90 78 98 25 or via email at henrik.badin@vowasa.com. Tina Tønnessen, the CFO, is also available for inquiries at +47 406 39 556 or by emailing tina.tonnessen@vowasa.com.

Frequently Asked Questions

What recent development has Vow ASA made regarding its shares?

Vow ASA has successfully registered an increase in share capital by issuing 166,666,666 new shares.

How much is the registration of the new share capital worth?

The registered share capital now amounts to NOK 27,247,626.571, divided into 291,418,466 shares.

What is the primary focus of Vow ASA's business?

Vow ASA focuses on converting waste into valuable resources and generating clean energy to combat environmental pollution.

Who can be contacted for more information about Vow ASA?

For inquiries, you can contact CEO Henrik Badin at +47 90 78 98 25 or CFO Tina Tønnessen at +47 406 39 556.

Which ticker symbol represents Vow ASA on the Oslo Stock Exchange?

Vow ASA is listed under the ticker symbol VOW on the Oslo Stock Exchange.

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