Brief: Saga Pure Invests NOK 30 Mln In Chemical Recycling Co Pryme

Saga Pure ASA

25/01/2021 07:56

Jan 25 (Reuters) - Saga Pure ASA  SAGT.OL :
    * SAGA PURE ASA: INVESTS NOK 30 MILLION IN THE CHEMICAL
RECYCLING
COMPANY PRYME
    * FOLLOWING PRIVATE PLACEMENT SAGA WILL OWN APPROXIMATELY 4%
OF
COMPANY
    * HAS AS A CORNERSTONE INVESTOR, COMMITTED TO SUBSCRIBE AND
BE
ALLOCATED SHARES FOR NOK 30 MILLION IN A PRIVATE PLACEMENT OF
NEW SHARES
    * COMPANY WILL USE NET PROCEEDS FROM PRIVATE PLACEMENT TO
BUILD
ORGANIZATION AND START CONSTRUCTION OF FIRST PLANT IN ROTTERDAM,
WHICH IS SCHEDULED TO START PRODUCTION EARLY 2022

Source text for Eikon:  ID:nGNEb8bqb 
Further company coverage:  SAGT.OL 

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