Vow Asa ostoksilla:
https://newsweb.oslobors.no/message/556570
Responding to rapidly changing and growing demand from current and potential
customers in landbased industries, Vow ASA (OSE: VOW) has through its subsidiary
Scanship AS entered into an agreement to acquire all shares in C. H. Evensen
Industriovner AS (C. H. Evensen) (the Agreement). The agreed purchase price is
NOK 50 million.
“We are making three significant steps forward. We will have more and
complementary technologies in our toolbox, we will significantly increase our
capacity and ability to service a growing market and customer base, and we will
gain access to new customers in new industry verticals and markets,” said Henrik
Badin, CEO of Vow ASA.
Landbased industries across Europe are urgently searching for ways to reduce
dependence on fossil carbon and secure access to carbon neutral energy. For
many, replacing fossil products with advanced biocarbon and syngas produced from
organic (biogenic) waste and renewable feedstock is the only viable alternative.
“This trend is evident in high-temperature industrial processes, for instance in
traditional industries such as metal mills and manufacturing. Advanced biocarbon
materials is also increasingly relevant for battery production and other
emerging industries. And last but not least, tests are currently ongoing to
qualify CO2 neutral syngas for the pan-European gas grid. This would open an
entirely new chapter in the European energy market and for Vow ASA as technology
provider,” said Mr. Badin.
The transaction
Scanship AS has entered into the Agreement with the shareholder of C.H. Evensen
being C. H. Evensen Holding AS (the “Seller”) for the acquisition of 100 % of
the shares of C.H. Evensen. The Agreement contains customary warranties and
closing conditions.
The purchase price for 100 % of the shares in C. H. Evensen is NOK 50 million.
At closing, contemplated to take place towards end of March 2022, Scanship shall
settle the purchase price as follows:
- NOK 25 million shall be paid in cash to the Seller.
- NOK 25 million in seller’s credit (Vendor Note) payable by Scanship 14
months after closing.
Scanship signs the Vendor Note as the original issuer, and immediately upon the
issuance transfers all its rights and obligations under the Vendor Note to Vow
ASA. The purpose of the transfer to Vow is to facilitate a possible settlement
of the Vendor Note with Vow ASA shares. During the last month before the Vendor
Note’s settlement date, the Seller will have the right to elect to have the
Vendor Note (fully or partially) settled by receiving Vow shares at a price of
NOK 25 per Vow share.
Osa myyntihinnasta osakkeina, jos myyjä haluaa, ja hinta NOK 25 kruunua osakkeelta. Yhtiön osake seilaa tällä hetkellä n. 17 NOKissa. Usko ainakin kaupantekohetkellä osapuolilla, että 17 NOK ei ole järkihinta yhtiön osakkeesta.