|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||0.3105 - 0.3145|
|52 Week Range||0.0431 - 0.6200|
|Beta (5Y Monthly)||1.69|
|PE Ratio (TTM)||5.42|
|Forward Dividend & Yield||0.02 (5.21%)|
|Ex-Dividend Date||Aug. 27, 2020|
|1y Target Est||N/A|
The Extraordinary General Meeting in Saga Pure ASA will take place on 19 February 2021 at 10.00hrs (CET) at the premises of the Company at Sjolyst Plass 2, 7th floor in Oslo, Norway. Shareholders are requested to avail themselves of the possibilities of voting by proxy, as described in the notice of the meeting, and as far as possible to refrain from attending in person. Shareholders may submit their votes electronically in advance. Please see the instructions in the enclosed Notice. The Notice and the corresponding attachments will be available on the company's webpage www.sagatankers.no under "Investor Relations". For further information, please contact: Bjørn Simonsen, CEO, +47 97 17 98 21 Espen Lundaas, CFO, +47 92 43 14 17 This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act Attachments SAGA Notice to Extraordinary General Meeting Board of Directors statement on remuneration English and Norwegian_
Oslo, 28 January 2021 Reference is made to the stock exchange notice from Saga Pure ASA ("Saga Pure" or the "Company") published on 12 January 2021 regarding commencement of the subscription period in the following subsequent offerings: A subsequent offering with gross proceeds of up to NOK 8.4 million (the "Subsequent Offering I"), consisting of an offer of minimum 1 and maximum 4,000,000 new shares (each an "Offer Share I") in the Company to eligible shareholders, each Offer Share I at a subscription price of NOK 2.10;A subsequent offering with gross proceeds of up to NOK 14.21 million (the "Subsequent Offering II"), consisting of an offer of minimum 1 and maximum 4,900,000 new shares (each an "Offer Share II") in the Company to eligible shareholders, each Offer Share II at a subscription price of NOK 2.90; andA subsequent offering with gross proceeds of up to NOK 19.68 million (the "Subsequent Offering III", and together with the Subsequent Offering I and Subsequent Offering II, the "Subsequent Offerings"), consisting of an offer of minimum 1 and maximum 4,800,000 new shares (each an "Offer Share III", and together with the Offer Shares I and the Offer Shares II, the "Offer Shares") in the Company to eligible shareholders, each Offer Share III at a subscription price of NOK 4.10; The subscription period for the Subsequent Offerings ended on 27 January 2021 at 16.30 hours (CET), and the Company's Board of Directors has now approved the final allocation of the Offer Shares in the Subsequent Offerings in accordance with the allocation criteria for each Subsequent Offering. Further information about the results of each Subsequent Offering is set out below. In the Subsequent Offering I, a total of 55,777,701 Offer Shares I were subscribed for out of 4,000,000 Offer Shares I available, implying an oversubscription of 51,777,701 Offer Shares I. The Board has allocated 4,000,000 Offer Shares I to the subscribers in the Subsequent Offering I. The Subsequent Offering I consequently raised gross proceeds of NOK 8.4 million.In the Subsequent Offering II, a total of 35,299,440 Offer Shares II were subscribed for out of 4,900,000 Offer Shares II available, implying an oversubscription of 30,399,440 Offer Shares II. The Board has allocated 4,900,000 Offer Shares II to the subscribers in the Subsequent Offering II. The Subsequent Offering II consequently raised gross proceeds of NOK 14.21 million.In the Subsequent Offering III, a total of 828,592 Offer Shares III were subscribed for out of 4,800,000 Offer Shares III available. The Board has allocated 828,592 Offer Shares III to the subscribers in the Subsequent Offering III. The Subsequent Offering III consequently raised gross proceeds of approximately NOK 3.4 million. Notifications of allocation in the Subsequent Offerings are expected to be issued on 28 January 2021. The due date for payment of allocated Offer Shares is on 2 February 2021. Delivery of the Offer Shares is expected to take place on or about 5 February 2021, through the facilities of the VPS. Trading in the Offer Shares on Euronext Expand is expected to commence on or about 5 February 2021. Fearnley Securities AS acts as manager for the Subsequent Offerings. Advokatfirmaet CLP DA acts as Norwegian legal counsel to the Company in connection with the Subsequent Offerings. For other questions, please contact:Bjørn Simonsen, CEO, +47 97 17 98 21Espen Lundaas, CFO, +47 92 43 14 17 This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.
(Oslo, 25 January 2021) Saga Pure ASA (Saga, OSE: SAGA) has as a cornerstone investor, committed to subscribe and be allocated shares for NOK 30 million in a private placement of new shares (the “Private Placement”) in CRC Holding B.V (“Pryme”). Following the Private Placement Saga will own approximately 4% of the company. “Over the last few years the world has come to truly understand the negative impacts plastic waste has on the ecosystems, and there is a strong need for innovative solutions to tackle the issue. One important pillar for handling the plastic issue is efficient recycling. Pryme has developed a solution which combines a high conversion rate along with large scale, both crucial to improve the economics of such operations, and by utilizing electricity for the process also enables a potentially zero overall carbon footprint,” says Bjørn Simonsen, CEO of Saga Pure. Pryme is a company based in Rotterdam, the Netherlands with an experienced team with background from the recycling, raw materials, pyrolysis, chemical and construction industry. The company will use a modified pyrolysis process to convert plastic waste into pyrolysis oil, which will be further refined downstream for production of new plastics. Pryme has entered into feedstock supply agreement with Suez, a leading European waste management company. Further the company has signed LOI with Shell Chemicals for off-take and downstream development. The company will use the net proceeds from the Private Placement to build the organization and start the construction of the first plant in Rotterdam, which is scheduled to start production early 2022. ENDS For further information, please contact:Bjørn Simonsen, CEO, +47 97 17 98 21 About Saga Pure ASA Saga Pure is an investment company focusing on opportunities within renewable energy, hydrogen, circular economy and CO2-reductions.