OSLO, Norway - 11 May, 2026 - Agilyx ASA (OSE: AGLX: OTCQX: AGXXF: ISIN:
NO0010872468: WKN: A2QGQ) ("Agilyx" or the "Company") references the 4 November
2025 and 6 February 2026 stock exchange notices regarding successful placements
of Tranche 1 and the Bond Tap Issue of subordinated convertible bonds with
maturity date 30 June 2028 and with ISIN NO0013684860 (the "Convertible Bonds").
Agilyx today announces the successful placement of an additional EUR 10 million
of the Convertible Bonds, which will be carried out as an extension of the
current convertible bond framework and terms for the Convertible Bonds (the
"Bond Terms"), and hence be an additional tap issue thereunder (the "Second Bond
Tap Issue"). The transaction was backed by funds managed by Heimdal Fondene.
The proceeds will be largely utilized in a primary investment to support
GreenDot' GlobalŽs growth and strategic platform development. This includes
strengthening GreenDot's balance sheet to support expansion of plastic waste
sorting and recycling infrastructure across Austria, France, Germany, and Italy.
Ranjeet Bhatia, CEO of Agilyx, commented, "This placement reflects our continued
conviction in GreenDot as the leading circular plastic recycling platform in
Europe and our commitment to channeling capital directly into the business".
The Second Bond Tap Issue follows GreenDot's acquisition of French recycling
company RG Group earlier this year, expanding its European footprint with two
mechanical recycling facilities.
The Second Bond Tap Issue was priced at 97% of par value. The placement is
expected to settle on or about 15 May 2026 and was executed following a reverse
enquiry through Arctic Securities AS.
The Company refers to its stock exchange notice of 20 April 2026 regarding the
agreement to increase its shareholding in GreenDot Global S.àr.l. from 46% to
50.1%. To finance the acquisition of the additional 4.1% shareholding, the
Company entered into a vendor financing agreement provided by Pioneer Point.
Agilyx will use EUR 4.7 million to fully repay the vendor financing, and Pioneer
Point will in turn reinvest the funds directly into the GreenDot primary
offering alongside a corresponding investment from Agilyx, resulting in a total
cash investment into GreenDot from the Second Bond Tap Issue of EUR 9.3 million.
The Company will convene an extraordinary general meeting of its shareholders to
be held early June 2026 to seek a resolution to make the Convertible Bonds
convertible into Shares while disapplying shareholders' preferential rights, in
line with the previous Bond issues, and which the Board believes to be in the
best interest of the shareholders and the Company due to (a) a rights issue of
convertible loans most likely will have to be issued at less favorable terms for
the Company, and (b) such rights issue will take considerable time to conduct,
which is not feasible for the use of proceeds for the Second Tap Issue. The
Company will also summon for a bondholder resolution to make the necessary
amendments to the Bond Term to complete the Second Bond Tap Issue, which will
include increasing the existing framework to EUR 50 million and adjust the
conversion price re-set such that the conversion price following a Qualified
Capital Raise (as defined in the Bond Terms) will be the price set in such
raise. Bondholders representing more than 2/3 of the Voting Bonds have already
indicated they support the Second Bond Tap Issue and related amendments to the
Bond Terms.
Arctic Securities AS acts as manager for the Second Bond Tap Issue.
Advoktfirmaet BAHR AS acts as the Company's legal counsel and Capient AS is the
Company's capital markets and investor relations adviser.
This information is subject to the disclosure requirements pursuant to MAR
article 19 and Section 5-12 of the Norwegian Securities Trading Act.
About Agilyx
Agilyx ASA is a leading global investment platform supporting the development of
plastic waste feedstock supply to the recycling industry. Through its majority
holding in GreenDot Global, Europe's largest waste plastic recycling platform,
generating over EUR 400 million in annual revenues, Agilyx has access to large
volumes of post-use plastic and advanced sorting and recycling infrastructure in
Austria, France, Germany, and Italy, helping supply critical European-sourced
feedstock to the European recycling markets. Through arcLABS, Agilyx provides
services including characterization and identification of plastic streams that
can be turned into feedstock sources matched to recycling processes. Projects
range from small-scale lab, to full-scale identification and design of
commercial facilities. In addition, Agilyx markets Styrenyx, its proprietary
advanced recycling technology, to recycle polystyrene waste into recycled
styrene monomers for reuse in new, high-quality products. By enabling the shift
from a linear "make-take-waste" model to a circular economy, Agilyx helps solve
the crisis of plastic waste and supports the global transition to a low-carbon
future.
Inquiries: investors@agilyx.com
Learn more at: www.agilyx.com
For media resources, visit: https://www.agilyx.com/media-room/