Reference is made to the stock exchange notice byQuantafuel ASA ("Quantafuel ") earlier today regarding the acquisition of 40% of the shares in Geminor Invest AS against a purchase price ofNOK 168 million to be settled in 2,720,044 consideration shares inQuantafuel plus a cash element of approximatelyNOK 2 million . As further discussed in the notice, the issue of the consideration shares inQuantafuel was resolved by the board of directors today by use of the board authorisation granted byQuantafuel's extraordinary general meeting on3 July 2020 . Following the issue of the consideration shares,Quantafuel's issued share capital will beNOK 1,385,462.61 divided on 138,546,261 issued shares, each with a par value ofNOK 0.01 . For further queries, please contact:Kristian Flaten , CFO +47 95 09 23 22 AboutQuantafuel | https://quantafuel.comQuantafuel is a technology-based energy company converting waste plastics back into low-carbon synthetic oil products replacing virgin oil products.Quantafuel is establishing, operating and owning dedicated plastic-to-liquid (PtL) plants and plans to establish several plants throughoutEurope and beyond.
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