Skip to main content

AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

Pryme N.V. Director's Dealing 2022

Sep 9, 2022

8192_dirs_2022-09-09_307957d2-f6a7-4018-a7f0-d193fbd214bb.pdf

Director's Dealing

Open in viewer

Opens in your device viewer

Pryme N.V. - Notification of transaction by primary insiders/close associates.

Circular Plastics Coöperatief U.A., and Mr. B. van Vliet have entered into an agreement to acquire 1,300,000 shares in Pryme N.V. from Omnis C.V..

Circular Plastics Coöperatief U.A. ("Circular Plastics Fund") currently owns 6,022,376 shares (18.3%) of the shares of Pryme N.V.

Mr. B. van Vliet currently owns 7,494,902 shares (22.7%) of the shares of Pryme N.V. partly directly and personally and through his owned and fully controlled investment vehicle Oliphant Holding SA.

Omnis C.V. is an entity owned and fully controlled by Mr. J. D. van der Endt, the founder of Pryme N.V. Omnis C.V. currently owns 7,375,500 shares (22.4%) of the shares in Pryme N.V.

Due to its financial obligations, Omnis C.V. has decided to sell 1,300,000 shares (the "Transaction") of which 650,000 shares will be acquired by Circular Plastics Fund and 650,000 shares by Mr. B. van Vliet. As an integral part of the agreement between the parties, Omnis has also entered into a lockup agreement for its remaining shares until June 2023. Omnis C.V. represents that it will not sell shares in Pryme N.V. before the expiration of this lock up agreement.

The key terms of the agreement are that Circular Plastics Fund and Mr. B. van Vliet each purchase 650,000 shares in Pryme N.V. from Omnis C.V. for a combined volume of 1,300,000 shares. The transaction price is EUR 0.575 per share and the NOK equivalent will be calculated based on the NOKEUR exchange rate on the day of closing of the Transaction.

Following the Transaction, the shareholding for each of the involved parties is estimated to be as follows:

Holdings per 9 sep 2022 Transaction Estimated Holdings per 20 sep 2022
Shares % Shares %
B. van Vliet 7,494,902 22.7% 650,000 8,144,902 24.7%
Circular Plastics Fund 6.022.376 18.3% 650,000 6,672,376 20.2%
Omnis CV 7,375,500 22.4% (1,300,000) 6,075,500 18.4%

The Transaction is scheduled to close on or about September 20, 2022. The filing of the full disclosure documents will take place at the time of the completion of the Transaction.

"By undertaking this Transaction Circular Plastics Fund and Mr. B. van Vliet reinforce their commitment and strong support of Pryme and its activities to convert plastic waste to oil by utilizing Pryme's unique large and scalable reactor technology." say Mr. J.W. Muller of Circular Plastics Fund and Mr. B. van Vliet in a joint statement.

This information is subject to the disclosure requirements pursuant to article 19 of the EU Market Abuse Regulation and section 5-12 of the Norwegian Securities Trading Act.

Rotterdam, September 9, 2022