OSLO, Norway - 20 April 2026 - Agilyx ASA (OSE: AGLX, OTCQX: AGXXF, ISIN:
NO0010872468, WKN: A2QGQ) ("Agilyx" or the "Company") has entered into an
agreement to raise its ownership in GreenDot Global S.à.r.l. ("GreenDot"), a
prominent European platform for sourcing, sorting, and supplying plastic waste
for recycling, to 50.1%.
Agilyx will meet the requirements to fully consolidate GreenDot's financial
statements, and upon closing of the transaction, will begin consolidation
accounting. GreenDot is expected to generate approximately EUR 375 million in
revenue and over EUR 22 million in EBITDA in 2026.
Under the agreement, Lafor and Agilyx will jointly acquire all shares in
GreenDot currently held by Circular Resources (19.1%). Following the
transaction, Agilyx's shareholding will increase from 46% to 50.1%, while
Lafor's shareholding will increase from 34.9% to 49.9%. Agilyx CEO Ranjeet
Bhatia will serve as Chairman of GreenDot.
To finance the acquisition of the additional 4.1% shareholding, Agilyx has
arranged a EUR 4.7 million share purchase financing facility. This facility
carries a 7% interest rate and an expected duration of about six months,
providing full funding for the purchase without near-term cash impact on Agilyx.
Peter Norris, Chair of the Agilyx Board, commented, "Lafor has been a valuable
partner at GreenDot, and we're excited to continue working together to build the
EU's leading waste plastic recycling platform. Consolidating GreenDot's accounts
will provide our shareholders better financial transparency and strengthen our
partnership."
The transaction has received the required support of 2/3rds of the voting bonds
under Agilyx's EUR 40,000,000 Subordinated Convertible Bonds 2025/2028. Dispatch
of the written resolution and completion of the transaction is expected today.
This announcement is subject to disclosure requirements under Section 5-12 of
the Norwegian Securities Trading Act.
About Agilyx
Agilyx ASA is a publicly listed, technology-agnostic leader in plastic
recycling, focused on converting plastic waste into circular products and
value-creating solutions for the global plastics value chain. The Company works
with blue-chip partners and operates across mechanical and chemical recycling,
and proprietary technology development. Agilyx has operating exposure in Europe
through its ownership stake in GreenDot, a leading platform for sourcing,
processing, and supplying recycled plastic feedstock, and in the US through
strategic commercial arrangements and technology deployment. With funded
projects, reduced capital intensity, and a clear strategic focus, Agilyx is
positioned to drive sustainable growth and long-term value creation in the
circular plastics economy.
About GreenDot
GreenDot is dedicated to addressing the plastic waste crisis by developing
solutions and assets that close the circularity loop of plastics through the
production of high-quality recyclates, including from difficult-to- recycle
waste streams. The group's portfolio spans both mechanical and chemical
recycling, Extended Producer Responsibility (EPR) licensing services, as well as
consulting on EPR systems and design-for-recycling.
The foundation of the group was laid more than 35 years ago in Germany with Der
Grüne Punkt which created the world's first nationwide EPR program for household
packaging, including hard-to-recycle plastics like flexible films. Since then,
GreenDot has constantly expanded its business areas in order to serve all
requirements of the circular economy for plastics. To date, GreenDot has
presence in Germany, Austria, Italy as well as France, and continues to widen
its global network. More information can be found at www.green-dot.com
Inquiries: investors@agilyx.com
Learn more at: www.agilyx.com
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