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● ● ● ● Pryme making plastics circular PRESS RELEASE 26.05.2021 Pryme looks back on a successful Q1 2021 : Funding secured Focus on construction of first plant Preparing for ambitious rollout strategy Successful IPO : raised NOK 287 million through private placement Listing on Oslo Euronext Growth Exchange Increase of existing asset - backed loan : from EUR 3.7 million to EUR 8.2 million Construction of first industrial - scale plant on track - annual plastic intake of 60,000 mt - scheduled commissioning Q2 2022 Multiple negotiations with potential value chain partners Executive team strengthened with two experienced members Kapelle , the Netherlands - 26 May 2021 - 26 May 2021 Pryme B.V. ( " PRYME " ) , the innovative cleantech company focused on developing a low - carbon , circular plastic economy , looks back on an eventful Q1 2021 filled with important developments that will help drive the company forward . BUSINESS OVERVIEW : ACHIEVEMENTS IN Q1 2021 Successful IPO and loan increase to support future growth In Q1 2021 , the investment community as well as banks confirmed their trust in Pryme's recycling strategy , its market opportunities and its next - gen pyrolysis technology : Pryme raised NOK 287 million ( ca. EUR 28 million ) , of which NOK 256 million was in new capital , through a successful IPO . Shares of the new issue were sold at NOK 51.20 each , corresponding to a post money market capitalization of NOK 768 million . PRYME BV - Q1 2021 Results - 26.05.2021 The company was admitted to trading on the Oslo Euronext Growth Exchange on 16 February 2021 ( ticker code : PRYME ) .