14 Jan 2025 20:47 CET

Issuer

WPU - Waste Plastic Upcycling

Date: January 14, 2025
Announcement no: 30
ISIN: DK0061676400


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WPU – Waste Plastic Upcycling A/S announces appointment of new CEO

WPU - Waste Plastic Upcycling A/S (Euronext Growth Oslo: WPU) (“WPU” or the
“Company”) hereby announces that the Board of Directors of WPU has decided to
appoint Jeffrey van Geloof as CEO of WPU.

Jeffrey van Geloof is currently the Managing Director of the Vitol group’s VPR
Refinery, based in Rotterdam, The Netherlands. Vitol B.V. is the controlling
shareholder of WPU.

Reference is made to company announcement no. 29 published by WPU on January 14,
2025 announcing the intention of Niels Henrik Bagge to resign as CEO of WPU.

Niels Henrik Bagge has dedicated many years to developing the Company, and has
been particularly instrumental in the construction of the Company’s first
commercial scale plant at Fårevejle, Denmark.

Chair of WPU’s Board of Directors, Tom Baker, says, “we would like to thank
Niels for his dedication to the Company over the last five years, we hope he
enjoys a well-earned break with this family.”

Niels Henrik Bagge says: “It has been five challenging but rewarding years, and
I am proud of what the WPU team have achieved during this period. Vitol has been
a solid partner, and the ongoing cooperation with Vitol has been very beneficial
to the Company. My sincere thanks to Tom Baker and the rest of the Vitol Team
for a prosperous cooperation. I wish WPU all the best in the future.”

For further information, contact:
• WPU: Thomas Åberg, CFO, e-mail: TA@WPU-DK.COM.
• Vitol: e-mail: wasteplasticupcyling@vitol.com.


Important notice:

Matters discussed in this announcement may constitute forward-looking
statements. Forward-looking statements are statements that are not historical
facts and may be identified by words such as "believe", "expect", "anticipate",
"strategy", "intends", "estimate", "will", "may", "continue", "should" and
similar expressions. The forward-looking statements in this release are based
upon various assumptions, many of which are based, in turn, upon further
assumptions. Although the Company believes that these assumptions were
reasonable when made, these assumptions are inherently subject to significant
known and unknown risks, uncertainties, contingencies and other important
factors which are difficult or impossible to predict, and are beyond their
control. Such risks, uncertainties, contingencies and other important factors
could cause actual events to differ materially from the expectations expressed
or implied in this release by such forward-looking statements. The Company does
not make any guarantee that the assumptions underlying the forward-looking
statements in this announcement are free from errors nor does it accept any
responsibility for the future accuracy of the opinions expressed in this
announcement or any obligation to update or revise the statements in this
announcement to reflect subsequent events. You should not place undue reliance
on the forward-looking statements in this announcement. The information,
opinions and forward-looking statements contained in this announcement speak
only as at its date, and are subject to change without notice. The Company does
not undertake any obligation to review, update, confirm, or to release publicly
any revisions to any forward-looking statements to reflect events that occur or
circumstances that arise in relation to the content of this announcement.
Neither the Company nor any of its affiliates makes any representation as to the
accuracy or completeness of this announcement and none of them accepts any
responsibility for the contents of this announcement or any matters referred to
herein. This announcement is for information purposes only and is not to be
relied upon in substitution for the exercise of independent judgment. Neither
the Company nor any of its affiliates accepts any liability arising from the use
of this announcement. The distribution of this announcement and other
information may be restricted by law in certain jurisdictions. Persons into
whose possession this announcement or such other information should come are
required to inform themselves about and to observe any such restrictions.


636513_WPU - Announcement of new CEO.pdf

Source

WPU – Waste Plastic Upcycling A/S

Provider

Oslo Børs Newspoint

Company Name

WPU - WASTE PLASTIC UPCYCLING A/S

ISIN

DK0061676400

Symbol

WPU

Market

Euronext Growth