ISS, Glass Lewis recommend Freyr shareholders vote for redomiciliation

FREYR Battery announced that two leading independent proxy advisory firms, Glass Lewis and Institutional Shareholder Services recommend that shareholders for “FOR” proposals related to the previously announced process to redomicile from Luxembourg to Delaware in the United States. FREYR will be holding an extraordinary general meeting of shareholders on December 15, 2023, in connection with the redomicile process and proxy materials have been mailed to the Company’s shareholders of record as of the record date of October 25, 2023. Pending a successful shareholder vote, which requires a quorum of 50% of FREYR’s shares outstanding and two-thirds of quorum shares voting “FOR” the proposals, closing of the planned redomicile to the United States is expected to be completed by December 31, 2023.