Minesto attracts additional 145 MSEK and gets 2,500 new shareholders
[Gothenburg, Sweden, October 29, 2015] World leading marine energy company Minesto, raises another 145 MSEK and
gets circa 2,500 new shareholders as a new share issue has been completed to
the public in Sweden, and to professional investors. First day of trading with
the company’s shares on First North at NASDAQ Stockholm, is set to 9th
of November 2015.
In
the offer, aimed at the Swedish public, a total of 18,916,964 units is offered
(105,934 998.40 billion), including settlements, which is an oversubscription
of more than 10.7 MSEK. No allocation has therefore been made to the guarantee
consortium.
the offer, aimed at the Swedish public, a total of 18,916,964 units is offered
(105,934 998.40 billion), including settlements, which is an oversubscription
of more than 10.7 MSEK. No allocation has therefore been made to the guarantee
consortium.
The
offer addressed to professional investors had a subscription of 6,987,107
units, representing SEK 39,127 799,20.
offer addressed to professional investors had a subscription of 6,987,107
units, representing SEK 39,127 799,20.
”In
total Minesto is provided with 145.1 MSEK. This confirms that there has been a
great interest to sign up for shares in Minesto, as well as from the public and
from the larger professional investors”, said Anders Jansson, CEO of Minesto. ”Since
we also have secured earlier investments from KIC InnoEnergy and WEFO (Wales
European Funding Office), this means that Minesto now have access to capital to
about 300 MSEK”.
total Minesto is provided with 145.1 MSEK. This confirms that there has been a
great interest to sign up for shares in Minesto, as well as from the public and
from the larger professional investors”, said Anders Jansson, CEO of Minesto. ”Since
we also have secured earlier investments from KIC InnoEnergy and WEFO (Wales
European Funding Office), this means that Minesto now have access to capital to
about 300 MSEK”.
The
company has thus ensured a fully funded business plan made to fully
commercialize the Deep Green technology.
company has thus ensured a fully funded business plan made to fully
commercialize the Deep Green technology.
The
issues means that Minestos share capital increases from SEK 1,785 292 to 3,080
695,55 and the number of shares increased from 35,705,840 to 61,609 611. This
corresponds to a dilution of 42,1 percent.
issues means that Minestos share capital increases from SEK 1,785 292 to 3,080
695,55 and the number of shares increased from 35,705,840 to 61,609 611. This
corresponds to a dilution of 42,1 percent.
Units
must be paid for by October 30th, 2015. After that the shares will be delivered
promptly to each account. The warrants will be delivered when they have been registered
by the Swedish Companies Registration Office, which is expected to occur on or
about November 11th.
must be paid for by October 30th, 2015. After that the shares will be delivered
promptly to each account. The warrants will be delivered when they have been registered
by the Swedish Companies Registration Office, which is expected to occur on or
about November 11th.
The
conditions of the warrants stipulates that two warrants entitles the holder to
subscribe for one new share in Minesto in February 2015 at a price of SEK 6.30.
If all the warrants will be subscribed, Minesto will raise an additional SEK
81.6 million in issue, which corresponds to a dilution of about 17.4 percent.
conditions of the warrants stipulates that two warrants entitles the holder to
subscribe for one new share in Minesto in February 2015 at a price of SEK 6.30.
If all the warrants will be subscribed, Minesto will raise an additional SEK
81.6 million in issue, which corresponds to a dilution of about 17.4 percent.
Minesto
has appointed G&W Fondkommission as Certified Adviser for the listing on
First North at NASDAQ Stockholm. Planned initial listing date is on the 9th
of November.
has appointed G&W Fondkommission as Certified Adviser for the listing on
First North at NASDAQ Stockholm. Planned initial listing date is on the 9th
of November.
G&W
Fondkommission have also acted as financial advisors to Minesto in connection
with the listing and share issues.
Fondkommission have also acted as financial advisors to Minesto in connection
with the listing and share issues.