Enviro strengthens its capital via off-set directed issue of MSEK 3.0
N.B. The English text is an in-house translation of the original Swedish text. Should there be any disparities between the Swedish and the English text, the Swedish text shall prevail.
Scandinavian Enviro Systems AB (publ) (”Enviro” or ”The Company”) strengthens its financial position via transfer of a loan to equity through an off-set directed issue. The share issue amount is around MSEK 3.0. The added capital will mainly be used for processing of the market for sales of recycling plants and for strengthening of the working capital of the Company.
The board has, with support of the authorisation given by the General Meeting, decided to increase the Company’s share capital via a directed issue through off-set of SEK 3,000,000 and 2,928,847 shares. The direct issue is conducted via off-set of a loan given by Recall Capital Nordic AB and the subscription rate per issued share is SEK 1.0243. The number of shares in the Company will be 125,659,140 after the rights issue and the share capital will increase with SEK 117,154 and will be in total SEK 5,026,366. The dilution after the directed issue will be 2%. The share rights issue is conducted according to the stipulated market conditions.
This information is information that Scandinavian Enviro Systems AB (publ) is required to publish under the EU regulation on market abuse. The information is provided under the auspices of the contact person listed above for publication on July 18th 2018 at 14:40 CET.