Scandinavian Enviro Systems publishes prospectus related to its rights issue
The Board of Directors in Scandinavian Enviro Systems AB (publ) (“Enviro” or “the Company”) has established a prospectus related to the rights issue of shares and warrants by issue of so called units in The Company (Rights Issue), which now has been approved by the Swedish Financial Supervisory Authority (Sw: Finansinspektionen).
For more information, please contact:
Thomas Sörensson, CEO Enviro, tel: +46 (0)735-10 53 43, email@example.com
Urban Folcker, CFO Enviro, +46 (0)760-00 13 11, firstname.lastname@example.org
Mangold Fondkommission AB, +46 (0)8 503 01 550, is the Certified Adviser of Enviro at Nasdaq First North Stockholm.
This information is information that Scandinavian Enviro Systems AB is obliged to make public pursuant to the Financial Instruments Trading Act. The information was submitted for publication, through the agency of the contact person set out above, at 17:25 CET on November 28, 2018.
This press release is not an offer to subscribe for units in Enviro and investors should not subscribe or acquire any securities. Invitation to concerned persons to subscribe for units in Enviro will only be made through the prospectus that approved and registered by Financial Supervisory Authority. The prospectus includes, among others, risk factors, financial information and information on the Company’s Board of Directors. This press release has not been approved by any regulatory authority and is not a prospectus. Investors should not subscribe nor buy securities with reference to this press release, except on the basis of the information that will be presented in the prospectus which is published by Enviro on the Company’s Swedish website. This press release shall not, directly or indirectly, be released, published or distributed in or to the United States, Australia Japan, Canada, New Zealand, Hong Kong, South Africa or other country where such action as a whole or in part is subject to legal restrictions.
Neither unit rights, units subscribed for (“BTU”), newly issued shares or warrants have been recommended or approved by any US federal or state securities authority or regulatory authority. No unit rights, BTU, newly issued shares have been registered or will be registered under the United States Securities Act of 1933, as applicable, or in accordance with applicable laws in the United States, Australia, Hong Kong, Japan, Canada, New Zealand, Switzerland, Singapore, South Africa or in any other country where the Rights Issue or distribution of the press release is in violation of applicable laws or regulations or presupposes that a further prospectus is established, registered or that any other measure is undertaken beyond that required by Swedish law.
There is no intention to register any portion of the offer in the United States and the securities issued in the Rights Issue will not be offered to the public in the United States.
This press release may contain certain forward-looking information that reflects Enviro’s current views on future events as well as financial and operational development. Words that are “intended”, “come”, “judged”, “expected”, “can”, “plan”, “appreciate” and other expressions that imply indications or predictions about future developments or trends, constitute forward-looking information. Forward-looking information is inherently associated with both known and unknown risks and uncertainties because it depends on future events and circumstances. Forward-looking information does not constitute a guarantee of future performance or development and actual outcomes may differ substantially from what is stated in forward-looking information. This information, the opinions and the forward-looking statements contained in this press release are valid only on this date and may be amended without notice. Enviro makes no representations about publishing updates or revisions of forward-looking information, future events or similar circumstances other than the applicable law.
Enviro is an environmental technology company that offers profitable recovery of tyres and processed materials primarily to the rubber industry. The company sells turn-key environmental facilities to industrial investors and also operate their own plant for end-of-service tyres in Åsensbruk, Sweden. Enviro, headquartered in Gothenburg, was founded in 2001, has 20 employees, and is listed on the Nasdaq First North securities exchange with Mangold Fondkommission AB, tel. +46 (0)8 5030 1550, as its Certified Advisor. https://www.envirosystems.se/en/