Enviro strengthens its capital via a directed issue of MSEK 21.0


Scandinavian Enviro Systems AB (publ) (”Enviro” or ”The Company”) strengthens its financial position via a directed issue to Unwrap Finance AB. The share issue amount is around MSEK 21.0 before transaction costs. The added capital will be used to strengthen the working capital of the company until the board has evaluated various alternatives to secure the company's long-term capital needs.

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.

The board has, with support of the authorization given by the General Meeting, decided to conduct a directed issue of SEK 20,950,261, before transaction costs, and 10,000,000 shares. The subscription rate per issued share is SEK 2.095. The number of shares in the Company will be 590,826,115 after the directed issue and the share capital will increase with SEK 400,000 and will be in total SEK 23,633,045. The dilution after the directed issue will be around 2 percent. The directed share issue is conducted according to the stipulated market conditions. Unwrap Finance AB is a financial player that provides financing solutions for smaller, listed companies.

The added capital secures the company's financing until the board has analyzed the capital requirement and evaluated various alternatives to secure the company's long-term capital needs. As previously communicated, the company holds dialogues with various players in the capital market about potential alternatives for financing the expansion plan presented by the company.

For further information, please contact:
Thomas Sörensson, CEO of Enviro, +46 (0)735-10 53 43, thomas.sorensson@envirosystems.se
Urban Folcker, Enviro CFO, +46 (0)760-00 13 11, urban.folcker@envirosystems.se
Alf Blomqvist, Chairman of the Board of Enviro, +46 (0)733 149 700, alf@blomqvistunlimited.com

Mangold Fondkommission AB, +46 (0)8 503 01 550, ca@mangold.se, is Enviro’s Certified Adviser on Nasdaq First North Growth Market Stockholm.

Scandinavian Enviro Systems AB
Herkulesgatan 1K
SE-417 01 Gothenburg

This disclosure contains information that Scandinavian Enviro Systems is obliged to make public pursuant to the EU Market Abuse Regulation (EU nr 596/2014). The information was submitted for publication, through the agency of the contact person, on 17-05-2021 23:00 CET.

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